Fintech 2.0 Innovation Showcase: Making Payments Using Just your Mobile Number

Posted by E.L.E.X on February 15 2019 under Tech/Programming

CIO, Softcom, Tomi Amao, says they wanted to create a financial solution that captured a much larger audience using a tool that is available to almost 100 million Nigerians – a mobile phone number. And so they created Eyowo, a platform that allows you exchange monetary value with just a mobile phone number.

Since it launched in August 2018, Eyowo has processed over 2 million transactions worth a little over N15 billion, for its over 2 million account holders.

Some other use cases of the Eyowo platform has been in the implementation of the federal government’s Tradermoni scheme. The micro loans made available by the FG to petty traders were disbursed simply using the traders’ mobile phone numbers. 600,000 traders have received loans so far using the platform. Repayment of the loans will also be made through the platform.

Watch Tomi’s full presentation at the Fintech 2.0 TC Townhall:

Watch Video


Related Posts Pictures

GAMERS, Here Are The Top Gaming Apps In Nigeria

Related Posts Pictures

MTN Introduces 5G Network – Here’s How Fast It Is & What To Expect (Watch Video)

Related Posts Pictures

Facebook: Oops, We Uploaded Millions of Peoples Email Contact Lists

Related Posts Pictures

How to Choose Best Laptop for Programming in 2019?

Related Posts Pictures

Top 10 Ways to Teach Yourself to Code


Add Comment

All fields are required!

Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ | Call us @ 08132021949 | Message us via whatsapp @ 08132021949