Access
Bank Plc and Airtel Nigeria Limited have gone into a partnership to introduce a
mobile money service known as Access Money.
The
service allows customers to perform simple, secure and instant financial
transactions using their mobile phones.
With
the service, customers on the mobile network can send and receive money, make
deposits and withdrawals, pay their utility bills and buy airtime for their
lines.
In
addition, it provides the ability for customers to receive money through agents
nationwide or through cardless withdrawals from any Access Bank ATM machine.
Speaking
at the launch of the product in Lagos yesterday, Group Managing Director of
Access Bank, Mr. Herbert Wigwe said:
“Through Access Money, we will be
providing financial access to more and more people and small businesses;
creating an easier channel for the distribution of financial aid; and also
making it easier for government to receive taxes and deliver welfare payments.”
According
to him, Access Bank and Airtel agreed to introduce the platform into Nigeria’s
financial landscape in line with the financial inclusion initiative of the
Central Bank of Nigeria (CBN).
“It
is something that reaches new groups of people and helps them to build and grow
the success stories of tomorrow. And it’s something we are proud to champion,”
he added.
On
his part, the Managing Director/Chief Executive Officer, Airtel Nigeria, Mr.
Segun Ogunsanya said his organization, as an innovative operator in the
telecoms market was strategic in partnering Access Bank in order to create an
enabling avenue for millions of Nigerians to gain financial inclusion.
“With
Access money powered by Airtel, millions of Nigerians will be able to make
purchases, pay for services and receive payments by the touch of a simple
button on their phones,” added.
“We
are indeed proud of our partnership with Access Bank and hope that many
Nigerians will take advantage of this product,” he said.
To
deposit money into the Access Money, customers were advised to visit any
authorised agents, any Access Bank.
“Customers
will receive confirmation or notifications SMS for transactions performed. The
service is also aimed at promoting financial inclusion for those with no access
to formal financial services.
“This
collaboration between Airtel and Access Bank will deepen financial inclusion
and bring more Nigerians into the formal financial system. This will serve to
support CBN’s financial inclusion target of 80 per cent of Nigerians by 2020,”
Wigwe added.
Thisday
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