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.
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