Computer Warehouse Group (CWG) and MTN Nigeria have come together in pursuit of making payment easier for the citizens of the country; the two parties have unveiled the M-Commerce which is in conjuction with MTN XaaS platform.
This comes after the Central Bank of Nigeria (CBN) showed concern over improving the country’s payment systems as well as the service industry, through mobile payment systems.
The Pan African ICT Company, CWG, said that it has seen the growth potential in the payment solutions space in the banking and finance sector in the country.
MTN’s XaaS platform, powered by CWG technology, is a solution made for Microfinance, Savings and Loans, Cooperative and other small scale financial institution and is showing strong penetration in Nigeria market.
CWG partnership with MTN is to jointly create a business model that will set new paradigms for mobile commerce.
MTN XaaS, the mobile commerce and MFB platform with CWG Digital Commerce at its core will enable millions of ‘bank and mobile network customers’ to make cashless payments and settlements through their mobile phones.
The platform also empowers banks and Mobile Money operators to roll out innovative mobile financial services to their numerous customers via mobile telephony, one of which is the just launched MTN Yellow Diamond Account, which offers the 55 million MTN subscribers with the opportunity of financial inclusiveness.
