Digital payments can boost tax administration, eTranzact says

Digital payments are essential for enhancing tax administration, boosting revenue collection, and improving public service delivery in Nigeria, according to eTranzact Plc.

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He said digital payments have evolved beyond simply moving money to becoming an important part of the economy by improving transparency, strengthening revenue collection, enhancing tax administration and supporting better public service delivery.

Niyi Toluwalope, the Managing Director and CEO of eTranzact, emphasized that digital payments have evolved beyond mere financial transactions. They now serve as a vital driver of economic growth and accountability by improving transparency and strengthening revenue streams. This evolution supports better public service delivery, he noted.

Toluwalope, represented by Abubakar Achimugu, highlighted that governments worldwide are investing in Digital Public Infrastructure, built on digital identity, trusted data exchange, and digital payments. Nigeria has made strides in digital identity, with over 100 million National Identity Numbers and 60 million Bank Verification Numbers issued.

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Every digital payment creates a trusted record. Every trusted record strengthens accountability.

While the government sets the policy framework, private sector firms like eTranzact are responsible for building and expanding the necessary digital infrastructure. "Every digital payment creates a trusted record. Every trusted record strengthens accountability," Toluwalope stated. He added that eTranzact's technology solutions are designed to advance national priorities, supporting government revenue collections and digital transformation initiatives across public and private sectors.

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At eTranzact, we believe technology creates value only when it advances national priorities. That belief guides every solution we build.