Daitrans Logistics Services Limited has launched a mobile apps that would enhance the visibility of the Bureau de Change (BDC) by making their contact detail as well as their buying and selling rates for various currencies available.
The company which recently organised a training workshop for financial system regulatory agencies on its product called n9raforex, an android app with digital solution for the exchange rate policy, transparency and supervision in the forex market BDCs Segment amongst others, would serve as an advancement in the Bureau de Change business.
Managing director of Daitrans Logistics, Mr Henry Uzodinma, while speaking with journalists, explained that the product is designed to enhance the visibility of the Bureau de change by making their contact detail as well as their buying and selling rates for various currencies, available to customers in Nigeria and abroad.
The programme was well attended by participants from Security Exchange Commission (SEC), Nigeria Financial Intelligence Unit (NFIU) and other relevant institutions.
The SIS project coordinator, Mr Daniels Henry, said the internal structure of their group and the relation between n9raforex project and daitrans logistics was rewarding.
“JdavProjects is a group of professionals, consultants and freelance experts in various fields working towards achieving a sustainable growth and poverty reduction in Africa by promoting the digital economy in Africa,” he said.
He further explained that the group was currently working on two major projects which are the Sub Forex Information System and the UCRM Project.
According to him, a partnership agreement between Daitrans and Jdavprojects has given them the mandate to promote n9raforex android app in Nigeria.
Speaking on the reason for the project, Daniels said the Forex sector in Nigeria was dominated by International Money Transfer Service.
“The vibrant Fintech sector in Nigeria is more focused on the banking sector which thrives with various Hi-tech solutions while the BDC segment is lagging behind.
“Considering that each registered BDCs owns a Corporate Affairs Commission (CAC) number, we can legitimately consider that their target at the end of the year is to make profit from their currency sales,” he said.