Jaiz Bank has deployed the New Quick Response (NQR) code at the Fraser Suites Hotel, Abuja. The deployment means that customers at the hotel can now use the payment application to make payment to the hotel.
Managing Director, Fraser Suites Abuja, Mohammed G. Nasreddin and Managing Director/Chief Executive Officer, Jaiz Bank, Hassan Usman personally oversaw the official deployment of the payment application at the Hotel premise.
The NQR code payment system was launched in Nigeria in March 2021 by the Nigeria Inter-Bank Settlement System Plc (NIBSS). The solution is an innovative payment platform implemented on behalf of all financial service providers to offer a robust platform that delivers instant value for P2B and P2P transactions by simply scanning to pay. It is a solution that will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.
The Deputy Governor, Financial Systems Stability Central Bank of Nigeria & Chairman, NIBSS, Mrs. Aishah Ahmad, had, at the launch, commended the NIBSS team for this trail blazing achievement. She had noted that “the CBN as regulator of the banking and payment system in Nigeria is committed to providing an enabling regulatory environment that ensures interoperability, proper market conduct and continued innovation within the financial services ecosystem to foster healthy competition, high quality service and financial inclusion.”
