Nigeria’s financial inclusion initiative would take a giant stride as Globacom says it was ready to bring innovation to the financial transaction process in the country with the launch of its mobile money platform tagged ‘Glo Mobile Money,’ which is expected to become a reality in a couple of weeks.
This was disclosed by the telecommunications firm at an event in Lagos during a media round table, where it provided updates on its operations.
According to the company, the service Glo Mobile Money offer would not require any user to go through any banking platform.
There would be no need for high-end phones for any transaction to be carried out by any subscriber that subscribes to the service.
The company said the product was designed to encourage savings culture among Nigerians and it required less information to register for the services on mobile phones, while it does not exclude any customer, regardless of the type of phone.