1. ENHANCING PUBLIC SERVICE EFFECTIVENESS Withe-PAYMENT Presented by Uchenna Okwodu (Mrs)

2. Table of Content 1.Introduction and Background 2.What is e-Payment 3. Public Service without e-Payment 4. e-Channels of payment 5.Public service Effectiveness – The e-Payment Advantage 6. Threat to cashless growth in public sector 7.The final word

3. Introduction Following renewed effort from CBN for a cash less economy, e-payment has recorded a huge success. This has further complemented FGN government efforts for a better managed economy. Being the major driver of the Nigerian economy, Public service support and participation has been largely responsible for the success. Though the Nigera public service activities has greatly improved with the adoption of e-payment, there are still rooms for effectiveness if cash less is fully employed

4. What is e-Payment -E-payment is the use of alternate electronic channels to perform banking transactions such as withdrawals through ATM, or funds transfer and purchases through the Internet, Mobile phone or Point of sale (POS). -Effective and efficient means of transferring funds

5. Public Services Payments ( Salaries, vendor, allowance, e.t.c ) Procurement Foreign Partnership Revenue Collection Public sector Activities Functions of Public Services

6. Public Service without e-payment Prior to the adoption of e-payments by government agencies, some of the challenges, which are now thing of the past include;  Delay and unsecure means of payment  Prone to fraud  Inefficiency  Lack of confidence by FDIs  Inability to compete with the rest of the world or play in the global market  Poor reporting and Reconciliation  Man hour loss  Loss of funds due to time difference

7. Alternative Delivery Channels With determination of having a cash less economy and a better managed public sector and its positive effect, CBN in partnership with other stakeholders have repositioned all alternative channels towards migrating Nigeria away from a cash based system. Among the channels are; Alternative ChannelPurpose ATM-Over 12,000 deployedCash disbursement Point of Sales (POS) -over 100 deployed Merchant Purchases Cash Back Mobile PaymentTransfers, Merchant payment, Agency Service Web PaymentWeb purchases, Transfers ( For Salaries, vendors payment), e- ticketing Retail PaymentBill payment, Direct debit e-Collection platforms (Cash Management solutions For revenue collection

8. Effectiveness – The e-Payment Advantage Government establishments now have a more effective system with following benefits to the Nigerian Economy ;  Revenue Growth  Reduced transaction cost to the public service  Faster and secured mode of payment  Improved confidence in our economy because of the transparency in the e-payment system  Attractions of Foreign Direct Investments  Reduced cost of cash management  Flexibility of providing ready access to personal accounts at any time  Direct access to goods and services from vendors/merchants through electronic commerce  Reduced operational costs  Reduced Inflation rate  Helps the anti corruption crusade of the federal government

9. Threat to e-Payment Growth Despites the success, cash less an e-payment is being threatened by the following factors;  Increased customer expectations.  Lack of Infrastructure – Effective Telecom. GRPS  Technological challenges.  Lack of understanding and knowledge  Security challenges  User resistance to change- (i.e. adoption within the organization)  Delay or Non resolution of customer complaints by Banks  Concentration on of channels in the cities/town

10. Way Forward Having a better public service and economy with e-payment as driving force requires support of every stakeholder in the following ways;  Creation of awareness to users (bill board advert)  Support of various government establishment  Entrenchment of policy on e-payment  Regular power supply  Availability of strong and reliable communication facilities  Extension of e-payment channels to rural areas  Deployment and constant maintenance of delivery channels  collaboration between the banks, ePayment providers and the regulators (regular meetings to check)  Customer supports and prompt resolution of customer complaints

11. QUESTIONS?? Safety TrustStrength Service