CBN earlier this year introduced a Cashless Economy Policy in Nigeria and its argument is that the policy will boost the country’s economy. As a result, we have seen the launch of many mobile money services in Nigeria. One of such is Pocket Moni.
What is PocketMoni?
PocketMoni is the brand name of eTranzact Mobile Money service and is being proclaimed to be the first truly operational mobile commerce application that is multi-network capable with the ability to interface seamlessly with third party payment schemes.
The service in line with international standards is secured utilizing 3DES encryption technology. In addition a PIN is required for every transaction. PocketMoni customers can securely, conveniently and cost-effectively send money to family and friends. The users can also perform the following transactions:
- buy airtime from network,
- Pay bills such as DSTV, Hi TV, MyTV monthly subscription, POSTPAID bills, PHCN bills and
- Make cash deposits, e.t.c.
Registration to be a user is simple. An interested mobile phone user is expected to send an SMS in the format below to 20220.
REG FIRSTNAME LASTNAME to 20220
The process to become a merchant and agent is slightly different from this.
To learn more about how PocketMoni works, click here.
