MTN Nigeria launches new banking software

In an ambitious effort aimed at boosting both customer service and banking, MTN Nigeria has launched new software to assist small and medium sized banks in the West African country in order to compete on a national level.

MTN Nigeria launches new banking software. (Image: file)

The aim of the new service platform is to encourage growth within micro-finance banking in the country, as well as improve overall customer service within the telecom sector.

According to MTN, the new software platform “could save microfinance banks up to 70 percent of the traditional costs involved in procuring, hosting and implementing typical banking software.”

The company said that the new software was developed by Computer Warehouse Group (CWG) and will be run by MTN Business, the business-to-business division of MTN Nigeria.

The mobile operator added that “MTN XaaS Micro-banking software has been designed to enable micro-finance banks (MFBs) to carry out banking operations without having to pay much in licensing, storage and implementation costs.”

Babatunde Osho, Chief Enterprise Solutions Officer for MTN Nigeria said MTN XaaS Micro-banking software was “one of a number of cloud services MTN Business will launching in Nigeria.”

David Eto