culled from: http://www.tribune.com.ng
Mr Adewale Sangowanwa, Executive Human Resources, Globacom has said the objective of the partnership with the banking firms on its mobile money service "is to join hands with the foremost banks so that their mobile money initiatives could cater for subscribers across Glo mobile network who have no access to banking service.
Globacom, last week, signed a partnership with United Bank for Africa (UBA) and IBTC to launch the first mobile service in Nigeria tagged "Glo Txtcash".
The product enables subscribers to use mobile numbers to store electronic value of money with ease.
Mr Sangowanwa said with the service, subscribers on the network with the widest geographical coverage in the whole of Nigeria could transfer money to any mobile number, spend the money directly from their mobile accounts to pay for goods and services as well as buy airtime top-up for themselves and for others.
According to him, Glo Txtcash will ensure that people will no longer carry a wallet and a mobile phone at the same time, underscoring the convenience and the safety of the service
He said the service, launched initially with UBA and IBTC, was available in every part of Nigeria giving the unbanked the opportunity to join the wagon of banking.
He said Glo Txtcash can be accessed by all Glo subscribers after registration by texting *866# for U-Mo (UBA) and *909# for IBTC mobile money.
Existing and new subscribers can perform various operations including deposit/Cash-in; withdrawal/ chash-out; transfer from mobile to mobile; airtime purchase and bills payment.
They can also enjoy account maintenance, balance enquiries, last transaction and mini statement as well as request for PIN change.
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