Cashless: CWG to boost ATM density in Nigeria

Computer Warehouse Group, has signed an agreement with the United Bank for Africa, UBA, for the deployment of over 450 units of the CINEO series of Wincor Nixdorf brand of Automated Teller Machines (ATMs) in Nigeria. The move, according to CWG was to further decongest banking halls and boost Automated Teller Machines (ATM) density in line with the current cashless economy initiative being driven by the Central Bank of Nigeria.

The British Retail Banking Research, relying on statistics from the Central Bank of Nigeria, has estimated there are about 11,000 ATMs in Nigeria currently, with about 50 per cent being Wincor Nixdorf brand.

UBA is one of Africa’s leading financial institutions and Computer Warehouse Group Plc (CWG) continues to maintain its position as a leading pan-African systems integration company Disclosing the plan to deploy the new ATMs for UBA in a statement, the Founder and Chief Executive Officer of the Computer Warehouse Group, Mr. Austin Okere, said the CINEO series, though mono-functional automated teller machines for indoor and outdoor installations, can be upgraded to cash recycling systems. According to him, the ATMs were improved versions of the earlier ProCash series. “They shall be deployed and supported by CWG’s certified engineers who have undergone rigorous training at the Wincor Nixdorf operations centre in Paderborn, Germany.”

The Global Chief Executive Officer of Wincor Nixdorf, Mr Eckard Heidloff, recently and for the first time, visited Africa, where he toured CWG’s operational base in Lagos and also visited key customers of Wincor Nixdorf, including UBA, in the company of the CWG boss.

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