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

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