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Access Bank, Airtel inaugurate mobile money service

By on November 21, 2014

Access Bank Plc has collaborated with Airtel to introduce a mobile money service called Access Money.

The service allows customers to perform simple, secure and instant financial transactions using their mobile phones, according to a statement by the lender.

“With this innovative 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,” the statement said.

“Added to the convenience this service provides is the ability of customers to receive money through agents nationwide or through card-less withdrawals from any Access Bank Automated Teller Machine machine, it added.

The Group Managing Director, 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, the lender and Airtel have agreed to introduce the service into the financial landscape in line with the financial inclusion initiative of the Central Bank of Nigeria even as it serves as a platform to 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 added.

The Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, noted that telecom firm was strategic in partnering with the bank to create an enabling avenue for millions of Nigerians to gain financial inclusion.

He said with the new service, millions 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 added.

 

[Punch]