Africa’s largest remittance market is about to get bigger with the new partnership between eTranzact International and MasterCard. The deal has the potential to open up new remittance corridors, expand the scope of cashless money transfers, extend financial inclusion and support the growth of the economy in Nigeria.
Standard Chartered announced that it has expanded its African coverage of Straight2Bank Wallet, the Bank’s mobile wallet service platform, by launching mobile payment services in Nigeria and adding mobile collections capabilities in Kenya. The Bank launched mobile payment services in Kenya in September 2013.In Nigeria, the Bank has partnered with eTranzact International Plc. to provide mobile payment services through its Straight2Bank Mobile Wallet. This is in line with the Central Bank of Nigeria’s (CBN’s) Financial Inclusion strategy to the unbanked and semi-banked population.The new mobile payment service enables clients such as development organisations, international organisations, non-bank financial institutions, agricultural companies and fast-moving consumer goods (FMCG) companies to make payments to both banked and unbanked individuals such as aid workers, trainers, policy holders, farmers and other beneficiaries.
Omanye Money whose services are largely targeted at the unbanked and under-banked world-wide, has announced the introduction of international mobile money transfer to bank accounts in Nigeria and Ghana. Their customers can now send money from the Omanye mobile site and website wherever they are in the world and users of the eTranzact Mobile Money mobile service (pocketmoni) in Nigeria now have the option of receiving international transfers from Omanye Money customers all over the world.
Western Union and eTranzact International multi-application and multi-channel electronic payment processing launched their mobile money transfer service. Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer® transaction on their mobile phones. Consumers can receive funds from money transfer transactions initiated at westernunion.com transactional websites in 23 countries, or Western Union Agent locations around the world. Subscribers can use PocketMoni, the eTranzact Mobile Money platform, to pay utility and cable television bills, make merchant payments, top-up their mobile phone credits and/or make third party transfers.
WorldRemit international online money transfer and eTranzact International payment processing platform have launched a new online money transfer service that enables the Nigerian diaspora to send money back home using debit cards, credit cards and Interac Online (Canada). This offers instant bank deposits into bank accounts of 19 leading Nigerian banks or cash pick-up from an extensive network of payout locations. The new online money transfer service lets users transfer money 24/7 from their home computer.