Nigerian IDs now have the American MasterCard logo.

88m3

88m3

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I'm sure there is a normal and practically good reason why there is a cc company on there but you guys should get really bent out of shape about it for a few hours and then forget about it for the rest of your lives.
 
Poitier

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"There are about 167 million in the country. At least the number of adults will be well over 80 million. But very few Nigerians have bank accounts, particularly in the rural areas.Many Nigerians see banking as an elitist thing, while others with very low income are discouraged by bank charges.A new survey has revealed that 56.3 million adults, representing 64.1 per cent of the adult population, do not have bank accounts.The survey carried out by Enhancing Financial Innovation and Access, an independent financial sector development organisation, showed that only 28.6 million people, representing 32.5 per cent of adult population have bank accounts.The 2012 report, titled, ‘EFInA Access to Financial Services in Nigeria 2012 Survey,’ made available to our correspondent on Friday, showed that "62.6 per cent of adult males are unbanked while 72.8 per cent of adult females are unbanked.”It also said 76.2 per cent of the rural population had no bank accounts."

"Lagos’s two ports are close to the gridlocked city centre. The congestion is as bad inside the docks as around them. Sending goods by road is perilous. The biggest headache for Jumia, an online retailer, is not that its delivery vans will be robbed, but that they will be involved in an accident, says Jeremy Hodara, one of the firm’s co-founders. Nigeria has one of the world’s highest rates of road deaths. The government only recently made lessons and tests mandatory for new drivers."

"With the exception of Kwara, Lagos, Ogun, Ekiti, Niger, Ebonyi, other state governments are yet to adopt the National Health Insurance Scheme. Recent survey by NOI Polls Limited, a polling and research organisation in technical partnership with Gallup Organisation, USA, reveal that 8 in 10 Nigerians (79 percent) do not have access to health insurance, a development that shows that a huge market exists for Health Maintenance Organisation (HMOs) in Nigeria."

"Although the 10 year old pension scheme in the country has recorded 6.3 million contributors and pension assets in excess of N4.3 trillion, Nigerians employed in the informal sector are not yet part of the scheme, she noted."

"Less than 1% of Nigerians have credit cards and not even 20% of Nigerians have debit cards'

Stop talking out the side of your mouths :snoop:
 
Poitier

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It is truly amazing how people jump on stories that are sensational and grossly inaccurate. Why not get the facts before feeding on festering lies and falsehood?
Firstly, most of the people commenting here have ATM cards branded with either MasterCard, Visa or Verve, yet do not worry about America blocking their cards as they are using the Russian case.
Secondly, this nonsensical fabrication of Mastercard or any other foreign company holding the National Identity Database or copies of it is not backed by a single shred of evidence whatsoever. If the authors even bothered to do a little bit of investigative journalism, one would have found that there is ABSOLUTELY NOT AN IOTA OF TRUTH in the allegations.
The fact of the matter is that:
1. The new National Identity Card of Nigeria has 13 applets built in, 5 of which are activated when you pick it up. One of which so happens to be payment.
2. Only the first 13 million Cards will be MasterCard-enabled (using the M/CHIP4 applet). After that, either Verve or Visa will have the option to sign up for the next 13 million cards.
3. The payment applet is merely to give the millions of unbanked Nigerians an opportunity to participate in financial inclusion, considering the fact that the Federal Government is trying to mop up excess liquidity in the market.
4. Activating the payment applet is OPTIONAL during pickup. You don't want anything to do with MasterCard? No problem. You will not be compelled to do so.
5. MasterCard DOES NOT have any access to the National Database of Nigeria. The fact that one has a MasterCard-branded ATM card does not mean that MasterCard has access to you bank account, your home address, you business address and all the rest of it. Why is it that all these prophets of doom do not mention MasterCard or Visa having access to their bank details and personal information stored in Banks? Or do the banks not have databases? Let us get real.
There is absolutely no connectivity between MasterCard and the National Identity Database. What is the business of MasterCard with your biometrics? Seriously people.
6. Nigeria has had a very bad rap in recent times. And not without good reason. For once, the Federal Government is setting a global standard. Why condemn EVERYTHING that the Government initiates. And we claim to be patriotic.
It would be tomfoolery for any Government to share its sensitive national database with a company, home or abroad.
7. There are other applets on the Card such as travel, which is meant to COMPLEMENT and not replace the Passport issued by the Nigerian Immigration Service. Many countries do this with their own National Identity Cards so Nigeria would not be the first.
8. Each applet is protected by a firewall, which means they are totally and thoroughly isolated from each other. Payment has nothing to do with ICAO (travel). Driver's licence has nothing to do with payment and so on. Anyone who understands the complexities of EAC2, Document Signing and so on will be able to illustrate these better.
Click to expand...
 
Trajan

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Poitier said:
There is nothing wrong with this.

Mobile Money Wallets are the future anyways.

Yall must not know whats going on in places like Nairobi.
Click to expand...

Yeah it's for convenience. Somalia also uses mobile banking/transactions heavily. You can go to a restaurant and do a transfer in seconds via phone. Even fruit sellers by the road side use it. We don't have this in the West... :wtf:

You can do so much with the phone out there. Gives you a list of options.

It was born out of necessity. This is the kind of innovation I like coming out of Africa.



Electronic transfers improve Somalia economy


.............EVCplus is a free electronic money transfer service introduced and operated by Somalia’s biggest telecommunication company, Hormuud.

It’s a fairly easy-to-use tool and works like an SMS service. Both sender and receiver first need to register with the company. After dialling #770# from their mobile phone handset and using a secret four digit pin password, customers can choose between seven options. Instant transactions can be made as long as there is enough money in the account of the buyer. All texts go through centrally controlled software that adds or deducts money immediately from your account depending on your activity.

The service has transformed the lives of many. All the traders in the market say they prefer to be paid by EVCplus or in US dollars.

“I don’t like customers paying me in cash. Not anymore. One dollar is eighteen thousand shillings,” said Mohamed. Because of the low value of the Somali currency, it’s impractical to conduct business transaction using the Somali shilling. He added, “I will need bags and a wheelbarrow to carry the money from the ten goats I sold today.”

Safety improvements

In a country still recovering from more than two decades of civil war and awash with guns, traders also prefer EVCplus for safety reasons.

“No one knows if you have money. I travel outside the city and the roads are not safe. It is easier to hide a sim card than a sack of money,” said Mohamed Iman Ali, a fellow trader at the market. “Even if you don’t take the sim card out and your phone is stolen the company blocks your EVCplus.”
Click to expand...

http://www.aljazeera.com/indepth/features/2013/08/2013831141614925682.html
 
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