In support of the Central Bank of Nigeria’s drive for a cashless economy in the country, a technology firm in Benin City, Edo State, DPG Soft Solutions has launched a software application known as “Tokens” for offline financial transactions.
The Chief Executive Officer (CEO) of the company,
said that the app has come to address the bottleneck in the payment system as a result of the federal government’s drive for an economy devoid of heavy cash transactions.
Tokens, he said, provides a platform to complete transactions between traders who use the app without a mobile network.
He described the innovation as coming at a time when the nation’s economy is pushing into a cashless era.
According to him, the Central Bank of Nigeria (CBN) introduced cashless policy in Nigeria that served as pains and sufferings in the lives of Nigerians because of the short timeline for the implementation of the policy.
“The system channels are not strong enough, and the capacity to move in the direction or speed they want to move; this is why we came up to design the Tokens App.
“It is the system or service that allows you to complete your transactions offline; so, it means, if you have this solution App in-store, you can make payment with Tokens.
“With tokens, you can do or complete your transactions offline; it will make life easier for our market women because they can use it without data,” he said
According to him, every measure is in place to ensure a safe system and transaction as there are levels of verification in the background.
