MTN Nigeria has launched a mobile money transfer service to provide financial services across the country.
MTN Nigeria to financial operations through MoMo agents
Nigeria’s central bank is targeting 80% financial inclusion by 2020.
At the launching ceremony on Thursday, August 29th in Abuja, MTN Nigeria said it is going to deepen financial inclusion with the launch of MoMo Agent in Abuja and other parts of the northern states.
With this move, MTN Nigeria will be targeting about 36.6 million Nigerian adults, representing about 36.8% of the Nigerian adult population who do not have access to formal financial services, according to Enhancing Financial Innovation and Access (EFInA).
Usoro Usoro, General Manager, Mobile Financial Services, said the launch of MoMo service in Nigeria was part of the company’s strategic plan to drive financial inclusion and reduce poverty level.