Western Union has partnered with an African payment processing specialist, eTranzact, to launch a mobile money service in Nigeria.

The US-based company believes the facility will help boost financial inclusion and provide a more convenient means of money transfer for Nigerians, and the entire Africa.

Nigeria mobile phone penetration rate stands at 70.64 percent, as of June 2013, according to figures provided by Informa’s World Cellular Information Service.

In contrast, just 21 percent of the country’s population has a bank account, according to the World Bank.

The financial service company hopes to bridge this divide by providing users with a mobile platform to pay bills, purchase merchandizes online, top up mobile credit and make third party transfers.

“We are very pleased to launch our new relationship with eTranzact to increase the number of access points for consumers to use our services worldwide, facilitate financial inclusion, and provide convenient mobile solutions for those who want new methods for money transfer transactions,” said Aida Diarra, Vice President for North, Central and West Africa at Western Union.

The global money transfer service embarked on a recent multichannel approach, after being criticized by stakeholders for it’s over reliance on an agent model in providing financial services.

Amongst its recent strategies is the partnership with eTranzact: the collaboration allows customers of the eTranzact Mobile Money platform, PocketMoni, to interact with Western Union on their mobile phones, receiving Western Union mobile money transfer from 23 ‘sender’ countries around the world.

“We are excited to work with Western Union and leverage the power of their global network on behalf of consumers across Nigeria,” said Valentine Obi, chief executive at eTranzact.

PocketMoni is a mobile payment solution designed to allow users conduct financial transactions anytime, anywhere, from your phone.


http://www.naijaolofofo.com/western-union-launches-mobile-money-service-in-nigeria/

Awon yahoo yahoo boys ati lau-lau boys, take note


They just made your jobs easier

pdude.. u dey mad oo.. No wahala.. God dey.




Back to Topic..

Well, scamming just got easier..

Nice one, but will soon be misused.

iamswizz: .

I beat you to it

dancing azonto wit alingo

Why is it still not possible to send money through western union from Nigeria but one can only receive in Nigeria? Or has that changed?

I think that should be the 1st thing Western Union and the likes of Moneygram should address.

dat devil is a muslim!! ....see easy scampicioulism abeg

Nice developments buh I knw my pipo n ma pipo knws me...jez saying oo

OAM4J: Why is it still not possible to send money through western union from Nigeria but one can only receive in Nigeria? Or has that changed?

I think that should be the 1st thing Western Union and the likes of Moneygram should address.

Cos it is a service that would have about 3 customers or user per month.

No use for it anyway. It will not yield business returns.

... just three dots that's all

booked

OAM4J: Why is it still not possible to send money through western union from Nigeria but one can only receive in Nigeria? Or has that changed?

I think that should be the 1st thing Western Union and the likes of Moneygram should address.

I thought Nigeria was under some kind of Economic sanction, that's why you can't send money from Nigeria.

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Where did they get this lie from

In contrast, just 21 percent of the country’s population has a bank account, according to the World Bank.

OAM4J: Why is it still not possible to send money through western union from Nigeria but one can only receive in Nigeria? Or has that changed?

I think that should be the 1st thing Western Union and the likes of Moneygram should address.

don't blame them..... Money laundering...... Your politicians.

iamswizz: pdude.. u dey mad oo.. No wahala.. God dey.




Back to Topic..

Well, scamming just got easier..

Nothing dey happen, it will be too tight for scammers.

Mk dem resolve the sending money issue from nigeria.we should be able to send money and not only recieve.

BedLam: don't blame them..... Money laundering...... Your politicians.

If they know what they are doing, money laundering can be controlled, it's matter of making the service available only to account holders with their partner banks same way banks control money laundering via wire transfers.

Let's see how it works out.

I hope it works without hitches

Paypal will continue to limit themselves by refusing to enter Nigeria market. Others who entered did not regret,but continue to expand their biz.

supereagle: Paypal will continue to limit themselves by refusing to enter Nigeria market. Others who entered did not regret,but continue to expand their biz.

There are ways of getting around paypal policies

pocketmoni is a mobile money platform which is a veritable means of transferring or receiving money in a convenient,secured and hassle free means of carrying out ur banking transactions at anywhere and anytime of the day.
The inclusion of western union service to the etransact pocketmoni platform has given mobile money users a leverage to receive money from anywhere around the world and send money to any account in the world.
etransact pocketmoni empowers u to earn up to 250-350k per month by simply becoming an agent while u maintain ur current job if u have got one already.
contact for more info on how un can become an AGENT and start earning and become FINANCIALLY FREE.
08035164219 08028712362.

OAM4J:

If they know what they are doing, money laundering can be controlled, it's matter of making the service available only to account holders with their partner banks same way banks control money laundering via wire transfers.

Sending money from Nigeria will not be profitable for them. How many people send from nigeria? Maybe the few students studying abroad that need money etc. Compare that to the billions sent to Nigeria every minute.
Besides, wire transfers already exist that are actually cheaper than the western union service so i think it's basically a business decision. If it were profitable, they would've jumped on it by now

Ile-Ife:


I thought Nigeria was under some kind of Economic sanction, that's why you can't send money from Nigeria.

I am not aware of any sanctions. I only know of wire transfer limits that set a "fraud" alert. On the other hand, if you are business that conducts legal transactions regularly, you have no problems and can send money from nigeria via wire transfers without issues. I believe individuals can do it as well provided it's legit and has a certain CBN clearance. I think there is an initial 5000 doll limit though

this development is quite good, but on the other hand will just promote internet fraud... It can't get any better than this for scammers...

This is nice