No.
Indicative action
Expected outputs
Priority
level
Supported
by:
5.1.7
Public institutions promote and
support public and private bank
investment
in
technology
(electronic clearing and settlement
systems,
retail
real
time
processing
and
switching
platforms) so that their systems are
ready for online payments and
online transfers at the domestic
and cross border levels via CBMNET II and the MPU switch.
Banks are able to keep pace with increased demands for
electronic payments for e-commerce both domestically and
cross-border.
High
CBM
Commercial banks, state owned
banks and other financial
institutions implement digital
technology and services to enable
electronic payment services in
conjunction with CBM-NET II
and the MPU switch
Comprehensive availability of digital financial services
including interoperable and fully integrated electronic payment
services through all banks and financial institutions that offer
commercial banking services.
Roll out awareness and skills
training for bank and other
financial
services
providers
regarding
e-commerce
and
electronic payments.
Widespread understanding of e-commerce, its value in goods
and services distribution chains, and the roll of financial
services in e-commerce.
5.1.8
5.1.9
Related strategies
MPU
MoF
High
Commercial
banks, state
owned
banks, other
financial
institutions,
CBN-NET II
CBM, MPU
An ability to undertake customer awareness and skills training
in e-commerce and e-payments services
High
Commercial
banks, state
owned
banks, other
financial
institutions,
CBN-NET II
CBM, MPU
5.1.10
Launch awareness campaigns:
Increased confidence and adoption of cashless transactions by
merchants and consumers.
MoC
Commercial
Banks
38