Published On: Tue, Feb 28th, 2017

Rural Nigerians now to enjoy banking services

Mobile moneyLAGOS, (CAJ News) – NIGERIAN rural dwellers and plans by the Central Bank of Nigeria to expand its cashless policy have received a major boost with the introduction of a new mobile money service in Kaduna.
M Cash is the brainchild of frontline banking agency, Bizi Mobile.
Managing Director and Chief Executive Officer of Bizi Mobile, Alhaji Aminu Bizi, said M Mobile would go a long way in reducing the suffering of rural folk where there were no banks, as they would be provided with an alternative way of doing cash transactions.
The services will be provided through a synergy with Unity Bank.
“Even people without bank accounts can receive money from abroad through the use of reference numbers,” Bizi added.
Meanwhile, Bizi Mobile has been exhibiting at the Kaduna International Trade Fair, which Deputy Kaduna Governor Barnabas Bala Bantex opened on Saturday.
Bizi said his agency’s presence at the fair was to use the opportunity of visitors from all over the country to create awareness of the need to embrace the cashless policy of the central bank.
“We would be promoting the cashless policy which is coming into introduction from April 1, 2017. We will also teach people how to transfer money with their phones or other mobile devices from the comfort of their homes.”
In Nigeria, over 40 percent of the 185 million population, mostly rural, is unbanked.
CAJ News

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