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Published On: Tue, May 13th, 2014

Policy flip flop, banks’ apathy stagnate ATM penetration

Regulatory uncertainties occasioned by the reluctance of deposit money banks to step up investments in the deployment of Automated Teller Machines (ATMs) has seen penetration levels stagnate in recent times, a situation that does not bode well for Nigeria’s quest to achieve financial inclusiveness, according to industry analysts. Statistics show that Nigerians move N80 billion…

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