Blog, News

MTN partners Telcos, banks to re-launch NIBSS mCASH

MTN Nigeria, along with sixteen banks and mobile telecommunication companies (telcos), have joined with the Nigeria Inter-Bank Settlement System in the re-launch of mCASH. The event was held in Lagos.
mCASH, is a mobile payment system for making low-value retail payments, designed to extend e-payment options to low-income consumers and sellers who deal in cash. The cashless initiative was first launched in 2016. Speaking, MTN Nigeria CEO, Ferdi Moolman, represented by the General Manager, Mobile Financial Services, MTN, Mr. Usoro Usoro, at the re-launch of the platform in Lagos described the initiative as the outcome of what can be achieved when organisations work together for a common goal, to serve. “It’s incredible how much the world has changed and continues to evolve with new ideas and technologies. Today, Africa is increasingly embracing new ways of payment for retail consumption and transactions.” The Managing Director and Chief Executive Officer, NIBSS, Mr. Adebisi Shonubi, said mCASH initiative was borne out of the need to enhance financial inclusion in Nigeria.
MTN-Office

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