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NIGERIA: MTN partners NIBSS on cashless society

MTN NigeriaMTN Nigeria has bought into the Cashless Nigeria initiative by engaging its Business to Business, B2B, division into a partnership with the Nigeria Inter-Bank Settlement System (NIBSS).

The partnership kicked off with MTN’s recent rollout of effective point of sale (POS) services at the popular Oke-Arin market in Lagos and other shopping districts in the metropolis.

Explaining MTN’s exploits with the deal, Chief Enterprise Solutions Officer, Bob Osho, said that several tests were conducted on the deployed POS terminals at the market and they were all found to be effective and successful.

He added: “This is just the beginning as we have resolved most of the connectivity issues. In all, we have provided 80,000 SIMs to NIBSS, and we are empowering POS merchants by giving them options for service delivery in the malls. We will also provide prompt and top-class after sales support and proactively work together to ensure network quality is desirable where necessary.”

Apart from the Oke-Arin deployment, Osho said that network quality optimisation has been completed at the Silverbird Mall, while work was on-going at Alaba International, ASPAMDA, Ikota and Computer Village markets respectively. According to him, apart from MTN’s extensive fibre network, the company has perfected its local processing power, local data storage, networking and graphical user interface which made it possible to develop flexible and highly functional POS systems.

For him, the key requirements that must be met by modern POS systems included high and consistent operating speed, reliability, ease of use, remote supportability, low cost, and rich functionality all of which, he said, have been perfected by MTN Business.

MTN however said that it was not only the wired connectivity in selected shopping malls that gave it the confidence it would succeed in the venture , but also the fact that it now has the cutting-edge technology to deploy cloud-based POS devices, which have the advantages of instant centralization of data, ability to access data from anywhere there is internet connection, lower costs and ability to expand POS systems to mobile devices.

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