Among others, e-money can be used by microfinance clients to purchase goods, pay bills or loans, and move value to their deposit accounts. Indeed, the e-money ecosystem offers opportunities for MFIs as our regulatory framework allows banks and non-banks – such as telco subsidiaries and e-money agents – to participate as issuers or delivery channels.
Average capacity utilization of projects financed by CACS increased from 45 per cent in 2009 to about 75 per cent as at June 2013. 9. Your Excellences, distinguished Ladies and Gentlemen, in addition to the above, the CBN is presenting for launch today the N220Billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).