Uncategorized

MoMo Agent, the Y’ello Mobile Money, goes shopping for customers

by Editor2
94 views 1 minutes read

From September 26 through September 28, 2019, officials of the Y’ello Digital Financial Services (YDFS), a subsidiary of leading telecommunications company, MTN Nigeria, were at select markets in Lagos and Port Harcourt to introduce the MoMo Agent to traders and shoppers.

Officially launched in Abuja on August 29, 2019, MoMo Agent aims to support the Central Bank of Nigeria’s drive for financial inclusion, by providing safe and accessible money transfer to millions of underbanked and unbanked Nigerians.

The markets visited were the Igando, Ikotun and Iyana Ipaja markets in Lagos and the Mile One market in Port Harcourt, Rivers State. Traders left their businesses to have a firsthand feel of how MoMo Agent works. In Mile One, the reception was such that not even the rain could stop them.

Also, at Mile One market, the audience were treated to a dance and drama performance, choreographed to demonstrate how to use MoMo Agent.

At Igando, Nollywood sensation, Sanyeri Afonja, made a surprise appearance.

Interested traders were signed up as MoMo Agents. There were live demonstrations of how the financial service works, with customers conducting on-the-spot transactions, and rewarded with gifts such as home appliances, branded stationery, among others.

At Mile One market, YDFS Director, Usoro Usoro, emphasised on how the MoMo Agent service opens up a host of opportunities for everyone, through the creation of employment and facilitating business in rural and urban areas across Nigeria’s 774 local government areas.

Speaking on the advantages of MoMo Agent in Igando, Cyril Ilok, Chief Risk and Compliance Officer at MTN Nigeria, described MoMo Agent as “quick and instant regardless of the city in Nigeria where the recipient is located.”

In the coming weeks, the YDFS team will be in Kano, Ibadan and Owerri.

You may also like

2 Chinese Companies owing over ₦15bn on VAT — Reps

P+ launches advanced media intelligence report

Ebunoluwa Oduwole becomes 1st female VC of Ajayi Crowther University

Sahara Group hosts Asharami Square 2.0 to champion gas dialogue...

Prof Emelonye urges NHRC to enforce accountability for maternal mortality...

Akwa Ibom Gov, Umo Eno, dumps PDP for APC

The restless run of Poblisha’s creative instincts (Musing on Toyin...

We are all mad here — Uzor Maxim Uzoatu

Pope Leo XIV elected: Cardinal Robert Prevost chosen as first...

Record-breaking teenager Gout smashes 20-second barrier in 200m win

Leave a Comment

Save my name, email, and website in this browser for the next time I comment.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.