Quickteller supports cardless withdrawals for Nigerian mobile money users

Wednesday, January 29, 2014

“Quickteller, a renowned Value Added Service offering from the technology giant now offers mobile money users the opportunity to withdraw cash from their mobile money accounts or “cash out” funds transferred to them, through supported ATMs across the country,” Interswitch said in a statement.

It said the service was designed to specifically address the challenges of mobile money adoption, such as insufficient cash-out locations, “thereby enabling those without bank accounts and bank cards have easier, more convenient and safer access to cash withdrawal”.

The service supports transactions from NGN1,000 (US$6) to NGN20,000 (US$123), in multiples of NGN1,000 (US$6).

Source: Human IPO (link opens in a new window)

digital payments, mobile finance