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Nigeria,United Arab Emirates : ETISALAT GROUP announces new smartphone app that transforms mobile banking service in NIGERIA [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Etisalat Group, through its subsidiary in Nigeria, announced the launch of a new and comprehensive smartphone app that will enable customers to access their mobile money services faster and with more ease. The innovative app expands the company's mobile banking offerings to customers. The app is available for free download from various online app stores. Etisalat partnered with leading international and regional banks including GTBank, Zenith Bank, Stanbic Bank, First Bank Nigeria, as well as Paga Payment Network to allow Etisalat Nigeria to access banking services through their mobile phones. The service has successfully registered over 15 million SIM 'Tool Kit' application downloads on consumer SIM cards. Etisalat is at the forefront of technology innovation, bringing market relevant and transformational services to its customers. Nigeria has a smartphone penetration of over 10% and is expected to reach 40% in 2 years. This enables people to use their mobile phones to access advanced banking services to deliver lasting benefits to customers, but also to contribute to the socio-economic development of the economies. Etisalat's new smartphone app adds new dimensions to its existing mobile banking service. It supports all available functions and allows for more flexibility and convenience through additional features. The app supports all major platforms including Android, Apple iOS, Windows Mobile and Java. To develop this service expansion, Etisalat has been working with renowned financial and technology partners in Nigeria to comply with local and global banking regulations and to facilitate payments and settlements with internationally recognised standards. Etisalat is also partnering with another major Nigerian financial institutions such as NIBSS, banks and major global players such as MasterCard Worldwide to provide customers bill payment facility, merchant transactions and merchant trading solutions. Matthew Willsher, CEO Etisalat Nigeria said, "Research has shown that m-banking and m-payments can help lower the transaction costs of money transfer, increase the flow of money by making it easier to send smaller amounts as well as introduce efficient tool for secure financial management. We believe the benefits to our customers will be immense and that this has the potential to transform the way we handle and manage money in this country. The mobile phone has already improved African life in so many ways - it's exciting to think it now has the potential to replace notes and coins and give all of our customers' access to world-class banking services." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |