BY BLAISE UDUNZE
In a bid to drive the Central Bank of Nigeria’s (CBN)’s Financial System Strategy 2020, a consortium of six banks have inaugurated the Unified Payments’ electronic money transaction scheme known as PayAttitude.
First Bank of Nigeria Ltd, Zenith Bank, Access Bank, Diamond Bank, Skye Bank and United Bank of Nigeria, last week, restated their commitment through this collaboration with Unified Payments to make it an objective to drive innovation in service delivery, convenient mobile payment system and making Nigeria’s financial system the “safest and fastest growing among emerging markets.”
PayAttitude guarantees subscribers the confidence and comfort of successful mobile payment for goods and services at merchant locations at all times, notwithstanding the challenges of telecommunication or unavailability of network in the merchant’s bank or the customer’s bank. With this solution, transactions are authorised offline up to the value of the customer’s mobile wallet subscription with the bank. To guard against fraud or unauthorised access, PayAttitude transactions are Chip and Pin enabled and holder’s unique Pin must be entered on the acceptance device before transactions are approved. The PayAttitude tag is carried on the mobile phone and suits the lifestyle of mobile phone users, being convenient for retail transactions by tapping the phone against the PoS terminal.
The GMD/CEO, First Bank, Bisi Onasanya, who spoke at the official launch of the product affirmed that Unified Payments and PayAttitude would redefine the domestic payments ecosystem that had been plagued by numerous challenges.
According to him, First Bank is working to constantly provide dynamic and relevant solutions that will improve the lifestyle of its customers while ensuring the safety and security of their funds.
Source : SunOnline