Plc to improve business and payment activities in West Africa. The service will also to reduce the risk associated with physical cash transfer across borders.

According to a report published by The Punch newspaper in Nigeria, Mr. Kehinde Durosinmi-Etti, the bank’s Group Managing Director and Chief Executive Officer, said the new offering was convenient, secure, cost effective, fast and reliable.

Speaking at the inauguration of the service in Lagos on Thursday, he said, the service, which is a dollar denominated one, is devoid of exchange rate volatility and does not attract hidden charges. “

“African Payment System” has an enhanced security of transfer code by means of the use of scratch card and is currently available in the Bank’s branches located in Nigeria, Gambia, Sierra Leone and Guinea. It is open to both account and non-account holders.