Glo Xchange Rolls Out Super Agent Mobile Money Network in Nigeria

Wednesday, September 9, 2015

Globacom will from today commercially roll out Glo Xchange super agents’ network that will drive mobile money implementation across Nigeria in partnership with four leading deposit money banks, bringing 80 million unbanked Nigerians into the formal financial sector.

Glo Xchange business is a mobile money service in conjunction with four of Africa’s biggest banks, Zenith Bank, Stanbic IBTC, First Bank and Ecobank Bank.

The Glo Xchange network will create the much anticipated convergence of all financial services to mobile phones, immediately bringing about a paradigm shift in the way we conduct day-to-day business

It will ensure that simple transactions, like sending money to parents in far off villages, paying for groceries, paying children’s school fees, paying utility, medical, hotel and travel bills, are done through the mobile phone.

Globacom had on August 14, 2014, launched Glo Xchange mobile money super agents network and begun an aggressive drive to recruit mobile money agents, going from city to city, from region to region with thousands of Nigerian – big, small and medium scale – businessmen and women registered for the scheme.

Speaking yesterday at the media launch of the network, group chief operating officer of Globacom, represented by Mr Ebenezer Kolawole, coordinator of Glo World, said that, without wasting time, they had begun recruiting and training hundreds of the agents at the town hall meetings.

“Even after that, we did not rush to commence the service; we made sure the agents were thoroughly trained, well equipped with all the materials they would need for the operation, and their business premises were well-branded. After that, we carried out pilot operations at Gloworld shops, Glo Zones and at other outlets to test-run the service.”

 

Source: Leadership (link opens in a new window)

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banking, financial inclusion, mobile money