Nigeria's Cashless Economy: Are Digital Payments Changing How We Use Money?

Nigeria's financial landscape is rapidly evolving due to the widespread adoption of digital banking, mobile payments, and cashless transactions. Technologies like mobile apps, USSD transfers, POS terminals, QR codes, and digital wallets are fundamentally altering how Nigerians manage money. Según Sopitan, a Finance Consultant and Principal Partner at Woodridge and Scott Consulting, analyses this growth, highlighting opportunities and challenges for consumers, businesses, and financial institutions. His discussion covers transaction costs, cybersecurity risks, digital infrastructure, and financial inclusion, outlining what's needed for a robust digital payments ecosystem. It also explores how this shift from cash will impact future banking and economic growth. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   WhatsApp: https://whatsapp.com/channel/0029Va4T... For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance