In line with the efforts at deepening the financial inclusion and cashless polices of the Central Bank of Nigeria (CBN), Tetup International Services Limited (TISL), has launched Cash Deposits Voucher (CDV) in Lagos.
According to TISL, the initiative is aimed at promoting cashless banking that allows individuals to render banking services on their own.
Speaking on the new product, Etuk Happiness, CEO, TISL, said that CDV currently enjoys a first comer advantage in the financial sector and that it would solve about 80 percent of the challenges faced by bank customers in a brick and mortar banking hall.
Accordingtohappiness,CDV is an innovative product embedded with many security layers to checkmate fraud and other illegal activities by both agents and staff.
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“Security has been put in place to prevent fraud on our platform,” he assured.
He stated that each of the vouchers has a unique identifier and linked to licensed agents authorised to deal on Tetup platform, while licensed agents are also entitled to 40 percent commission on the platform.
James Okocha, vice chairman, Tetup International Services Limited, said CDV was a timely initiative that supports social distancing caused by the emergence of Covid-19 and its economic implication on the global economy.
According to Okocha, though the initiative was birthed before the outbreak of Covid-19, it aligns with the economic realities of post-pandemic financial institutions, both locally and on the global stage.
He noted that people live in a world of problems; hence CDV is a problem-solving initiative for the Nigerian Fintech sector.
