Globacom’s mobile money service, which runs on the network’s TextCash platform, has been described as the veritable tool to fast-track the implementation of the Central Bank of Nigeria (CBN)’s cash-less policy.
Making a presentation to members of the Pharmaceutical Society of Nigeria (PSN)’s 2014 Annual Luncheon held at the Sheraton Hotel in Ikeja, Lagos recently, Globacom’s head of Mobile Money, Mr. Esaie Diei said that Glo partnered with the PSN to facilitate the Society members’ adoption of the tradition of doing business on the move and without cash, which is what the cash-less policy is all about.
He noted that mobile money would help PSN members’ businesses to grow and expand as they use the mobile money platform to transfer money, pay bills, pay customers, receive payments and monitor their businesses or personal accounts.
“Mobile money makes financial transactions easy and quick, real time and truly mobile in a fast moving economic environment like Nigeria,” he said.
Mobile money was one of the two products presented at the event, which Globacom co-sponsored. The other product on centre stage on the day was the Glo SME Booster.
Also speaking, Globacom’s Head of Public Sector Department, Mr. David Ehikhuemen, said that the SME Booster, which is a Closed User Group (CUG) product, allows the user to make unlimited calls free of charge, to anybody that belongs to both his own Close User Group and any other Close User Group.
“For instance, if Mr. ‘A’ belongs to company ‘X’ SME Booster User Group, he can call all other members of that user group free of charge and also be able to call any other number free of charge, as long as that number belongs to a Closed User Group. All these for a monthly access fee of only N1,000,” he explained. He added that this has significantly widened the opportunities for those who subscribe to any CUG on the Glo network.
The Chairman of PSN, Lagos State branch, Mr. Olabowale Gbenga, commended Globacom’s initiative in helping its members to expand in their businesses and change the way they do business. He also commended the telecommunication company for supporting this year’s luncheon as sponsor.