30 results
- 29 Oct 2017
Drop in Mobile Money Agent Outlets Worries Stakeholders
by Chike onwuegbuchi The number of Mobile money agent networks has continued to witness drop in the past one year and stakeholders are not happy about it. According to IMF Data: Eight Annual…
- 30 Jun 2023
Mobile Money Agents Explains Recent Hike in PoS Charges
Mobile Money Agents, under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), said the recent increase in Point of Sales (PoS) transaction charges is a reflection of…
- 16 Aug 2020
Mobile Money & Banking Agents Decry Poor Providers’ Strategy, Agents Turnover
Stakeholders in the mobile money and banking agency network ecosystem have decried what they described as poor providers strategy and high rate of agents turnover which according to them are working…
- 26 Apr 2019
First Bank’s Mobile Money Agents Process over $490m Transactions Monthly
First Bank of Nigeria has said that its efforts to deepen financial inclusion in Nigeria has grown its network of mobile money agents to over 22,000 agents. The bank also said the agents had…
- 13 Sept 2020
Mobile Money Agents Decry High Rate of Decline PoS Transactions in August
Mobile money and banking agents at the hinterland have decried high rate of decline transactions they experienced last month compared to other months. Some of the agents that spoke with Nigeria…
- 23 Oct 2015
CBN to License Super Mobile Money Agents
Central Bank of Nigeria (CBN), has disclosed that a framework to license super agents mobile money operators is on its final stage. However, three major telecommunications firm in the country have…
- 28 Jul 2020
AMMBAN Decries Illegal Taxes on Mobile Money & Bank Agents by Local Govt. Councils
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has frowned at intimidation, disruptions and molestation of its members across the country by local government councils/LCDAs officials…
- 27 Jun 2023
PalmPay Celebrates 25M User Milestone in Nigeria, 800,000 Mobile Money Agents
PalmPay, a pioneering Africa-focused fintech platform, today celebrates a significant landmark in its journey, marking 25 million users on its smartphone app and an extensive network of 500,000…
- 30 Jul 2017
Agents, Logistics Hobble Banks’ Mobile Money Operations
Managing mobile money agents’ networks and logistic issues have conspired to frustrate money deposit banks from making progree in the mobile money operations in the country, according to experts who…
- 15 Aug 2013
NOI Polls Blames MM Agents for Slow Uptake of Mobile Money
Mobile Money Agents (MMA) have been rated low in the awareness creation index for the all important mobile money service scheme, as respondents to NOI Polls believed banks outperform the MMA in that…
- 9 Apr 2021
How to Withdraw Money with ‘MoMo Agent Cardless Withdrawal’ without Going to an ATM
Have you been in a situation where you urgently need cash but do not have your debit card with you? Perhaps you have your debit card but there is no ATM in sight or you want to send money to someone…
- 30 Oct 2014
Glo Recruits over 2000 Agents for Mobile Money
Globacom, telecoms service provider, has rounded off Town Hall trainings for prospective Glo Xchange agents with sessions in Sokoto, Katsina, Ekiti and Ebonyi States, bringing the total number…
- 14 Dec 2015
MNOs to Get Super-Agent Role in Mobile Money Ecosystem
Contrary to speculations making the rounds that Central Bank of Nigeria (CBN) is planning to license Mobile Network Operators (MNOs) to operate Mobile Money business. They will be given…
- 10 Aug 2018
Mobile Money Firm Hires Payment Agents
Fets Limted is recruiting additional payment agents, starting from this week. The recruitment drive is the result of the expansion of mobile money in Nigeria, as well as the growth of fets into one…
- 11 May 2018
AMMAN Picks Holes in Shared Network Initiative of Banks
Association of Mobile Money Agents in Nigeria (AMMAN) has pick holes in the Central bank of Nigeria (CBN) and money deposit banks’ recently launched Shared Agent Network initiative, saying that…
- 26 May 2024
AMMBAN Decries Mandatory CAC Registration of POS Agents
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has decried the directive coming from the Corporate Affairs Commission mandating all Point Of Sale (POS) agents to register with the…
- 20 Nov 2022
AMMBAN Blames Operators for Proliferation of Unlicensed POS Agents
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has blamed operators in the financial services ecosystem for the proliferation of unlicensed point of sale terminal (POS) agents…
- 14 May 2019
AMMAN, Ecosa Partner to Bridge Knowledge Gap Among Financial Inclusion Agents
The Association of Mobile Money Agents in Nigeria (AMMAN) in collaboration with Ecosa Hybrid Network organized a capacity building workshop with the aim of bridging the knowledge gap amongst…
- 21 Aug 2014
Mobile Money Platform Gets Boost with Glo Xchange
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.…
- 20 Mar 2022
AMMBAN Seeks Enforcement of CBN Guidelines in Tackling Abuses of Agency Banking
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has called for more cohesive collaboration among stakeholders in the mobile money and agency banking sector in a bid to sanitize…
- 10 Dec 2024
AMMBAN Seeks Review of 5 Percent Charge Imposed on PoS Agents
Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has appealed to the Central Bank of Nigeria (CBN) and the Office of the Vice President, Kashim Shettima, to review the five per cent…
- 3 Mar 2016
Ericsson ConsumerLab Report Shows 63% Sub-Sahara Africans Are Unbanked
Ericsson ConsumerLab's study of five countries in Sub-Saharan Africa (SSA) reveals that 63% of the population are unbanked, and 52% use mobile money through agents. According to…
- 22 Oct 2014
Glo Xchange Agents Hail Empowerment Scheme
The number of mobile money agents around the country has continued to swell as the Glo Xchange train moved to Imo, Benue, Niger, Plateau and Kogi over the weekend. In the new locations, participants…
- 10 Sept 2015
Mobile Money Operators rally Support for Glo Xchange
Banks and mobile money operators partnering with Globacom for the implementation of a seamless mobile money service in the country have commended the telecom operator for its commitment to driving…
- 13 Sept 2012
One Network Oils Machine for Mobile Money Service
One Network, an industry-focused organisation, recognised by the Central Bank of Nigeria (CBN) as agent manager, providing agent locations for mobile money operators across the country said it is set…
- 11 Apr 2016
Redundant MM Agents Hobble Penetration- Experts
Emmanuel Okoegwale, Principal Associate, Mobilemoney Africa, has said that large number of redundant mobile money agents is a major challenge of the industry. He said this as…
- 3 Feb 2019
AMMAN, Others Seek Review PoS Guideline for Agent Business
Electronic payment stakeholders have urged central bank of Nigeria (CBN) to urgently review its guideline on the use of point of sale (PoS) terminal in the country. The present CBN guideline…
- 19 Nov 2021
AMMBAN to Unveil Task Force on PoS Operators' Activities
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), said it has concluded plans to set up a task force to regulate Point Of Sale terminal (PoS) activities in order to check…
- 22 Sept 2013
CBN May Allow Telcos to Drive MM Adoption
Central Bank of Nigeria (CBN) may rescind its decision and allow telecoms operators drive the mobile money payment scheme to give fresh impetus to the initiative which has crawled since introduction…
- 27 Aug 2014
Experts Extol Glo Xchange as a Boost to Nigerian Economy
Two of Nigeria’s foremost financial analysts have applauded Nigeria’s biggest Mobile Money Agent Network, Glo Xchange, recently launched by Globacom, the country’s national telecom carrier. Glo…