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Glo launches banking payment platform

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 Globacom one of Nigeria s telecom industry transformational leader has launched a banking payment service platform called MoneyMaster PSB to serve the unbanked and underbanked In statement on Friday Glo said the aim was to empower Nigerians by providing them with unlimited opportunities MoneyMaster will be leveraging on Globacom s pan Nigerian spread and pervasive agents footprint in the rural and urban areas as it begins its massive rollout To open an account all the customer needs to do is dial 995 then follow the prompts from a Glo line or from any other telecommunications network as MoneyMaster PSB is network agnostic MoneyMaster PSB is poised to redefine the payment service banks landscape while driving financial inclusion in Nigeria it said According to Glo one key features of MoneyMaster product is that the customer s phone number will be used as his or her account number Glo said that the company was grateful to the CBN for the opportunity to deepen financial inclusion in Nigeria using its cutting edge technology and vast network It said the platform became necessary because there were 133 5 million bank accounts in Nigeria as of December 2021 according to figures released by the Nigeria Inter Bank Settlement System NIBSS with only 54 million BVNs registered as of April 10 2022 Glo said that PSB commenced commercial operations on May 30 2022 while MoneyMaster PSB was granted a payment service bank license by the CBN on Aug 27 2020 It said that the key feature of MoneyMaster product was that the customer s phone number would be used as his or her account number NewsSourceCredit NAN
Glo launches banking payment platform

Globacom, one of Nigeria”s telecom industry transformational leader, has launched a banking payment service platform called, MoneyMaster PSB, to serve the unbanked and underbanked
In statement  on Friday, Glo, said  the aim was to empower Nigerians by providing them with unlimited opportunities.

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‘’MoneyMaster will be leveraging on Globacom’s pan-Nigerian spread and pervasive agents’ footprint in the rural and urban areas as it begins its massive rollout.

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MoneyMaster PSB

‘’To open an account, all the customer needs to do is dial *995# then follow the prompts from a Glo line or from any other telecommunications network as MoneyMaster PSB is network agnostic.

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MoneyMaster PSB

‘’MoneyMaster PSB is poised to redefine the payment service banks’ landscape while driving financial inclusion in Nigeria,’’ it said.

According to Glo, one key features of MoneyMaster product is that the customer’s phone number will be used as his or her account number.

Glo said that the company  was grateful to the CBN for the opportunity to deepen financial inclusion in Nigeria, using its cutting edge technology and vast network.

Nigeria Inter-Bank Settlement System

It said the platform became necessary because there were 133.5 million bank accounts in Nigeria as of December 2021, according to  figures released by the Nigeria Inter-Bank Settlement System (NIBSS), with only 54 million BVNs registered as of April 10, 2022.

MoneyMaster PSB

Glo  said that PSB commenced commercial operations on May 30, 2022, while MoneyMaster PSB was granted a payment service bank license by the CBN on Aug. 27, 2020.
It said that the key feature of MoneyMaster product was that the customer’s phone number would be used as his or her account number.

NewsSourceCredit: NAN

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