Connect with us

E-Financial

Mobile Money Platform Gets Boost with Glo Xchange

Published

on

Kindly share this post

Mobile money financial services in the country received boost with the launch of Glo Xchange, a mobile money agent network that is aimed at accelerating the mobile money revolution in the country.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said that the launch of the partnership in Lagos yesterday that the apex bank is determined to use telecommunications to deepen financial services in the country in order to reduce the 46 percent of the population that does not have access to financial services.

He noted that a functioning payment system will bring about economic growth. He added that: “it is my expectation that existing telecommunications operators form a synergy with mobile money operators to build Agent network, it is in view of this expectation that I’m delighted in the launch of Glo Xchange”.

He describes the initiative as first mobile money super-Agent network in Nigeria.

Kamaldeen Shonibare, head of corporate Sales, Globacom, said that Glo Xchange was painstakingly developed in partnership with licensed mobile money operators, Firstmonie, Ecobank, Stanbic IBTC and Zenith bank.

“With this initiative, Globacom has provided the requisite platform for our partner banks to deploy mobile money services. Glo Xchange will enable the banks’ current and potential customers to carry out transactions under the three areas of banking transactions- deposits, withdrawals and transfers. Our partners will leverage on our company’s Gloworld shops, Glo Zones and Dealers’ outlets as well as their extensive retail financial market experience and customer base to push the service nation-wide. Under this arrangement, Globacom will be required to provide agent recruitment, training and management service to Glo Xchange,” he said.

He explained further that Glo agents will serve all the banks’ mobile money customers and Glo Mobile subscribers whether they have bank accounts or not.

“The banks, on their part, will provide their mobile money platform to mobile subscribers in the compliance with CBN policy on mobile payments. It will also provide specialized trading platform and merchandising materials to the recruited agents while managing customer accounts and support services,” he stated. 

Minister Commends Etisalat for Promoting Entrepreneurship Drive

Dr. Oluseguin Aganga, minister of Trade and Investment, has commended Etisalat Nigeria, Pan Atlantic University and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) for consistently promoting initiatives aimed at the growth of Small and Medium Enterprises in the country. This commendation was made in a keynote address delivered at the Abuja leg of the Etisalat sponsored Market Access recently held at Ibeto Hotel.

He noted that the one-day business networking and knowledge sharing session will afford small and growing businesses the opportunity to key into the value chain of large enterprises and help drive entrepreneurship spirit in Nigeria.

According to him, Small and Medium Size Enterprises remain the backbone of the development for most economies around the world adding that the sector is currently has abundant growth opportunities.

“I must commend the partnership of Etisalat Nigeria, Pan African University and the Small and Medium Enterprise Development Agency (SMEDAN) for being consistent with the initiative. SMEs are the most economic sector in the country and it is my day to day goal to bring massive growth to this sector of the country. I am always inspired to attend events like this where stakeholders in the SME sector converge.” He said.

Addressing participants at the seminar, Bidemi Ladipo, head, Business Segment Marketing, Etisalat Nigeria, expressed delight at the turnout of participants at the session, noting that the attendance and testimonies of the impact of the seminar is encouraging.

“At Etisalat, we are passionate about the growth of growing businesses and entrepreneurs. We remain committed to providing them with every necessary support they need to thrive in their various industries. We recently awarded N2 million each to 10 entrepreneurs in our Easybusiness Millionaires Hunt scheme and I am delighted that some of them are present here in Abuja to share their experiences and how far they have gone in their businesses.” He stated.

The Market Access platform, now in its third year, is a quarterly networking event that has recorded tremendous success in the SME segment.

The initiative has held in different cities across the country in a bid to empower small and medium scales enterprises across the country. Before the Abuja leg, the event has held in Lagos, Port Harcourt, Enugu, Calabar and Uyo. It has recorded a combined total audience of over 2,000 people.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

E-Financial

Access Bank Unveils DiamondXtra Season 16, Dangles N200m, 3 SUVs

Published

on

Kindly share this post

The sixteenth season of DiamondXtra, a savings and reward account where customers of Access Bank are rewarded with several prizes, have been unveiled in Lagos.

Access Bank Unveils DiamondXtra Season 16, Dangles N200m, 3 SUVs

 L – R : Doris Okpara, Product Manager, DiamondXtra; Ngozi Igboanugo, Regional sales Manager Festac 1&2 & mainland Access Bank; Bolarinwa Animashaun, Regional Sales Director Lagos 2 Access Bank ; Emeka Ezikeugo, Diamondxtra N200,000 Onsite winner; and Adaeze Ume, Head Consumer liabilities, Access Bank during the launch of Diamondxtra Season 16 held at Alaba International Market Lagos yesterday.

The Season 16th of the special interest yielding hybrid account which allows deposit of both cash and third-party cheques has been upgraded as customers will win prizes to the value of N200 million and three SUVs, amongs other mouthwatering prizes.

Speaking at the unveiling in Alaba International Market, Lagos, Mr Bolarinwa Animashaun, regional sales director, Lagos, said the new season will bring more goodies to the customers as the bank has taken their interest at heart.

“In the last fifteen years, we have been able to ensure customer loyalty, reward committed customers over time and show that we are a bank that is ready to empower people and partner with people.

“If I take it into specific figures, we have rewarded 26,696 customers and we’ve given a total sum of N6.5 billion over the period.

This Season16is interesting, because, we have seen a lot of opportunities to expand into digital opportunities and this time around, we will be rewarding 15,786 customers, and 10,000 of them will be digitally rewarded.

“This is almost half of what we have done over the last 15 years. So that is what is making it special. We have takenit into the possibilities of how technology can expand our business and reward customers”.

The draws for the new season are going to be the same like the previous ones as it will be held in different regions.

“So, we start from the monthly draws, quarterly draws and the annual draws. What makes it extremely interesting this year is that we will be rewarding with up to N200 million in prizes and we have added some very interesting gifts. We will be given out three SUVs as part of the N200 million price for this year”, Animashaun added.

At the unveiling, Access Bank conducted onsite draws where 48 customers who have DiamondXtra accounts and were present at the unveiling won cash prizes ranging from N20,000 to N200,000.

Breakdown shows 40 customers won N20,000 each, five customers won N50,000, two customers won N100,000, while one customer went home with N200,000.

Among winners of the N20,000 prize was Mr Victor Edobor, who said he opened the DiamondXtra accounts 24-hours before the draws.

One of the two winners of the N100,000 prize, Mrs. Maureen Nneka Oforka, said she was surprised to have won at the well-attended event as that was her first time winning any prize.

She said, “I have never won any prize in my life. This is my first. I came here reluctantly and thank God, I am here and I am a winner of N100,000 which has already been paid into my account.

The grand prize winner of N200,000, Mr. Emeka Ezikeugo, a trader in Alaba, said. “I will forever be grateful to Access Bank for the prize as I was not expecting it. I thank the bank for showing leadership among its peers”.

To be part of the winning train and qualify for the DiamondXtra season 16 which is open to both new and existing customers, new customers are required to open a DiamondXtra savings account with just N5,000 by dialling *901*5# or walking into one of our branches to open the account.

However, the more multiples of N5,000 both new and old customers save, the higher their chances of winning at the monthly, quarterly and annual draws.

DiamondXtra is an interest yielding hybrid account which allows deposit of both cash and third party cheques. Hybrid means a combination of both savings and current account features. The DiamondXtra reward scheme has given away over N6.5 billion in cash and household items to over 15,000 loyal customers over the last 15years.  Please click HERE to learn more.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Kindly share this post
Continue Reading

E-Financial

Lafarge Africa Launches Girls-in-Tech Programme to Empower Women Innovators

Published

on

Kindly share this post

Recognising the underrepresentation of women in the technology sector, Lafarge Africa Plc, has launched the Girls in Tech Program, a pioneering initiative aimed at empowering young women in technology.

Meticulously crafted to bridge the gender gap in tech and empower 10 young females between the ages of 18-25 years from Lafarge Africa Host communities in Cross River State, the program is poised to make a significant impact in the region.

The Girls in Tech Program seeks to harness the unique talents of these young women and introduce them to the dynamic world of technology. By providing them with essential skills and opportunities, the initiative aspires to equip them to become self-reliant as well as problem solvers in society.

In collaboration with Aptech and Arena Multimedia,globally recognized leaders in technology incubation and opportunity, as well as The Bridge Leadership Foundation, the boot camp promises to be a transformative experience for the participating girls, who are eager to make their mark in the tech industry.

Speaking during the onboarding to flag-off in Calabar recently, the Plant Manager, Lafarge Africa Plc, Sotirios Valsamakis, who was represented by the Human Resources Business Partner, Lafarge Africa Plc; Barong Ita, revealed that the program was in line with the company’s commitment to diversity and inclusion.

She also added that the initiative is designed to ignite a spark of inspiration, hope, and possibilities in the heart of the selected girls across the host communities.

“As an organization, people are an integral part of our sustainability drive, and we are invested in building lasting progress by empowering members of our host communities. We also recognize the need for greater and greener diversity and inclusivity within the tech sector.”

Today’s event is not just about launching a program. It is about igniting a spark of inspiration, hope, and possibilities in the hearts of these young women. It is about challenging stereotypes.”

Also speaking at the event, the Cross Rivers State Commissioner for Science, Innovation & Technology, Justin Beshel represented by Edwin Adie, Technical Senior Advisor, Cross Rivers State Ministry of Science & Technology commended Lafarge Africa for the initiative adding that it is in line with the State government’s plan towards science, technology and innovation development.


Kindly share this post
Continue Reading

E-Financial

Hydrogen, CCHub Partner to Encourage Fintech Startup Success

Published

on

Kindly share this post

As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading Fintech startup, Hydrogen Payment Services Limited (‘Hydrogen’), has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed, ‘Adapting Fintech Business Models to Economic Climes’.

The event, set to take place on Thursday, April 18, 2024, from 12:00 WAT at the CcHub office in Sabo, Lagos, will delve deep into the intricacies of Nigeria’s economic challenges and how these influence the fintech ecosystem.

Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the Fintech space amidst economic uncertainties.

By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in Nigeria’s fintech sector.

“By leveraging Hydrogen’s technological expertise alongside CcHUB’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders, including, Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen, and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in Nigeria’s Fintech landscape amidst economic challenges.


Kindly share this post
Continue Reading

Trending