There is doubt that financial institutions in Nigeria have continued to adopt and develop easier and relatively secure means of serving their customers better.
The banks in the country are having this possibility with the growing rate of global Internet penetration.
Zenith Bank as one of the leading financial institutions in the country has installed biometric Automated Teller Machine (ATM) with extra features like iris and fingerprint scanner.
Following the installation of this machine, gone are the days that banks customers who probably forgot to step out with their cards became stranded.
Wikirise.com in this article, is highlighting the step to step operation of this machine by any customer of the bank.
This medium can report that fingerprint and facial recognition are only needed when making cash withdrawal or deposit from the bank.
Below are the processes of making cash withdrawal from any biometric Automated Teller Machine (ATM):
- Simply select a biometric option from the ATM screen
- For cash withdrawal, select withdrawal
- Enter your 10-digit account number
- Select the amount
- Place your right index finger or right thumb on the biometric scanner for 5 seconds then proceed
Suffice to say that with the installation of biometric Automated Teller Machine (ATM), banking becomes easier.
Earlier, Naijtech reported that the London based remittance operator MoneyTO announced a launch of money transfers to Nigeria. The transfers can be made from the UK and EU countries fee-free.
The recipients will get the transfer straight to their bank accounts in Nigeria. According to the World Bank, Nigeria is one of the six largest recipients of remittances in the world, attracting $24 billion in 2019, which made up 5% of the country’s GDP.
Over the past six years remittances made by Nigerian expats have increased by more than 126%. About 20% of the total volume of remittances to Nigeria are sent from the UK, followed by Italy, Spain, Germany, Ireland, etc. As stated in a PwC report, the growth of remittances to Nigeria is expected to soar to $29.8 billion in 2021.
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