Glo Mobile Introduces Mobile Money- making depositing and withdrawing from your bank mobile

Following the advent of the computer systems, the use of paper documents drastically reduced in vaarious commercial places of the world just as the use of credit cards, to some extents; has reduced the stress and risk of carrying huge cash around. The use of Mobile Money may soon become the order of the day in Nigeria commercial industries.

According to the source page in gloworld.com, Glo Mobile official website; the Nigeria's leading telecommunications company, Glo Mobile, on Friday, August 26, signed a memorandum of understanding (MoU), with Afripay Ltd, a member of the UBA Group, which has obtained a Mobile Money License from the Central Bank of Nigeria, in preparation for the commercial launch of Nigeria's first Mobile Money Services.

This will enable mobile subscribers open mobile money account to store Electronic Value (EValue) of money easily on their mobile phones; using their mobile numbers as their account numbers.

Further more, each subscriber that has activated the Mobile Money service on their phones can also transfer money to any mobile number, initiate and complete transaction like payment of goods as well as buy airtime top-up for themselves and others!

With the partnership of the duo; Glo Mobile, a giant telecommunications company in Nigeria and UBA, another giant in the banking sector in the country; the U-Mo product is certain to be made available in the remotest parts of the country, from the smallest villages and local markets to the largest towns in Nigeria.

"Your mobile phone may now become your wallet!"

During the signing ceremony, Glo also launched it's television commercial on Glo Text Cash, the platform on which the UBA's U-Mo will run. The commercial emphasized that the service will be available pan- Nigeria to all segments of the society. This product can be accessed by all Glo subscribers after registration and dialing

*866#

for USSD or by downloading the menu through a link provided by Afripay for Java application, upon registration.

Existing Glo subscribers and new ones can perform various operations including: Deposit/Cash-In; Withdrawal/Cash-Out; Transfer from mobile to mobile; Buy Airtime credit for self or for others and Bill Payment. Others are Account maintenance including balance enquiries, last transactions and mini-statement. It will also enable customers to request for PIN change. Other lifestyle changing products and
remittances will be introduced with time.

Wonder what info to provide? Because it is designed to encourage the savings ulture amongst the population wider than the currently banked, it requires fewer information to register for the services on mobile phone, a development regarded as a big boost for Glo subscribers all over the country.

Agents have been trained in urban and rural areas to serve customers on behalf of UBA/Afri-Pay. Visit any Glo Mobile outlet, Glo Zones or UBA branches for details.

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