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Wednesday, August 15, 2007

GloFirst cashcard excites students @ UNILAG

An Automated Teller Machine (ATM) cash card known as GloFirst, designed by First Bank of Nigeria Plc and Globacom Limited, at the weekend attracted lots of excitement and patronage among the students of the University of Lagos (UNILAG).

This is coming as students and staff of the university trooped out in large numbers to watch the Glo Campus Storm, thus embracing the product.

The event which held at the car park of the university’s Sports Centre, saw the students who queued up to get the GloFirst card expressed joy that Globacom, since inception in 2003, has continued to delight Nigerians with innovative products.

One of the excited students, and a year one student of the Department of English Language, Martins Odekunle, said that he found the product very fascinating especially as he did not have to open an account with the bank to enjoy the service.

“This GloFirst cash card is one innovation that has distinguished Globacom from any other network. I subscribed to the Glo M-Banking and I enjoy the facility. The Glo First cash card has come to make life easy for students as any of us using it can safely put his money in the card and get cash at any ATM machine. I think this is nice”, he said.

Another student from the Faculty of Agriculture, Tobechukwu Andy, said “the GloFirst card will help reduce the high incidence of theft in the hostel and I think every student should embrace the card and use it because it is far safer than carrying physical cash around or keeping cash in the hostel”.

Officials of Globacom, explained that GloFirst is a pre-paid debit card, which allows users who do not have bank accounts to perform electronic transactions like bank account holders and debit card users via the Glo Mobile network.

This service has been widely commended because this is the first time non-bank account holders will be able to use a payment card.

Unlike existing debit cards in the market, GloFirst is available to both bank account holders and the non-banking public.

The new product, Glo officials said, is a boost to the country’s electronic payment system that could be used for a variety of transactions, including withdrawing cash from Automated Teller Machines (ATMs) and day-to-day purchase transactions in outlets with point-of-sale terminals (POS).

According to Globacom’s sources, through Glo M-Banking, GloFirst users could have swift and easy access to their bank accounts from their mobile phones and perform certain transactions such as checking account balances, transferring funds and ordering cheque-books.

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