Article

  Comment(0)

 
Share:    Email  

Democratisation of money

Ibrahim Apekhade Yusuf

Monday, May 7, 2012 - 09:08

The use of mobile technology such as phones and other electronic channels like point of sales terminals, internet, etc, for money transfer and other transactions have revolutionised the financial service sector in Nigeria.

THREE years ago, it would have been practically impossible to believe that you can get easy access to money anytime, anywhere without necessarily visiting the conventional banks out there. But all that has changed now, thanks to the advent of electronic payment channels offering mobile money transfer. In fact, with this kind of innovative payments, it is absolutely right to say we are beginning to witness democracy of money!”

The above short anecdote is a testimony by  Balogun Adebowale, an upwardly mobile executive who is simply bowled over by what he describes as the fast-pace services of these firms offering mobile money transfer services in the country today. Adebowale is not alone.

Jokojeje Akinpelumi, a real estate consultant, agrees that many people out there have also caught the bug. !

 

 

Read the full story by clicking the link below
http://www.thenationonlineng.net/2011/index.php/business/45520-democratisation-of-money.ht ml
 
Tags: Mobile Money Transfer, Mobile Payments, EMEA, Nigeria, POS, Airtel

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Safaricom cuts MPESA charges by up to 67 percent, days after entr
2.Mobile Commerce Myths: Fact vs. Fiction
3.Is India the Next Big E-commerce Market?
4.Banking Brand Myths: Larger Banks Don’t Care, Smaller Banks Off
5.Consumer Mobile Payment Adoption is Pressuring Banks
6.10 years later: Google’s pivotal IPO launched a decade of big bet
7.Zimbabwe: Econet Offers Telecash Employees Double Salary
8.WorldRemit launches mobile recharge service in Taiwan
9.ABA Survey: More Consumers Embracing Mobile Banking
10.Wearable technology featured at the first Toronto Men’s Fashion

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network