Last week, Airtel and Access Bank Plc launched Access Money Service at Eko Hotel & Suites, Victoria Island, Lagos, Nigeria. This comes after a successful partnership between the two companies.
Access Money, a mobile money service, will enable its customers to execute financial transactions using their mobile phones. The two companies assured their customers of safe and immediate financial transactions from their mobile phones.
“Through Access Money, we will be providing financial access to more and more people and small businesses,” said Mr. Herbert Wigwe, Group Managing Director of Access Bank. Access Money service will enable its clients to receive money in any part of the country through agents. The Group Managing Director of Access Bank, further noted that, Access Money will make it easy for government to receive taxes and deliver welfare payments.
Airtel Nigeria, one of the leading telecommunication company in Nigeria, will control the financial transactions through its mobile networks. In his support for the mobile money service, the Managing Director and CEO, Airtel Nigeria, Mr. Segun Ogusanya said, “we are indeed proud of our partnership with Access Bank and hope that many Nigerians will take advantage of this product. Shortly before this statement, Mr. Segun Ogusanya had stated that, Access Money will be the mobile money service to allow financial inclusion for the Nigerian population.
At the launch, a summary on how Access Money works was given. The summary stated that, customers can deposit money into Access Money accounts through authorized agents or any Access Bank, driven by Airtel wallet. Access Money will support the 2020’s 80% financial inclusion goal for Central Bank of Nigeria.
In their comments, Mr. Segun Ogusanya and Mr. Herbet Wigwe, said that the partnership between the two companies was strategic; and Access Money will create an easier channel for financial aid distribution, respectively.
