Relying on Technology; During Nigeria's No-Cash Era

The COVID-19 pandemic then and the most recent presidential election here in Nigeria brought unprecedented,unforseen,unexpected challenges,problems and all to Nigeria,to Nigerians, forcing citizens to adapt.One significant shift was the rapid adoption of digital payment systems, mobile banking apps, and online transfer services. As physical cash became scarce, technology stepped in to fill the gap.

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During this no-cash era, Nigerians relied heavily on mobile banking apps like GTBank, FirstBank, and Access Bank. Digital payment platforms like Interswitch's Quickteller,E-wallets like Opay and PalmPay allowed users to store and manage funds digitally.

USSD codes like *737# and *894# became wgat everyone had to know offhead,incase you don't have data or probably using a phone that cannot access the internet you opt got Used codes as they provide access to banking services.this widespread adoption demonstrated Nigerians' ability to adapt to challenging circumstances and leverage on technology.

Though there were its benefits too,reducing physical contact and risk of virus transmission, improved transaction security.

Technology played a vital role work and virtual meetings as zoom and Google Meet became the norm. E-learning platforms and online courses allowed students to continue learning.

Social media platforms became critical channels for information passage and support. Nigerians used these platforms to share updates, offer assistance, and provide emotional support to one another. Online marketplaces enabled citizens to purchase essential goods and services from the safety of their home.

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The no-cash era has accelerated us into a cashless economy.Increased adoption of digital payment solutions has improved us a citizen and allowed us to exploit and adopt more tech related innovations as they are being anf would be of help in case of any future occurrence which might not even be finance related....who knows.

The no-cash era has taught us that technology can bridge a lot of gaps,one of it is the financial gaps.
Even though at that time,I was in school,to call home to send me money,it was not so easy,as then not everyone also want you to send them transfers and all,if you were to see a place where you could transfer and collect cash,you would have to pay a huge amount of money,imagine using 300naira to collect 1000naira,you are only left with 700naira.

So its just better to go buy something at a place where you will just transfer the total amount of money of the goods bought to them straight,or just pay with your card(ATM) using their POS even small shops owner began to collect transfers, everyone now have online banking apps,to send and receive money,though as Nigerians we've learned to adapt, innovate, and thrive in the face of adversity it was indeed a challenging time then,but we appreciate technology, if not for that...it would have been worse.

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The no-cash era has been a transformative journey.Technology will continue to play a vital role in shaping Nigeria's economic, social, and cultural landscape.

In this new era, collaboration between government, private sector, and citizens is crucial. We must prioritize infrastructure development, digital literacy, and cybersecurity to ensure that Nigeria's digital economy become vibrant.
As we look to the future, one thing is clear,technology will continue to drive Nigeria's growth, Our experience during the no-cash era has prepared us for a future where technology is intertwined into our daily lives.

Thanks for taking your time to read through

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