Lead

Nigeria’s Airports Go Cashless: FAAN introduces contactless payment system

The Federal Airports Authority of Nigeria (FAAN) on Monday launched a contactless universal card at the Nnamdi Azikiwe Airport (NAIA) in Abuja, marking a significant step towards a cashless economy in Nigerian airports.

The card is part of FAAN’s “Go Cashless” vision, aimed at providing a seamless airport experience for passengers.

The Managing Director/Chief Executive of FAAN, Olubunmi Kuku, said the contactless card is a fundamental upgrade to the passenger experience and a powerful reaffirmation of the authority’s commitment to transparency and excellence.

Kuku added that the cashless system would ensure optimised revenue collection, significantly reduced leakage, and a robust system of financial accountability.

According to Kuku, the authority has begun phasing out physical cash at all FAAN revenue points, including access gates, car parks, and VIP lounges, effective September 29, 2025.

”This move is expected to reduce delays caused by cash handling and provide a more efficient and secure payment system for passengers.”

The Director, Commercial and Business Development of the project, Ms. Adebola Agunbiade, said the reliance on physical currency creates operational inefficiencies and vulnerabilities in revenue collection.

She noted that the cashless system would align FAAN with global best practices, strengthening Nigeria’s position in international aviation and tourism.

FAAN has partnered with Paystack, a leading fintech company, to ensure the technology behind the card is robust, secure, and reliable.

The authority plans to expand the cashless system to all FAAN-managed airports across the country, with the goal of doubling revenue from airport services.

The launch of the contactless universal card is a significant step towards modernizing Nigeria’s airports and improving the passenger experience.

With its emphasis on efficiency, transparency, and convenience, the cashless system is expected to benefit both passengers and the authority in the long run.

 

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button