MTN Nigeria pledges support for mCash

18 November 2016

Money Transfer

Telecommunications giant, MTN Nigeria has thrown its weight behind a new cashless initiative, mCASH, launched recently by the Nigeria Inter-Bank Settlement System Plc, NIBSS.

The platform is a mobile payment system for making low-value retail payments, and is designed to extend e-payment options to low income buyers and sellers who typically deal in cash.

Speaking at the platform in Lagos recently, General Manager, Mobile Financial Services, MTN Nigeria, Mr Usoro Usoro, described the initiative as a welcome development that would make payment for goods and services easy and convenient for virtually everyone.

In his words, he said, “This intervention is commendable, and it is something we have long anticipated, a payment solution like this will no doubt drive inclusion in the new digital world. In this age of technological advancement, we have seen a stronger connection between our mobile phones and our bank accounts.

At MTN Nigeria, we believe in this new initiative and its ability to enable seamless transactions. The competition is cash and we believe that cash is overripe for disruption, an initiative like mCASH will certainly help us embrace a cashless economy where cash is efficiently disrupted, “he concluded.

Source: The Torrent 16 November 2016