Telecommunications giant, MTN Nigeria, on Thursday
launched its ‘super-agent network service’ named ‘MoMo Agent’ to immediately
provide safe and accessible money transfer services to both the under-banked
and unbanked people across the country.
The service, which is being operated through its subsidiary
arm, Y’ello Digital Financial Services
(YDFS), seeks to bridge the existing gaps in mobile financial operations in the
country.
Speaking at a media briefing sequel to the product
launch in Abuja, Chief Executive Officer (CEO) of MTN Nigeria, Ferdi Moolman,
said: “I am excited by the possibilities. We are fortunate to be part of the
telecoms industry which underpins the digital economy, and is critical to
inclusive development and the future economic growth of this great country.
“The launch of the YDFS MoMo Agent is especially
significant to us. It further demonstrates our commitment to remain focused in
enhancing Nigerian’s access to financial services, and in so doing, connects
them to what is most important to them.”
Also, YDFS Director, Usoro Usoro, said: “Our MoMo
Agent network opens up a host of opportunities by creating employment and
facilitating business in rural and urban areas. Leveraging MTN’s extensive
distribution network and capabilities, we are putting financial services within
easy reach.
“Going forward, anyone anywhere in Nigeria can send
and receive money through a MoMo Agent in his or her neighbourhood. We intend
to expand the range of financial services offered once the Central Bank of
Nigeria (CBN) grants approval for a payment banking licence.”
Meanwhile, YDFS plans to roll out about 500,000
agents across all states in Nigeria and the Federal Capital Territory (FCT).
The formal launch followed the successful award of a
Super-Agent licence to the telecommunications company.
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