Off the wire
• Putin warns to cancel gas discount for Ukraine  • Huawei procurement in Ghana hits 305 mln USD  • EU to hold first high-level human rights dialogue meeting with Cuba  • Medicine costs explode while effects decrease: Swiss health expert  • French stock market index down 0.24 pct on Wednesday  • Roundup: China becomes world's largest FDI recipient amid mixed global outlook  • France's Hollande urges Obama to stop espionage on allies  • S. African gov't violates law by allowing al-Bashir to dodge arrest: court  • British defense chief, King of Jordan discuss defense cooperation in London  • Britain announces new task force to boost child protection  
You are here: 　 Home

Chinese firm produces payment terminals in Nigeria

Xinhua, June 25, 2015 Adjust font size:

Firms from China and Nigeria have recently signed agreements to jointly produce point-of-sale (POS) terminals in Nigeria, which are expected to improve the country's cashless systems.

China's Shenzhen Xinguodu Technology Co., Ltd and its Nigerian partner Global Accelerex have promoted their products at an international exhibition organized by the Central Bank of Nigeria in Lagos, the West African nation's economic hub.

Joe Hu, the Chinese firm's senior business manager, told Xinhua that their POS terminals, with advanced software, will greatly boost convenience and security in financial transactions in the country.

The device could be used in shopping malls and restaurants, and for electricity and water payment, he said.

Tunde Ogungbade, an official of the Nigerian firm, said commercial banks in Nigeria are beginning to accept payment terminals.

"We believe that they (the products) will serve the Nigerian market and the Nigerian people especially the consumers and the merchants very well," Ogungbade said.

Nigeria is promoting electronic transaction across the country. Endi