Globacom to transform Mobile Money System

Globacom is in a renewed push to scale up mobile money services in Nigeria, through the formation of a new partnership ecosystem, comprising of leading financial services companies, and a robust nationwide agent network. The company is boosting cashless policy of the apex bank with the launch of Glo Xchange,
a Mobile Money Agent Network that is aimed at accelerating mobile money revolution and financial inclusion in the country. It is Nigeria’s biggest Mobile Money Agent Network pioneered by Globacom in partnership with licensed mobile money operators, Firstmonie, Ecobank, Stanbic IBTC and Zenith Bank. Other banks are also in the process of joining the network. Glo Xchange will avail the mobile money sector of the much needed agent network across the entire country, as well as the technology platform required for seamless mobile money transactions.
The initiative however will provide the partner banks on the project with Glo’s extensive network of 150 Glo World and Glo Zone shops, over 35,000 Glo Dealer and sub dealer outlets and over 400 Con Oil filling stations across the country. It is thus expected that Glo Xchange platform will be a phenomenal success from its first day of operation. The initiative is also leveraging on the Association of Community pharmacists of Nigeria (ACPN) with which Glo has a working partnership. The association has over 7,000 outlets and these along with the Gloworld, Glo Zones, Glo Dealer outlets, sub dealer outlets and Conoil filling stations will ensure that people all over the country, even in the remotest locations, benefit from the platform. The network also includes the branches of all the partner banks across the country.