Etisalat Nigeria has sealed agreements for a US$650 million syndicated loan with eight local banks to expand its mobile network across Africa’s most populous nation.
I received a lot of positive feedback on my previous blogs on the Nigerian mobile banking landscape. The e-mails and comments were very informative for me and I must thank readers for this. It was clear that a lot of attention is focused on this exciting market. I thought that I would try my hand at predicting what will happen in the next two years.The following realities should be taken into consideration when thinking about the future of the mobile money market as it relates to Nigeria:This is
(The Paypers) POS and electronic payment services provider Charge Anywhere has launched a pilot program of its new mobile payment platform in Nigeria.Read more: http://feedproxy.google.com/~r/ThePaypersMobilePayments/~3/mYRaDs2M2Uo/743241-16
The Central Bank of Nigeria earlier this month reportedly granted its approval to allow FirstBank Nigeria PLC to offer mobile-payment services in the East African country.Read more: http://www.americanbanker.com/news/nigeria-firstbank-offers-mobile-1031873-1.html
Monitise was the first to announce to the world that they have received a provisional license from the Nigerian Central Bank. With a slick British PR company behind them, this was too big an opportunity not to make some noise about. (Read here). Being a listed company, the press release was factually very accurate.Soon, many press releases followed. The one trying to out-do the other in terms of the scope of services and the impact that it would have on Nigerian community. (Read here and here).
Nigeria is without doubt one of the most vibrant and exciting markets that I know. With a huge population, rich in natural resources, a very high growth rate and almost no personal debt, this country is ready to surprise the world with what is possible. And more than any country this is mobile payment paradise. Consider that the country’s finances is well regulated, that many banks are very profitable and sound, yet a large percentage of the population do not have access to financial services. E
The Nigerian Export Import Bank (NEXIM) has disclosed that Diaspora Nigerians remitted over $7 billion in 2009, which represents 50 percent of the $14 billion globally remitted to Africa. Robert Orya, managing director, NEXIM, who made this known on Monday in Abuja at the 2010 Enterprise Exhibition and Business Forum, said the $14 billion global [[…]]Read more: http://mobilemoneyafrica.com/archives/2179
Nigeria continues to experience phenomenal growth in its banking and electronic sectors. The countrys Banks …
How does your platform work? The platform www.CashEnvoy.com is an internet payment service that allows Nigerians to make payments, send money and receive payments with ease and convenience in a secured environment. Once you sign up for a free CashEnvoy account, you can make payments, send money and receive money online. To make payments using CashEnvoy, you [[…]]Read more: http://mobilemoneyafrica.com/archives/2050