Nigeria sets up to combine bank cards with national ID

Nigeria is following the digital ID race and putting efforts to keep itself with the digitally advanced countries and for this a new initiative is that Banking and identity are converging in Nigeria.

For this the government has told commercial banks to start issuing debit cards that can also serve as a national ID document.

As per reports, the move passed following a memo from the National Identity Management Commission (NIMC) giving banks permission to provide the combined banking and national identity cards.

Approval from the federal executive council, and a partnership with the Central Bank of Nigeria (CBN), formalized the process.

Source: https://lnkd.in/dMWnwbew

#management #digital #bank #nigeria