Cash-less: Banks begin roadshow in Lagos

Deposit Money Banks have begun a pilot roadshow to enlighten and encourage traders and the public at large to embrace the cash-less banking initiatives, recently introduced by the Bankers’ Committee.

The theme of the show, according to a statement made available on Sunday, is ‘Go cash-less, use Point of Sales, Automated Teller Machines, Internet, chequebook and phone.’

The show, which started at the Trade Fair Complex Lagos, would move to different parts of the state this week to make the initiative more widely understood. Other markets billed for the hosting of the show include Alaba, Mile 11 and Idumota.

The main objectives of the roadshow are to effectively communicate the initiative as an inevitable innovation payment option that is much safer than cash transactions.

Other goals of the show include, testing the PoS machines, teaching customers and merchants alike how to use them. PoS machines will also be supplied to customers who qualify for them by their respective banks.

The statement said, “Other merchants that qualify for the PoS machines but do not operate current accounts will also be guided on how they will be serviced. The roadshow format also uses drama skits to drive home salient points on the benefits associated with this technology initiative to individuals and corporate organisations, among others.”

At the event, traders are not only made to understand how the PoS works, but are also advised to see the technology as the only solution to problems such as theft, and delay in payment for goods and services.

PUNCH