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CBN rewards users of e-banking payment options


Nigeria’s foremost Banker, Mr. Godwin Emefiele.

Nigeria’s foremost Banker, Mr. Godwin Emefiele.

AS the Central Bank of Nigeria (CBN) promotes e-banking in the country, it has rewarded 10 users of electronic payment options under its Electronic Payments Incentive Scheme (EPIS) in Kaduna.

The winners emerged in the third and fourth draws for the months of September and October, 2015 and were rewarded with a total sum of N1.4 million for the two months.

The first prize winners were given N250,000 each, while the second, third, fourth and fifth place winners went home with N200,000, N150,000, N100,000 and N50,000 each.

Presenting the winners with their cheques, the Deputy Governor, Operations, who is also the chairman of Nigeria Interbank Settlement System (NIPBSS), Alhaji Suleiman Barau, said EPIS was se up to reward users of electronic payments options as part of efforts to strengthen the usage of electronic payments system in the country.

According to him, “the CBN is particularly poised to collaborate with stakeholders to incentive the culture of electronic payments within Nigeria. EPIS was therefore designed to recognise and reward various categories of users of electronic payments including cardholders, merchants, sales persons and service providers.”

“The raffle, which is targeted at the cardholders commenced earnestly with draws drawn and winners rewarded in both Lagos and Abuja.”

He noted that the benefits of electronic payments to users go beyond the money prizes, but also in terms of safety and convenience of usage of the cards at the Point of Sale (POS) in merchants location.

“To further enhance the services, we have implemented under EPIS, the purchase with Cash Back option which enables users of cards at POS to make cash withdrawals over the POS at a merchant location for a token fee. This is in addition to making payments at the POS, thereby providing extra convenience to users.

“The CBN in conjunction with banks and payments service providers is committed to improving the availability of the electronic payments services across various channels.

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