October 25, 2021


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TAJ bank deploys NQR code to ease transaction

TAJBank has deployed NQR Payment solution, an indigenous Quick Response Code by Nigeria Inter-Bank Settlement System (NIBSS) as the newest addition to its e-business channels.

The Founder/Chief Operating Officer of the bank, Mr. Hamid Joda, said this in a statement in Abuja on Monday.

Joda said that the ingenious solution would further drive TAJBank’s culture of innovation.

The News Agency of Nigeria (NAN) reports that NQR Payment solution is a secure QR-code-based payment and collections platform developed for merchants and customers to receive and make payments in an easy and secure manner.

Joda said that the NQR would also create a seamless payment experience for the bank’s rapidly growing individual and corporate customers in their banking transactions.

“We are excited to have this payment channel introduced into the nation’s financial system as an addition to other innovative solutions we have deployed over the past few months.

“This is a proof that, as we have said in our communications signature line, TAJBank’s interest is always in our customers,” he said.


Meanwhile, the Chief Marketing Officer and Co-Founder of the bank, Mr. Sherif Idi, said that the deployment of the NQR payment solution would revolutionise the e-payment experience.

Idi added that it would open new frontiers for small, medium and large scale businesses which were major stakeholders of the bank.

He assured of the bank’s track record of growth and innovation, and rendering quality services to customers.

He said that NQR solution was open to all customers of the bank, both merchants and individuals, across all its branches and digital channels globally.

TAJBank is Nigeria’s second licensed non-interest financial institution offering innovative and customer-oriented products and services that span private banking, retail banking, business banking, development finance and the public sector.(NAN)