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Nairaland Forum / Nairaland / General / Business / Nigerian Businesses Gradually Going Cashless (Photos) (44406 Views)
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Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:48pm On Feb 08, 2023 |
maasoap: He did albeit indirectly. Again, the post is also focused on POS transactions. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by DrDunamis(m): 10:49pm On Feb 08, 2023 |
Enemyofpeace:Yes indeed praise worthy but the photoshoped images aren't excellent. 1 Like |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:50pm On Feb 08, 2023 |
IfnobeGod20: No society is without adequate cash, from USA to Canada to China to Saudi. Let's people identify with what is convenient for them. There are educated people and non educated people. There urban people and there are rural people. There are civil servants and there are farmers. A caring system will consider the ability of each segment of the society to formulate all inclusive policy, not the one that lump everything together. Illiteracy is high, there is no shortcut to that 1 Like |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by maasoap(m): 10:55pm On Feb 08, 2023 |
AllDModsAreMaad: I could see, you're of those who argue blindly. Transaction done, debit alert received with new lower balance. You said it wasn't approved and network error. Are you even making sense to yourself |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 10:56pm On Feb 08, 2023 |
jamesbridget13: Someone said POS transactions, but as a Nigerian that always find fault in everything, you mentioned ussd transaction. What is the correlation bikonu? Na wa o. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Bobbiee: 10:57pm On Feb 08, 2023 |
If they did it right you won't even need a POS machine. Just QR code on smart phones 1 Like |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by IfnobeGod20: 10:58pm On Feb 08, 2023 |
maasoap:That can never be an approved transaction. That should be a network induced transaction. I experience it too mostly on bank ATM but not on phone, POS or laptop. Nobody doesn't know when a transaction is induced by network, except you're not sensitive enough. For me I don't even bother myself because I know it would be reversed. Same way if I electronically bought units from my account and ib debited due to bad network . I just keep cool because I know if the bank is doing reconciliation, my money will be refunded, which my bank have done severally. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by AllDModsAreMaad: 11:02pm On Feb 08, 2023 |
maasoap: Keep quiet please, in your case, you initiated the transaction from your account, the debiting of a thing is still on your account and still withing your bank's network(system), the receiving account(receiver) has not received it. Do you ask yourself why the money was reversed? In the case of POS, the receiver(terminal) approved it by showing "APPROVED" and the receiver's account gets credited. Some check their account balance immediately and they see the credit. The question is does this kind of transaction in bold reversible and not what you typed in your comment... |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by sgtponzihater1(m): 11:07pm On Feb 08, 2023 |
faceland: Very wise statement. Nigerians need to take their country back from these folks who rip them daily. No sane country in the world works like this. 2 Likes |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by IfnobeGod20: 11:10pm On Feb 08, 2023 |
maasoap:Have you gone to any of these countries you mentioned? Only in Nigeria you see a businessman going to market to buy goods and he carries a stockpile Ghana must go naira notes. For what? To buy goods. That's nonsense in a civilized society. We are not talking of buying goods of 1,000/3,000/5,000. Goods with the price more than 5,000 should be electronically done than carrying bale of money about. If I may ask, do you need to even have basic education for you to learn how to send and receive money electronically? I am speaking with experience. I am in a community with education disadvantage people but many of them have learnt it with a space of these two weeks. All we need is just enlightenment and no big deal about it. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by opius: 11:21pm On Feb 08, 2023 |
These are the Hausas that do not have former education. Come to South and you will see well educated men and women telling you they can't accept transfer. No wonder we're always behind them in everything |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by angelfallz(m): 11:37pm On Feb 08, 2023 |
Bank app generate qr code? Which bank app does that? ITbomb: |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by OyinO: 11:39pm On Feb 08, 2023 |
Gradually going extinct or cashless? You forgot that we have village communities and settlements without GSM services or connection? |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Dybala11(m): 11:50pm On Feb 08, 2023 |
figment232:It has happened to me on a transfer via bank app before. I sent money to somebody, my bank debited my account number, after waiting for hours for the person to see alert then they reversed the money back to my account. I had to retry the transaction later. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by piro2rule: 11:57pm On Feb 08, 2023 |
slivertongue: Why point out North? This is actually our problem. We are one, why say it is happening in the North. It is happening in Nigeria. Stop tribalism. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by HardMirror(m): 12:13am On Feb 09, 2023 |
If you believe this thread then you are a certified mumu. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by omoadeleye(m): 12:21am On Feb 09, 2023 |
smokinloud: Shey e dan happen to you before or you dan see person wey e happen to? |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by HardMirror(m): 12:26am On Feb 09, 2023 |
Helpfromabove1:don't mind all thos social media kids |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by visaclick: 1:27am On Feb 09, 2023 |
In a way cashless policy is sweet. I bought some footwears and surprisedly the woman was willing to accept transfer so, I simply sent to her fidelity and she confirmed it .shekina, both of us left like we finished sex |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Blazebond(m): 2:53am On Feb 09, 2023 |
You buy goods worth 1600 and you are asked to pay 1800 by the vendor,now tell me.how that is making any sense,all we like to do is to copy things that we don't understand all because we want to look COOL. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by 1Sharon(f): 3:42am On Feb 09, 2023 |
Lol. Cashless society pending worldwide. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Kei144(m): 4:11am On Feb 09, 2023 |
smokinloud: Zenith Bank is a terrible disappointment. They've been having this ICT problem long before the new naira note saga and they have never thought of fixing it. By Thursday of last week, I experienced some difficulty transferring with GTB app, but by the next day GTB app transfer worked like charm. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by jacoik(m): 4:20am On Feb 09, 2023 |
ITbomb:how does this QR really work because I use to see it on my access and palmpay app but use to be scared of it |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by opera1(m): 5:50am On Feb 09, 2023 |
Which useless cashless is that? I transferred 12k to someone [Zenith Bank] on the 4th of this month as at yesterday, the recipient is yet to receive the money. Or where ATM terminal or POS Terminal will debit you and it will take months for the money to be reversed. Let's stop deceiving ourselves jọ |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by gfelo(m): 5:54am On Feb 09, 2023 |
Bros it has happened to me twice, mine is sterling bank, after making transfer for material 10k, it show successful as i reach house my money was intact, i ve to go back to the person d next day, d person was not even aware Tookool: |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by OVikkytan49: 6:21am On Feb 09, 2023 |
The network is poor. That was how my #5000 hang. Dey don remove am for my account o |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by GorillaApp(m): 6:23am On Feb 09, 2023 |
Tookool:Yes it does. I transferred money to my wife's account which was successful but she didn't get any credit alert but I got a debit alert. Two days later, the money was reversed to my account. Whxt if it was a business transaction with a stranger |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by rex21: 6:50am On Feb 09, 2023 |
Elliotwaveforec:So the charges that comes with using the POS machine should fall on the seller ?? After you must have priced his profit to below minimum, you want him to still pay for your convenience ?? We really need a lot of orientation on how things work in this country. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by KushLyon(m): 7:07am On Feb 09, 2023 |
What kind of rubbish cashless are you talking about. I did transfer yesterday to pay for something I bought and it took over 2 hours before the seller received the money, meanwhile I was debited immediately. Useless country with useless policies |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by 6ixT8: 7:31am On Feb 09, 2023 |
When the govt are ready they had drip down the transaction charge so as to encourage cashless. Something that was supposed to be considered in this trying time. |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Simpubozz(m): 8:27am On Feb 09, 2023 |
I don’t really think going cashless on 100% is feasible in this country, considering the large percentage of uneducated ones we have. How many of these people have access to smartphones ? How many can operate PoS successfully? How many even understand how to use bank apps ? The technical difficulties is a major challenge for these set of people |
Re: Nigerian Businesses Gradually Going Cashless (Photos) by Simpubozz(m): 8:32am On Feb 09, 2023 |
Tookool:I have had experience. I transferred 15k to a POS vendor , I was debited, the POS merchant saw it and I was given cash. Only for me to get home and saw the money was reversed. |
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