Stanbic IBTC in partnership with Mobile Media Info Tech Limited (MMIT) has introduced a new platform which allows mobile money customers shop internationally online without using a credit card. The platform is a operated through mobile money wallet.
The bank explained in statement that customers who operate Stanbic IBTC Bank's *909# mobile money wallets would be able to shop on foreign online sites such as Amazon, Android s0tore, Playstation and other gaming sites.
Customers, according to the bank, would also be given the option of making cardless payments through their mobile money wallets; and with this option, any customer with a smart phone would be able to make purchases on these online sites regardless of where they reside in Nigeria.
The Head of E-Business at Stanbic IBTC Bank, Mr. Thabo Makoko, described the partnership as another step towards financial inclusion for those that are not able to shop online because they do not have credit cards.
He added: "We want to provide more opportunities for the under banked in every part of Nigeria especially the small business owners; and we want to be known as the financial service partner that opens doors for our customers; empowering them to grow their businesses and lives." The Chief Executive officer of MMIT, Mr. Jide Akindele, also said: "We are excited about our partnership with Stanbic IBTC Bank. We see this as a great opportunity for Stanbic IBTC MobileMoney subscribers who will be able to make more financial decisions.
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