Nigeria’s mobile banking shake-up

Nigerian mobile banking is set for a facelift following First Bank Nigeria and Airtel agreeing to join forces to develop a unified mobile money service to millions of local users.

Rajan Swaroop, Managing Director/Chief Executive Officer for Airtel Nigeria and Inusa Bello, Chief Sales Officer for Airtel Nigeria (image source: file photo)

Both companies, on Monday at a press conference following the signing of the new deal, said users should have secure, convenient and user-friendly services through their mobile phones.

In recent months, the Nigerian government, operators and the banking sector have pushed efforts to improve the national banking sector.

Rajan Swaroop, Airtel Nigeria CEO and MD, said, “Partnering First Bank to bring mobile financial services to all corners of country further demonstrates Airtel’s commitment to Nigeria and supports the concept of borderless mobile telecoms services across the country”.

Swaroop added, “We are excited to partner with one of the biggest financial institutions in the country. This partnership will, without a doubt, assist us in realising our vision of empowering more Nigerians with innovative and affordable mobile financial services. At Airtel Nigeria, we are committed to creating value propositions that will delight, enrich and benefit our customers regardless of their income level and location”.

Joseph Mayton