A Cashless Economy Can Be a Win-Win for Businesses, Nigeria’s Economy

By Yvonne-Faith Elaigwu Consider a typical day in the life of Mr Chukwu, a small business owner in Lagos. His morning ritual invariably starts with a visit to the bank to withdraw the amount of cash to sustain his shop operations for the day or deposit the excess amount of cash from the previous day’s sales. From catering to customers’ change needs to safeguard their earnings from potential theft, the tangible presence of cash, while familiar, also brings with it a unique set of challenges. Now, imagine a different scenario. A scenario where Mr Chukwu no longer has to worry