The company has partnered with a Nigerian company in order to provide locals with smartphone money solutions. The Western Union Company has just entered into a deal with the Nigerian company called Virtual Terminal Network (VTN) in order to provide a mobile payments solution to consumers in the country. The service allows users to fund a VTN VCASH account and transfer money to other accounts. The customers would fund the account through the use of Western Union. From there, VCASH users would be able to make mobile payments transfers for…
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Mobile payments taking another big step into Nigeria
VTNetworks is rolling out its mcommerce products to allow for purchasing transactions. The emerging marketplace of Nigeria is getting another shot in the arm for its mobile payments sector, with the announcement from VTNetwork that it will be rolling out its Vcash service across the country. This will allow people throughout the nation to use their smartphones to make purchases. According to Peter Ojo, the VTNetwork CEO, the intention to roll out the mobile payments service “became a reality following the final regulatory approval from the Central Bank of Nigeria.”…
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