Etisalat and First Bank have unveiled FirstMonie, a product to promote the use of mobile money on the mobile technology driven EasyWallet SIM application.

FirstMonie, is a mobile payment service that enables phone users send and receive money, pay bills, buy airtime and lots more with their mobile phones without a bank account. As a result of the partnership between Etisalat and First Bank, the First Monie service will run on Etisalat’s EasyWallet SIM application menu.

“Etisalat EasyWallet, is one of the most secure and convenient platforms for mobile money services. With the easywallet, etisalat subscribers can make financial transactions such as peer-to-peer transfers, bills payment and airtime top-up directly from their mobile devices”, Said Dada Lucas, Director, Business Segment at Etisalat Nigeria.

Mobile Money has recorded huge success in countries like Cote d’ivoire, Kenya, Gambia and South Africa, according to a Business Day report, but it is not yet clear if it will achieve similar levels of success in Nigeria.

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