Business
Bank, Firm Partner On Mobile Money Services
A Central Bank of Nigeria (CBN) Licensed Mobile Payment Operator, Teasy Mobile Money, has entered into partnership with Jaiz Bank Plc, to provide financial sevices to Nigerians through phone.
This, according to reports, is part of the bank’s efforts to implement financial cashless policy and financial inclusion programme of the CBN.
The statement said that it was also part of CBN’s 2020 financial system goals in implementing the cashless policy and financial inclusion strategy, aimed at ensuring that Nigerians get access to capital to grow their businesses and economy.
During the signing of the partnership pact, the acting Managing Director of Jaiz, Hassan Usman, highlighted the importance of the collaboration as integral in reaching a critical group in the country that has been excluded from the banking system due to the high cost associated with accessing the service.
The Managing Director of Teasy, Musa Ali Baba, said that the partnership was a win-win arrangement, adding that CBN has licensed the two companies to address identified gaps in the financial system.
The innovative product from the two companies will enable the customers enjoy the convenience of making financial transactions at anything from the comfort of their homes, places of work or even while travelling.
“By integrating with the Teasy Mobile Money platform, Jaiz Bank will provide its customers access to its alternative banking services straight from their phones, as the companies will also collaborate in developing programmes, projects, and other activities that targeted at provide a robust mobile payment and deposit platform, capable of delivering end-to-end mobile banking solutions,” it stated.