Bullion
Keywords
Financial inclusion, Agent banking, Payment system, Mobile payment operator (MMO)
Abstract
Agent banking and Mobile payments, especially in developing economies are rapidly evolving and having tremendous impact on the economies and lives of its citizenry. In addition to reducing costs, these new service offering channel help to encourage customers to use financial services more often, as locations are close by and in places where the customers are familiar with. In light of the afore-mentioned, the Central Bank of Nigeria noted the rapid growth of mobile telephony and the need to leverage existing business network infrastructure as a practical and well thought-out strategy for driving financial inclusion of the unbanked in Nigeria.
Publication Title
CBN Bullion
Issue
3 - 1
Volume
36 - 37
Recommended Citation
Dipo, Fatokun
(2013)
"Viable agent banking and mobile payment system in Nigeria,"
Bullion: Vol. 36:
No.
3, Article 9.
Available at:
https://dc.cbn.gov.ng/bullion/vol36/iss3/9