The Central Bank of Nigeria and the Bankers Committee yesterday
sealed a biometric solution pact with a German Firm, Dermalog, for the
development of a payment system that would be driven by fingerprints. The move,
according to the CBN Governor, Mr. Lamido Sanusi, will help to revolutionise
the country’s payment system.
sealed a biometric solution pact with a German Firm, Dermalog, for the
development of a payment system that would be driven by fingerprints. The move,
according to the CBN Governor, Mr. Lamido Sanusi, will help to revolutionise
the country’s payment system.
For instance, unlike the current practice where different
instruments are used as means of identification, bank customers will be identified
through their fingerprints by 14th of February, 2014 when it would become
operational. The cost of the project is above $50m and the banks are going to
be sharing the cost of the project while customers wont be charged.
instruments are used as means of identification, bank customers will be identified
through their fingerprints by 14th of February, 2014 when it would become
operational. The cost of the project is above $50m and the banks are going to
be sharing the cost of the project while customers wont be charged.
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