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ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group - Business (2) - Nairaland

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Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by charlsecy(m): 12:32pm On Jul 28, 2016
emamos:
A recent assessment by the Computer Warehouse Group (CWG) Plc has revealed that a higher percentage of Nigerians use the ‘Automated Teller Machines’ (ATMs) compared to their counterparts in Ghana and the United Kingdom (UK).

Apart from population and cashless factors, these apply:

It is not necessarily a desirable condition. It may boil down to value and stability of the Naira. If you see an item that sells for N1,000; by the way you have visited and withdrawn from ATM to pay for it, its price has gone up to N1,300, and you would be required to visit the ATM once more, and so forth. With low value of the Naira, you may have to be visiting the ATM more often to withdraw to match rising costs. If a British withdraws, say, 10 Pounds, it may last him some time before he has to withdraw again.

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Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Digitron: 12:53pm On Jul 28, 2016
Thats my boss speaking, one of finest IT company in West Africa
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by bakynes(m): 1:11pm On Jul 28, 2016
True that we use ATM machines than the UK but its not a positive survey for us but a negative one. Like most people have said the UK run a cashless economy, most top shops and off- licence shops, taverns and pubs around the streets all use POS machine. People also do online banking transactions because internet is cheap and you get BT wifi zones in some parts of the city so there is really no need to spend cash unlike nigeria we still do local buka, Local pepper seller etc If you get to their ATM machines you hardly see anyone using it before you and if you must wait you probably waiting for one or two persons unlike Nigeria, all the ATM machines is full of people struggling to cash money. Even the naira value and inflation makes us to withdraw often. To live comfortably in a day in Nigeria of today you will spend nothing less than 10k everyday so why wont we withdraw money like our lives depend on it.

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Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by abbas2(m): 1:34pm On Jul 28, 2016
....but Nigeria is far bigger than the UK now. Every other thing aside.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by loomer: 1:41pm On Jul 28, 2016
Microflux:
Why not! we withdraw our money in batches they do the same at once.

Common sense



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Simple logic.

We buy things with cash, 95% of their transaction na with card. So why dem need ATM if not for emergency
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by SavageGarden(m): 1:55pm On Jul 28, 2016
Pavore9:
Nigeria should look into adopting Kenya's mobile money model. Only with a simple basic phone and a sim card one is connected to the financial world.....through it one can directly receive transfers such as Moneygram, Western union, Skrill, World remit, Sendwave etc. Withdraw and deposit money into one's bank account. Transfer money to another phone number and the owner cash the money from agents around him.

One can make payment in a store by just sending the amount from their mobile wallet to the store's code at no extra charge to the customer.

Nigeria should wake up.

Sir please can I possibly receive money from South Africa to Nigeria via World Remit? Do you know how it works?
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Nobody: 2:04pm On Jul 28, 2016
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Pavore9: 2:06pm On Jul 28, 2016
SavageGarden:


Sir please can I possibly receive money from South Africa to Nigeria via World Remit? Do you know how it works?

From their link https://www.worldremit.com/en/nigeria it shows one can only send airtime from South Africa to Nigeria via World Remit. I suggest you receive via a domiciliary account or SKrill as you can always sell the foreign currency in your Skrill account to many who need it in Nigeria. I hope this helps.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by TVTKOKO(m): 2:15pm On Jul 28, 2016
TVTKOKO:
THE WAY NIGERIANS USE ATM EH, U GO THINK SAY NA DASH DEM DEY DASH D MONEY
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by alakara(m): 2:37pm On Jul 28, 2016
Pavore9:
Nigeria should look into adopting Kenya's mobile money model. Only with a simple basic phone and a sim card one is connected to the financial world.....through it one can directly receive transfers such as Moneygram, Western union, Skrill, World remit, Sendwave etc. Withdraw and deposit money into one's bank account. Transfer money to another phone number and the owner cash the money from agents around him.

One can make payment in a store by just sending the amount from their mobile wallet to the store's code at no extra charge to the customer.

Nigeria should wake up.
pls how can I key in into this
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Pavore9: 2:47pm On Jul 28, 2016
alakara:

pls how can I key in into this

It is only for those in Kenya.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by btoks: 2:49pm On Jul 28, 2016
abbas2:
....but Nigeria is far bigger than the UK now. Every other thing aside.
It can't just be down to population size.If Nigeria was a cashless society then masses would use ATMs less.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by dadaijboy: 3:03pm On Jul 28, 2016
Money dey naija sha
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Irreplaceable48(f): 3:48pm On Jul 28, 2016
They re withdrawing their sins! cheesy
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by SavageGarden(m): 4:13pm On Jul 28, 2016
Pavore9:


From their link https://www.worldremit.com/en/nigeria it shows one can only send airtime from South Africa to Nigeria via World Remit. I suggest you receive via a domiciliary account or SKrill as you can always sell the foreign currency in your Skrill account to many who need it in Nigeria. I hope this helps.

Wow! Thanks a lot Sir really appreciate ur help.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Pavore9: 4:35pm On Jul 28, 2016
SavageGarden:


Wow! Thanks a lot Sir really appreciate ur help.

You are welcome,
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Nobody: 7:15pm On Jul 28, 2016
kendrick9:
best answer so far...They make more use of credit card than cash
smiley it's 'common sense'
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by romeois4me(m): 9:28pm On Jul 28, 2016
Is because banks in Nigeria forced their customers to have ATM as a means of generating money for themselves........
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Nobody: 8:34am On Jul 29, 2016
Pavore9:
Nigeria should look into adopting Kenya's mobile money model. Only with a simple basic phone and a sim card one is connected to the financial world.....through it one can directly receive transfers such as Moneygram, Western union, Skrill, World remit, Sendwave etc. Withdraw and deposit money into one's bank account. Transfer money to another phone number and the owner cash the money from agents around him.

One can make payment in a store by just sending the amount from their mobile wallet to the store's code at no extra charge to the customer.

Nigeria should wake up.
And Paypal too, if you have an Equity Orange Money account, it mens you can deposit from Paypal to Orange Money as the Account is treated as an Equity Bank account but the money can be withdrwn either through and Equity or Orange Money agent
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Pavore9: 9:12am On Jul 29, 2016
GERALD710:

And Paypal too, if you have an Equity Orange Money account, it mens you can deposit from Paypal to Orange Money as the Account is treated as an Equity Bank account but the money can be withdrwn either through and Equity or Orange Money agent

If one wants to deposit $100 Paypal fund into the account, what are the charges, the duration it will take to reflect in the account and how much will l get to withdraw from the agent?

I switched to Sendwave and Skrill because of Paypal charges.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Arobake: 5:25pm On Jul 29, 2016
"Believe that, you"ll believe anything" James Hadley Chase.

1stCitizen:
Nigerian cash machines are even better than the ones in the UK in terms of functionality.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Nobody: 5:31pm On Jul 29, 2016
Arobake:


"Believe that, you"ll believe anything" James Hadley Chase.


There is nothing like believing.Its a fact. I use cash machines everyday in the UK. I have used Nigerian cash machines as well. UK cash machines just dispense cash, allow balance checking and PIN reset. Naija cash machines have better functionality.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by akpos4uall(m): 10:59am On Aug 03, 2016
1stCitizen:


There is nothing like believing.Its a fact. I use cash machines everyday in the UK. I have used Nigerian cash machines as well. UK cash machines just dispense cash, allow balance checking and PIN reset. Naija cash machines have better functionality.


I think the key word here is "functionality" He must have misinterpreted the word.
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Arobake: 9:32pm On Aug 03, 2016
Uk cash machines also allow you to pay in cash and cheques. I use Nationwide and Halifax.



1stCitizen:


There is nothing like believing.Its a fact. I use cash machines everyday in the UK. I have used Nigerian cash machines as well. UK cash machines just dispense cash, allow balance checking and PIN reset. Naija cash machines have better functionality.

Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by Nobody: 10:23pm On Aug 03, 2016
Arobake:


Uk cash machines also allow you to pay in cash and cheques. I use Nationwide and Halifax.




They are not in every branch of Nationwide and Halifax and certainly not in every UK bank. They are mainly mono-functional kiosks and not multi. You have some for coins as well.

All these still can't compete with an average naija ATM in terms of functionality
Re: ATM Usage Higher In Nigeria Compared To UK - Computer Warehouse Group by tck2000(m): 1:24pm On Jan 06, 2020
kelvyn7:
grin

BEFORE NKO?

WHEN NIGERIANS ARE ALWAYS GOING TO THE ATM TO CHECK ACCOUNT BALANCE WHETHER UNCLE DON SEND MONEY COME grin grin grin

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