The CWG said it took the decision in furtherance of the cashless initiative of the Central Bank of
MTN XaaS runs on indigenous software from CWG designed to provide efficient cloud-based banking services. Diamond Y'elloAccount is a mobile banking product built on MTNXaas platform to enable MTN subscribers, including the unbanked and under-banked populace in
The Diamond Y'elloAccount allows automatic account opening by all MTN subscribers, and presently put at 58.4 million.
During the introduction of the service in
Otti noted that the development would afford millions of Nigerians who have mobile phones, but are separated from banking activities due to procedures, to effortlessly key into the formal banking system.
The Chief Technology Officer of
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