Cashless banking to be launched for 2012 Hajj exercise

May 02, 2012

Steps have been taken to introduce cashless banking transactions for the 2012 Hajj exercise in Nigeria.

Steps have been taken to introduce cashless banking transactions for the 2012 Hajj exercise in Nigeria.

The Kaduna State Pilgrims Welfare Board is working with Microcred Microfinance Bank on the initiative and the organisations have now started putting the project into action, the Daily Trust quoted Executive Secretary of the Board Ambassador Sule Buba as saying.

Chief Executive Officer of Microcred Olugbolahan Mark-George said his bank is ready to work with pilgrims to provide them with targeted products that will ensure the success of Hajj operations.

"As an international bank, we will give the pilgrims products that will work for them anywhere and for ease of transactions without necessarily carrying cash," he stated.

Mr Mark-George explained that although the financial institution only covers Kaduna State at the present time, it will expand across the nation to ensure pilgrims have access to "the largest international microfinance bank in Nigeria".

Last year, more than 1.3 million pilgrims arrived in Saudi Arabia to perform Hajj rituals, while 99,000 were allocated to Nigeria, the Daily Trust reported.ADNFCR-2976-ID-801355382-ADNFCR