Banking should be as easy and affordable as fast-moving consumer goods to reach Nigeria's banked and underbanked
In the early 2000s, the arrival of the telecoms companies opened a whole new world of access to telephone services to Nigerians.
Wealthy Nigerians could afford to buy sim cards that cost as high as ₦20,000 ($170) -- that excludes the cost of a mobile handset. For the rest of us, we had to go to the nearest kiosk or mom-and-pop shop to make phone calls, paying as much as ₦50 per minute.
The Central Bank of Angola (BNA) plans to create money transfer services by cell phone this year to reduce crowds in commercial banks and ATM, at the country level.
Speaking to the press after the inauguration of the new BNA director in eastern Moxico province , the BNA administrator for the Regional Delegations, Tavares Cristóvão, said that the service, which is in the study phase, will count on the participation of the mobile phone companies ( Unitel and Movicel).