The Glo Xchange platform was launched by Globacom, in partnership with three licensed mobile money operators, FirstMonie, Ecobank and Stanbic IBTC, in Lagos, on Thursday.
This initiative is aim at making mobile money transactions seamlessly easy and available to the masses. it would provide the three partner banks with the telecoms company’s extensive network of 150 Glo World & Glo Zone shops, over 35,000 Glo dealer and sub dealer outlets and over 400 Con Oil filling stations across the country.
Glo Xchange will enable the three banks’ current and potential customers to carry out transactions under the three key areas of banking transactions which are; deposits, withdrawals and transfers”. Glo agents will serve the entire bank’s mobile money customers and Glo mobile subscribers whether they have bank account or not.
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, in a statement personally signed on the launch of the platform, said the initiative marked the beginning of the deeper collaboration between the financial industry and the telecommunications sector and congratulated Globacom for launching the first mobile money super agent network in Nigeria, saying it was a win-win situation for all stakeholders.
Head of Corporate Sales, Mr. Kamaldeen Shonibare Shonibare said;
The partnering banks and Globacom would collaborate to ensure that mobile money reached the critical mass of the people across the country, leveraging on the parties’ extensive retail market experience and customer-base to build an unprecedented mobile money distribution chain across Nigeria.
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