MTN subsidiary takes MoMo agent to Ibadan


 
MTN subsidiary, Y’ello Digital Financial Services Ltd penultimate week took to Bodija Market in the ancient city of Ibadan, Oyo state for the launch of Momo Agent service.
 
It would be recalled that MoMo Agent was officially launched in Abuja on August 29, 2019. The service aims to support the Central Bank of Nigeria’s drive for financial inclusion in Nigeria, by providing safe and accessible money transfer service to millions of unbanked Nigerians.
 
Describing the complementary function of the MoMo Agentto traditional banks, the Senior Manager, Mobile Financial Services, MTN Nigeria, Tajudeen Omokhide, said the concern has always been on how to serve Nigeria’s unbanked and bring them into the financial system.
 
“The concern has been how do we reach these people and get them included in the financial ecosystem? It is for this reason I believe that the CBN is licensing companies like ours to assist in delivering financial services,” Omokhide said.
 
Also speaking, Abiodun Odelola, who is the Segment Manager, Mobile Financial Services, MTN Nigeria, said the unavailability of bank branches and Automated Teller Machine (ATM) spread across the country, has made it increasingly difficult for total financial inclusion. He said it was for this reason that the YDFS introduced the MoMo Agent service.
 
In his remarks, the Chairman of Bodija Market, Alhaji Lamidi Musedeeq Adebukola, thanked the YDFS for launching the MoMo Agent in the market. According to him, he said he was of the belief that the financial service would make life and business transactions easier for the hundreds of traders and customers that daily patronise the booming market.

Leave a Reply