Home Market Updates Access Bank, Airtel launch mobile money service

Access Bank, Airtel launch mobile money service

Access Bank, Airtel launch mobile money service
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Access Bank Plc and Airtel Nigeria have jointly introduced a mobile money service that allows customers to conduct simple, secure and instant financial transactions using their mobile phones.

[su_quote cite=”Access Bank”]”To deposit money into their Access Money powered by Airtel Wallet, customers can go to authorised agents, any Access Bank or a registered Access Money user can transfer from their own bank account to any wallet. Customers will receive confirmation or notifications SMS for transactions performed.”[/su_quote]

The new service called ‘Access Money’ will let customers on the mobile network to send and receive money, make deposits and withdrawals, pay their utility bills and buy airtime for their lines.

Customers can also receive money through agents nationwide or through card-less withdrawals from any Access Bank ATM machine, the two companies said.

Speaking at the launch of the product, Herbert Wigwe, Group Managing Director of Access Bank says “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 Access Money powered by Airtel, into Nigeria’s financial landscape in line with the Financial Inclusion initiative of the Central Bank of Nigeria (CBN) even as it serves as a platform bring more and more of the under-banked and unbanked into the world of banking.

“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 said.

On his part, Segun Ogunsanya, Managing Director and Chief Executive Officer, Airtel Nigeria said that the mobile phone company partnered Access Bank 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.

“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 their Access Money powered by Airtel wallet, customers can go to authorised agents, any Access Bank or a registered Access Money user can transfer from their own bank account to any wallet. Customers will receive confirmation or notifications SMS for transactions performed.

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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