By; JACOB ONJEWU DICKSON, Kaduna.
Kaduna State has been praised for being the number one in the country in terms of patronising and encouraging e-transactions banking in the country.
President of Association of Mobile Money Operators of Nigeria (AMMON) and Managing Director, Bizi Mobile Cashless Consultant Ltd, Alhaji Aminu Aminu Bizi expressed this while briefing the press on the progress being made by his association in the country.
He explained that unlike some states that are dragging their feet on e-transactions, Kaduna State has encouraged the informal sector to embrace the system in easing doing business.
Alhaji Aminu Bizi disclosed that already, a Memoranda of Understanding (MoU) has been signed with the union of Commercial Tricyclists Operators in the state that would ease their operations.
“The tricyclists are happy that we would be easing their business dealings in several ways by making it easier for their customers to pay them using hand held devices like their mobile phones or POS.
“You know the issue of getting change for their customers sometimes wastes their time and that of the customers. By the time what we at Bizi Mobile are doing gets down to the grassroots completely, they would also not worry about the risk of moving cash around,” he said.
He explained that even those that are in the rural areas where there are no banks can benefit from AMMON as their agents are located in all the 774 local government areas of the country.
“Let me give you a good example. There is a young man in Gaidam, Yobe State who did not even have the financial muscle to start up. What he did was to approach a filling station owner and explained to him. Instead of the management to keep cash with them, those who want to withdraw their salaries gather there, he uses e-transaction in withdrawing from their accounts, credits the filling stations account through the same process and they give him cash to give the customer, while he deducts his commission of N200. Today he is a millionaire, making approximately N500,000 every month,” he explained.
He said in transacting business with them, even those who do not have an ATM card or a bank account can have money transferred to them.
“Right now, if you need to transfer emergency money to your mother or family. If for instance you send them recharge cards of five thousand Naira, what they may end up selling it for, maybe half the price, but with e-transaction, they maybe charged commission of just N200,” he stated.