In furtherance of the Cashless Initiative of the Central Bank of
Diamond Y'elloAccount is a mobile banking product built on MTN Xaas platform to enable MTN subscribers, including the unbanked and under-banked populace in
During the launch of this innovative service, the Managing Director and Chief Executive Officer of
He noted that the development would afford millions of Nigerians who have mobile phones but are alienated from banking activities due to procedures to seamlessly key into the formal banking system.
The Chief Technology Officer of
He stated that, "This technology and many others in the pipeline, which include our SMERP platform, our PosApp solution and our teleport services all form part of the CWG 2.0 initiative where CWG is working with several partners to deploy solutions and services to the wider MSME and consumer markets."
Also speaking at the launch, Managing Director and Chief Executive Officer of MTN Nigeria, Mr. Michael Ikpoki, said the telecommunications outfit was ready to absorb the anticipated surge into her digital solutions, allaying fears of disruptions.
It will be recalled that during the MTNXaas launch in 2012, the Founder and Chief Executive Officer of
"This is the beginning of so many innovations we are going to unveil; we are going to look at Hospitals, Hotels, Insurance and all those who are locked out of being able to provide competitive services due to IT deficiency and develop suitable technology that will enhance their business growth. CWG and MTN will break the barrier," he said.
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