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Nairaland Forum / Nairaland / General / Business / Nigerian Businesses Gradually Going Cashless (Photos) (44407 Views)
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Re: Nigerian Businesses Gradually Going Cashless (Photos) by Melagros(m): 9:35pm On Feb 08, 2023 |
faceland:You said something 1 Like |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Jukay: 9:40pm On Feb 08, 2023 |
Tookool: Nothing like that happens anywhere. I wonder where hebgitnhis own experience from. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Segzy19: 9:42pm On Feb 08, 2023 |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by bercarray(m): 9:46pm On Feb 08, 2023 |
CrownOfClay724:i wonder how some of you guys can be so selfish and also your way of reasoning, so what happens if you exhaust all the cash on you while paying for the okada and danfo, you'll perhaps go about with bank form and ask them to open a bank account because you want to pay them ₦100 What will happen to the old women that does not know anything about technology What about the low income earners that cannot bear the unnecessary bank charges What about wanting to cook at home and I've exhausted my matches, i should transfer ₦50 for the matches and bank should charge me ₦50 extra. Isn't that unnecessary way of spending money? Or should I go to supermarket buy a pack of matches for #200 like matches is the only thing I'd be eating at home What about small small kids that depend on their parents to give them money to spend in school or should they go about with ATM card too or phones? If they won't lost in within a week I can go on and on... But because u can easily afford those things now you are saying people should quit the complaint . Sorry to say its a senseless way of thinking 3 Likes |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by nkem1992: 9:48pm On Feb 08, 2023 |
Tookool:yeah it happens when the transaction is not approve, only approved transactions are irreversible. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by churro: 9:50pm On Feb 08, 2023 |
bercarray:You are both saying the same thing, which is Cash payments should be for little items. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by dayleke: 9:53pm On Feb 08, 2023 |
ITbomb: How does this work please? |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Nobody: 9:57pm On Feb 08, 2023 |
Penguin2: Na by force? Cashless for transaction above N10million is okay. Leave traders out of your epileptic cashless idealogy!!! Going cashless without network. Ndi Ara! |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by bercarray(m): 9:57pm On Feb 08, 2023 |
churro:when he said people should quit complaining, meanwhile many people are complaining because even the cash to buy little item is not accessible, that's why many people are complaining |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by gaddafe(m): 10:03pm On Feb 08, 2023 |
faceland: They take money for electronic transfer device, VAT and Electronic something (I can't remember this last one) for every transaction before they take the one for end of month 1 Like |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by adewaleadeyemi8(m): 10:10pm On Feb 08, 2023 |
Omo!!!!!! See aboki with Moniepoint terminal ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:11pm On Feb 08, 2023 |
Enemyofpeace: Go and deal with villagers, farmers mostly. You will know that, no cash no trade. Even today that I talked to our middle woman concerning the agricultural product I want to buy (around 600k), she said no cash no show. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by happney65: 10:14pm On Feb 08, 2023 |
Rubbish. Is it today that small businesses don dey do cashless ni? Something that most people already do with POS to receive payment and the likes. But this one that has no made cash so difficult to get is what is making me vex. Since all these nonesense started he no pain me reach the way he pain me today. Small money I say make I collect I no see am collect. Gboyin e ni jeere. E ma shey oriburuku ni |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:17pm On Feb 08, 2023 |
CrownOfClay724: Illiteracy is very high in Nigeria, higher in the North. 60% of Nigerians don't have bank accounts. Many that have can't do simple transactions on their own because they don't know how to. Everything shouldn't be about your standard. There is no country without cash. If some countries are talking about going cashless, Nigeria shouldn't even try it. Where is even the facilities? |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by IfnobeGod20: 10:19pm On Feb 08, 2023 |
smokinloud:A transaction that you've received a debit alert can never be reversed again, except if there is no debit alert, then it can be reversed. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:20pm On Feb 08, 2023 |
Tookool: It happened this evening when I helped a friend transfer money from Sterling bank to UBA, money deducted and debit alert received. Some minutes later, credit alert received. I had to do it again. IfnobeGod20: Talk what you knew for sure. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by mechanics(m): 10:22pm On Feb 08, 2023 |
Hmmmmm. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:29pm On Feb 08, 2023 |
smokinloud: Mr man, everything you typed is shit. A confirmed or approved transaction doesn't reverse back. It is only unapproved or network affected transactions that are reversed. Say what you know please. 1 Like 1 Share |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by IfnobeGod20: 10:30pm On Feb 08, 2023 |
maasoap:Please there is no alternative to this cashless policy. You don't need a complex education to use technology to send, transfer or receive money. Thankfully, even 3,000 naira phone is good to go to do transactions of any kind. No country carry cash around like Nigeria. You will even be surprised that Nigerians stockpiled millions at home for no reason. Money that suppose to be in circulation to help grow the economy, few pile them inside their rooms. Rarely can you see huge dollars in the hands of average Americans. They are always with their credit cards. In my station I have started encouraging people to go and open account in banks and I have started teaching them how to use phone to send money through my own phone and those with phones. We need not deceive ourselves, there is no alternative to this cashless policy. 2 Likes |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by 9gerian: 10:32pm On Feb 08, 2023 |
I think they call it “charge back” Tookool: |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by l3st3r: 10:33pm On Feb 08, 2023 |
Tookool:Yes it happens.i have experienced it first hand. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by bonnyhope: 10:33pm On Feb 08, 2023 |
smokinloud: ![]() ![]() |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:34pm On Feb 08, 2023 |
maasoap: You're arguing what you don't know, the argument is based on POS transactions and not bank to bank transactions. Even in bank to bank transactions, confirmed transactions are not reversed. So, if person buy goods from another and the seller has seen the money in his/her account, such money can still be reversed? The money might have been reversed because the receiving bank's network no dey good. In the case of POS, it won't approve it when the network is not good or the customer's bank is not connectable, although the money might hang but it won't show approve on the screen or printout. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by ceejayluv(m): 10:35pm On Feb 08, 2023 |
faceland:There are other convenient options like mtn mobile money And some other e wallets that charge next to nothing for micro transactions |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by ceejayluv(m): 10:37pm On Feb 08, 2023 |
IfnobeGod20:You're wrong... That you've never experienced it doesn't mean it doesn't happen. It's happened to me on few occasions. Both for "approved" and denied transactions |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by IfnobeGod20: 10:40pm On Feb 08, 2023 |
maasoap:No approved transaction is reversed, except the unapproved ones. And that should be as a result of bad network. If it is not network induced or interference, if it goes and you received debit alert, it won't be reversed. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:41pm On Feb 08, 2023 |
faceland: All these cashless policy is about making more money for banks and FG. The little ones they have tasted is the reason why FG is hell bent on going fully digital even with no adequate facilities to support it. Transferring money from your account to another account of yours didn't attract electronic charge of N50 before (10k and above), that was CBN instruction. But they quietly removed that instruction without any announcement. 2 Likes |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:43pm On Feb 08, 2023 |
IfnobeGod20: You are like a robot. Debit alert received, then credit alert received minutes later. Which is part you didn't understand? |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:43pm On Feb 08, 2023 |
nkem1992: You're contradicting yourself biko. And also, you are repeating what he said in different way. You said it happens, same you said only approved transactions are irreversible. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:45pm On Feb 08, 2023 |
AllDModsAreMaad: The guy who first made the claim wasn't talking POS. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:47pm On Feb 08, 2023 |
maasoap: You're du mb o, that means it is not approved. Meaning network affected it from reaching the receiver's end. Again, the argument is centered on POS transactions where the term "Approved" is used for confirmed transactions, and not bank transfers etc. |
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