Ever imagined your regular ATMs dispensing coins??
The Central Bank of Nigeria (CBN) has said it will facilitate the introduction of Automated Teller Machines (ATMs) that can dispense coins.
Mr Chidi Umeano, Head of Shared Services at CBN, on Monday in Lagos said that this plan was in tune with the currency restructuring exercise. He said that the coins dispensing ATMs would hasten the acceptance of coins by Nigerians.
He says to achieve this plan, what is needed is to facilitate the inclusion of a process called “add-on” to the ATMs.
“Good enough, the existing ATMs have the “add-on“ feature that will easily make them adapt to coins dispensing, “ he said.
“This “add-on” feature can be activated on the ATMs at any time by the CBN and this is not new because it is being practiced in advanced countries.
“This proposal is in consonance with our cash-less policy and also in line with the CBN’s effort to encourage Nigerians to appreciate coins, “he said.
He says to achieve this plan, what is needed is to facilitate the inclusion of a process called “add-on” to the ATMs.
“Good enough, the existing ATMs have the “add-on“ feature that will easily make them adapt to coins dispensing, “ he said.
“This “add-on” feature can be activated on the ATMs at any time by the CBN and this is not new because it is being practiced in advanced countries.
“This proposal is in consonance with our cash-less policy and also in line with the CBN’s effort to encourage Nigerians to appreciate coins, “he said.
The multifunctional ATMs will also be able to accept deposits from customers and credit their accounts immediately.
That will be soo cool when introduced and we are waiting. There will basically be no need to go to the bank for deposits...
That will be soo cool when introduced and we are waiting. There will basically be no need to go to the bank for deposits...
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