With the growing level of acceptance and also teething challenges of mobile money and other digital remittance Nigerians face on daily basis, BeepTool, an indigenous tech start-up has unveiled m-naira mobile application, designed to bridge the gap in financial inclusion, mobile payment and remittance space.
m-naira mobile app has been described by industry watchers and stakeholders as a timely intervention in the mobile payment ecosystem, contributing to the country’s stride towards a cashless economy.
The m-naira App is designed to be a fast and secure way to send and remit money home directly to a bank account or mobile wallet. The m-naira app is also designed for paying bills for family and friends from any part of the world.
Mayowa Ihinmikaiye, co-founder and chief marketing officer, BeepTool CIS Limited said “m-naira App is a value sharing and money transfer service platform that interconnects all Nigerian bank accounts, mobile wallets, and billing systems to deliver instant remittance services to Nigeria from anywhere in the world. Whether you’re supporting your family or doing business in Nigeria, m-naira App makes it convenient and safer to send, receive, pay and save cash instantly from your phone, at a quarter of the cost of your bank or high street money transfer provider.”
“m-naira App works directly with service providers to enable remote payment for services such as utilities, healthcare, school tuition, etc. Nigerians living in rural areas are not left out, as we are connecting them to the financial world using Nano-satellites. This will allow Nigerians in areas with poor or no connectivity use the m-naira app to send and receive payment for goods and service,” he added.
Having features such as; instant transfer available from any UK, USA and EU approved countries of the world to Nigeria, with 24/7 delivery, real-time updates on your transfer, so you know exactly where your money is and there is no credit or debit card fees.
The mobile app can be downloaded via Google Play Store for now, with the iOS version coming soon or via website. The M-naira app has a high level of encryption, Know Your Customer (KYC) and security.
JUMOKE AKIYODE-LAWANSON
