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Speaking at the formal launch of the product at the Mike Adenuga Towers, Lagos, Executive Director, Globacom, Mr. Adewale Sangowawa, disclosed that Globacom was partnering some major financial institutions in the country which include Fidelity Bank, FCMB, Mainstreet Bank, Stanbic IBTC, Sterling Bank,Wema Bank and Interswitch to give more value to its over 20 million subscribers who will now enjoy seamless financial transactions.
He said Verve M-PIN would offer subscribers , including those who do not have bank accounts , a more convenient, secure and fast way of settling bills and making payments for goods and services. He said that mobile money service is a win-win proposition for customers, financial institutions and mobile operators, and encouraged Nigerians to take advantage of the values inherent in the Verve M-PIN product."…With this product, customers will enjoy seamless financial transactions provided by our partnering banks on the Globacom platform to pay for DSTV, LCC, PHCN, Startimes, Airline tickets, hotel bills, bank transfers and Glo airtime top-up for pre-paid and post-paid services…," Mr. Sangowawa explained.
He also remarked that Verve M–PIN would enable customers to use mobile channels to perform tasks on the web, Automated Teller Machines or Point of Sale which would be powered by the super-fast submarine Glo 1 cable that offers robust internet broadband services.
Speaking on behalf of the partnering banks, Mr. Roger Woodbridge, Executive Director, Mainstreet Bank, expressed confidence in this partnership with Globacom which he said has a "robust broadband capacity that will enable us to meet our customers' expectations."