Tuesday, July 10, 2007

e-Payment systems and Ecommerce initiative in Nigeria.

The electronic age is here and even in a "third world" country - (Please excuse the label) like Nigeria, there is hope on the horizon.

E-commerce and its attendant technologies have taken off and are flying off in cautious but defined directions within the Nigerian economic space.

Valucard and Interswitch are considered the primary drivers for this recent revolution.
Most banks and other institutions are waking up to the reality of the web as a front facing customer tool - that is estimated to save millions in company expenditure and to improve the response times of companies world wide.

It is becoming an indispensable tool and a means to improve customer acquisition, retention and service delivery processes within any business entity.

The saying is: the customer is only a click away.

There are so many products and platforms that it is becoming a crowded space but there's room for so much more.

Banks are rolling out ATMs and issuing debit and in some limited cases credit cards and this will improve the spending pattern and allow the development of business ideas that make ordering goods and services - easy and cost effective.


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