The Nigerian Communication Commission (NCC) has made it known that the plan has been concluded for Nigerians to be able to start making payment for their good and services directly through mobile phone airtime.
The Executive Chairman of NCC, Prof. Umar Garba Dantata made this known yesterday at his meeting in Abuja with Queen Maxima of Netherland.
He said, “Just recently, the final draft of the MoU between the CBN and NCC was signed. And the CBN/NCC Technical committee on Mobile Money is addressing the modalities of Mobile Network Operators registering special platforms to enable them to become Mobile Money Operators(MMO).
“ Based on this arrangement, the NCC will issue a letter of No Objection to MNOs who have been licensed by the CBN as Mobile Money Operators.”
Prof. Danbata added that “Instead of paying with cash, cheque, or credit cards, a consumer can use his mobile phone to pay for a wide range of services and goods. It also encompasses any payment where the mobile phone is involved in the initiation and/or confirmation of the payment.”
Queen Maxima also encouraged the country to key players in the financial and communication sector to work more on how to protect the citizens from fraudsters and not just providing them ease of gain access to finance.
Source: Daily Post news