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Nigerias mobile payment system relaunches

Tuesday 7 August 2018 00:59 CET | News

The Nigeria Inter-Bank Settlement Systems, MTN Nigeria, sixteen banks and major mobile telcos have partnered to relaunch mCash in Nigeria.

Launched in 2016, mCASH is a mobile payment platform for making low-value retail payments designed to extend e-payment options to low-income buyers and sellers who deal in cash.

Currently, Africa is increasingly embracing new ways of payment for retail consumption and transactions, according to IT News Africa.

In November 2016, Nigeria launched mCash as an interbank-based electronic payments solution whose purpose was to bring financial services to every citizen and business in the country.


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Keywords: Nigeria, mobile payments, mCash, Nigeria, bank, merchant
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