Nseobong Okon-Ekong reports that operators in the gaming industry are affected in diverse ways by the enduring difficulties in getting cash for their day-to-day transactions
Ordinary citizens have been increasingly frustrated as they are unable to get the new naira either from the banks or automated teller machines . Where available, the new naira notes are sold between 10 per cent and 20 per cent. For instance, point of sale operators take that much percentage from customers for transactions.
“It is sad to see the current situation Nigerians are facing due to the unavailability of cash, most especially the new notes. The conventional betting system, mostly used by the lotto and sports betting players in Nigeria, is one that requires the physical exchange of naira and kobo,” said Ezekiel. “Hence, the unavailability of the naira would heavily affect sales and operations of the business, especially for companies that heavily rely on these point of sale.
For Melbet, having projected into the future, we have been able to put a complete online betting system that is tested and trusted, where players can easily deposit into their wallets regardless of the time or day, and a seamless process that will allow you to withdraw your winnings into your bank account without any tussle and allow players handle their daily money demands.”
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