Now ready to roll out its mobile money platform via the country's central bank.
Monitise secured a provisional licence earlier this year and has been running a pilot in four cities and 11 rural locations.
It says it's been serving around 7000 users, handling payments totalling more than 25 million Naira (£100,000).
Now, it will work with Nigerian banks to enable simple financial services on mass market phones across the region.
These include depositing money with agents, checking balances, transferring funds, topping up airtime and even paying salaries.
It's all the kind of stuff that M-Pesa and others haven been doing, and which has had a tremendous cultural impact in Africa. It's actually far more advanced than the stuff Monitise has been doing in the West, where users seem (for the moment) to prefer online banking – and credit cards.
Article continues belowAdvertisement
Alastair Lukies, CEO, Monitise, said: "We will continue to work closely with the Central Bank of Nigeria and local partners to extend the services we offer and to enable anyone in Nigeria with a mobile handset to access the full range of mobile financial services."
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!