![]() | VENTURES AFRICA September 17, 2012 Etisalat Nigeria has launched easywallet, a secure commerce feature with user-friendly SIM application for mobile money payments and transfers, offering partnership with leading Nigerian banks including First Bank, GT Bank, Stanbic IBTC Bank and Zenith Bank. With its 14 million subscribers base, Etisalat Nigeria says the new product is a more convenient and secure platform which will allow subscribers’ easy access to their preferred mobile money scheme for conducting secure money transfers and payments. | ![]() |
The application allow users to pay bills and pay for goods and services, receive and send money to friends and family, withdraw cash, top up their own airtime account or for someone else and also have access to manage their bank accounts.
The mobile commerce service is developed in line with the strategy of including unbanked and under-banked customers into regulated financial services. It will help drive financial inclusion in the country while expanding Etisalat subscriber base.
“With a potential customer base of over 180 million people in Nigeria, many of whom have never had access to formal financial services; we believe that mobile commerce has important consequences for the future of banking in Africa and globally.
Earlier this year, Etisalat’s commerce platform was awarded the ‘Best Mobile Money Innovation’ for making financial services accessible to millions of people at the GSMA awards at the Mobile World Congress in Barcelona.
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