Recently read about China limiting the operations of MasterCard and Visa but Nigeria is handing over her National Identity scheme to MasterCard. This definitely is not in national interest...Nigeria is not smarter than China.
I hope our leaders are aware of the implications of their actions.


China has blocked MasterCard from processing credit card transactions in renminbi, raising concerns about Beijing’s willingness to fully open up the sector after the World Trade Organisation found that it unfairly restricted foreign card companies.

According to a document obtained by the Financial Times, the Chinese central bank ordered last month that EPayLinks, an online payment platform, stop issuing renminbi-settled credit cards in partnership with MasterCard.

http://www.ft.com/intl/cms/s/0/ce3973f4-cb6c-11e2-8ff3-00144feab7de.html#axzz2V5T4zNNI

http://www.thisdaylive.com/articles/mastercard-to-power-nigeria-s-identity-card-programme/147159/