Etisalat Nigeria Launches Mobile Banking App

APRIL 22,2014.

Etisalat Nigeria has launched an app offering smartphone users access to mobile money and banking services, expanding its mobile banking services for its subscribers.

Available on Android, iOS, Windows Phone and Java operating systems, the app is building on Etisalat’s existing partnership with major banks and mobile money services including GTBank, Zenith Bank, Stanbic Bank, First Bank Nigeria and Paga Payment Network.

With the new app, the network’s subscribers can easily access banking services from their smartphones.

Khalifa Al Forah, Etisalat Group’s chief digital services officer, said: “Etisalat is at the forefront of technology innovation, bringing market relevant and transformational services to its customers across the group markets.

Nigeria currently has a smartphone penetration of over 10 per cent and it expected to reach 40 per cent in the next two years. By enabling people to use their mobile phones to access advanced banking services, we not only hope to deliver lasting benefits to our customers , but also contribute to the socio-economic development of the economies of Nigeria and other countries that we operate in.

The app features an intuitive user interface accessible in English, Hausa, Igbo and Yoruba languages. It has advanced ISO-1 compliant security features which protect users against interception and manipulation by cybercriminals.

Research has shown that m-banking and m-payments can help lower the transaction costs of money transfer, increase the flow of money by making it easier to send smaller amounts as well as introduce efficient tool for secure financial management,” Matthew Willsher, chief executive officer (CEO) of Etisalat Nigeria, said.

We believe the benefits to our customers will be immense and that this has the potential to transform the way we handle and manage money in this country. The mobile phone has already improved African life in so many ways – it’s exciting to think it now has the potential to replace notes and coins and give all of our customers’ access to world-class banking services.”