Following the challenge posed by online shopping, especially for those who do not have credit or debit cards, Stanbic IBTC Bank has partnered with Mobile Media InfoTech Limited (MMIT), a mobile software development company, to assist the youths and small business owners who do not have credit cards, to pay for goods through their mobile money wallets online, the Bank said in a statement.
Following the development, the bank’s mobile money wallets customers will be able to shop on foreign online sites like Amazon, Android store, Playstation and other gaming sites.
“They will be given the option of making cardless payments through their mobile money wallets; and with this option, any customer with a smart phone will be able to make purchases on these online sites regardless of where they reside in Nigeria,” it said.
According to the Head of E-Business at Stanbic IBTC Bank, Thabo Makoko, “Mobile payments have taken a new turn in Nigeria and the days of being inconvenienced or excluded from participating in the digital economy as a result of one’s inability to produce credit or debit card details for online payments are over.
“We want to provide more opportunities for the under-banked in every part of Nigeria, especially the small business owners; and we want to be known as the financial service partner that opens doors for our customers; empowering them to grow their businesses and lives.
“Removing the barriers to participating in the digital economy, the online shopping process for small business owners, youths and the under banked will greatly reduce barriers to success in acquiring tools to improve lives.”