The CBN recently announced a new policy to limit cash withdrawals to boost a cashless economy in the coming year. Set to take effect from January 2023, the new policy caps weekly withdrawals at N100,000 and N500,000 for individuals and corporates, respectively.
What does this mean for your business?
- You’ll need to fully adopt alternative payment methods such as internet banking, USSD, ATMs, and POS for daily transactions.
- You’ll save time & money managing cash: The cost and risk of moving funds from your shop to the bank are removed when you focus solely on digital payments.
- You’ll increase your efficiency: Digital payment solutions like Squad help with the hard stuff like monitoring and reconciliation, allowing you have more time to run your business smoothly.
Thankfully, we’ve got everything you need to seamlessly transition from cash to fully embracing digital payments for your business. #GoDigitalwithSquad and explore the payment methods we offer you. From SquadPOS to Squad Virtual Accounts and Squad USSD Code, we can help you accept multiple digital payment methods at your convenience – whether online or in your shop.
Let’s get you started with a FREE Squad Decal to make it easier for your walk-in customers to pay into your Squad account, shall we? Look below to see the closest GTBank branch you can pick up a decal from:
Alternatively, you can request for a decal here if you can’t find a branch close to you.
For more information about Squad’s payment solutions, please visit: www.squadco.com or send an email to help@squadco.com
For more such interesting article like this, app/softwares, games, Gadget Reviews, comparisons, troubleshooting guides, listicles, and tips & tricks related to Windows, Android, iOS, and macOS, follow us on Google News, Facebook, Instagram, Twitter, YouTube, and Pinterest.