Cashless Policy: Firm Launches Non-Bank Card


The Chief Executive
Officer of 0.3 Capital Nigeria Ltd, Mr. Abimbola Pinhiero has said that non-bank credit card would boost the cashless policy in the country.
This was made known during the launching of the nation’s first non-bank credit card in Lagos at the weekend.
Speaking during the programme, Pinhiero told journalists, investors and stakeholders that Nigerian economy cannot move to the next level without consumer effective lending.
The executive officer said that World Bank and IMF economic growth forecast for Nigeria will not be sustained if all Nigerians do not work together to sustain the growth.
He expressed worry over the availability of only 100,000 credit cards across banks in the country at the present stating that a population of over 160 million deserves at least a million credit cards.
According to the CEO, 03 credit cards work on the inter switch networks, which includes all automated teller machines (ATMs) Point of Sales (POS) and Internet Payment sites in Nigeria.
He noted that the card enterprises is driven by an ultra modern card management system that is provided by a leading Canadian Software Company Bevestec CST and a Customer Relationship Management System that is provided by Redmain, a Uk-based CRM Solution provider.
The company boss noted the expectation of a robust experience for the cardholder, adding that there is also a guarantee transaction and data security.
He said that the mission of 03 capital is to provide the average Nigerian with access to funds to enable them meet everyday consumption requirements, adding that 03 cards solves the problem of being “cash trapped”.