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What is SANEF? SANEF (Shared Agent Network Expansion Facility) is a project powered by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chartered Institute of Bankers of Nigeria, licensed Mobile Money Operators and Shared Agents with the primary objective of accelerating financial inclusion in Nigeria.
Why SANEF? The project seeks to deepen financial inclusion in Nigeria through an integrated ecosystem with strong regulatory oversight, consumer protection and interoperable systems with limited concentration risk. It will create a platform for Nigerian owned financial services companies to grow whilst empowering and creating jobs for Nigerians. So, wherever you see the SANEF identity, you can perform basic financial services such as; account opening, cash deposits and withdrawals, funds transfer as well as bills payment
Latest Media Posts
The latest industry news, interviews, technologies, and resources.
Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020
After a massive drop during the COVID-19-induced lockdown, the volume and value of online transactions in Nigeria hit new heights in Q3 2020, pointing to improved economic activities following the relaxation of the lockdown
Customers go for PoS transactions
POS machines deployment have increased in recent months with many cardholders, especially at the grassroots, previously cautious about digital banking and safety of their funds have embraced the scheme as COVID-19 pandemic reduced cash demand and usage but there are challenges
Electronic Payment Transactions Hit N111.29tn in Nine Months
The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year.