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Monday, July 02, 2012

Glo partners 6 banks on Verve M-PIN


IN supporting the federal government’s cashless policy, Globacom recently launched a robust mobile banking product - Verve M-PIN powered by Glo Txt Cash.

The Executive Director, Globacom, Mr Adewale Sangowawa at the launch of the product in Lagos, disclosed that Globacom was partnering some major financial institutions in the country in a bid to give more value to over 20 million subscribers who will now enjoy seamless financial transactions.

The banks include Fidelity Bank, First City Monument Bank, Mainstreet Bank, Stanbic IBTC, Sterling Bank, Wema Bank and Interswitch.

He said Verve M-PIN would offer subscribers, especially those who do not have bank accounts, a more convenient, secure and fast way of settling bills and making payments for goods and services. He said that mobile money service is a win-win proposition for customers, financial institutions and mobile operators, and encouraged Nigerians to take advantage of the values inherent in the Verve M-PIN product.

“With this product, customers will enjoy seamless financial transactions provided by our partnering banks on the Globacom platform to pay for bills like DSTV, LCC, PHCN, Startimes, Airline tickets, hotel bills, bank transfers and Glo airtime top-up for pre-paid and post-paid services…,” Mr Sangowawa noted.

He also revealed that the Verve M–PIN would enable customers to use mobile channels to perform tasks on the web, Automated Teller Machines or Point of Sale which would be powered by the super-fast submarine Glo 1 cable that offers robust internet broadband services.

Remmy Nweke
ITREALMS Online ... delivering news for ICT4D

2 comments:

Unknown said...

Wow looks like this Verve M-Pin will give IBM and other dell pos a run for their money with its state-of-the-art link with mobile technology. I wonder if this can be an app that can be possible embedded with some generic pos systems though? Can you concur? Cheers!

Xander Lawson said...

That remains to be seen Darby. Still, I am curious just how well Verve will stand up to already established epos software.