- From: Melvin Carvalho <melvincarvalho@gmail.com>
- Date: Fri, 29 Aug 2014 17:28:50 +0200
- To: Web Payments <public-webpayments@w3.org>
- Message-ID: <CAKaEYhLjULReW=buSqbp2jac3pU9fu9YXKeDcTFQehvvn=giJA@mail.gmail.com>
Note: Nigeria is expected to overtake china in population by end of the century MasterCard is providing the prepaid payment element and it hopes millions of Nigerians without bank accounts will now gain access to financial services. "The card is not only a means of certifying your identity, but also a personal database repository and payment card, all in your pocket," President Jonathan said at the launch in the capital, Abuja. "I have taken keen interest in this project, primarily because of the pervasive impact it can have on every facet of the socio-economic fabric of our dear nation," he said. According to Nigeria's central bank, about 30% of the country's 167 million inhabitants have access to bank accounts, Bloomberg news agency reports. "It breaks down one of the most significant barriers to financial inclusion - proof of identity," MasterCard's Daniel Monehin said in a statement. The Nigerian Identity Management Commission (NIMC), which is behind the rollout, is trying to integrate several government databases including those for driving licences, voter registration, health insurance, taxes and pensions. http://www.bbc.com/news/world-africa-28970411
Received on Friday, 29 August 2014 15:29:18 UTC