10th October, 2014
Over two hundred Nigerians thronged the Town Hall meetings and one day training organized for prospective sales agents for Nigeria’s first super mobile money network, the Glo Xchange, in Abeokuta, Enugu, Onitsha and in Kano cities of Nigeria.
At the event Glo and partner banks – Zenith, Stanbic IBTC, Ecobank and First Bank enlightened the public and prospective agents on the rudiments of the Mobile Money business.
Addressing the participants in Abeokuta, Globacom’s Mobile Money Expert, Mr. Tim Mukata described the Glo Xchange agentship as a veritable avenue for business minded Nigerians to make money on every transaction without losing their initial deposits.
“Being a Glo Xchange agent is a win-win situation for agents as the floating capital remains the same at any point in time. The agents will get commissions on every transaction, attract clients to purchase other merchandising items in their shops and carry out transfer of money anytime of the day, seven days a week. It is very safe and easy and I implore Nigerians from all parts of the country to join the train,” Mr. Mukata added.
He informed the participants that a Glo Xchange agent can make up to a monthly profit of N50,000 initially and increase it as more people transfer money through the platform. He said the agent can graduate to the level of recruiting agents, sub-dealers and dealers.
Mr Mukata noted that the Glo Xchange network would form the foundation for agency banking in Nigeria in the nearest future.
Since Glo Xchange was launched three weeks ago, thousands of Nigerians have registered as agents of the country’s first super mobile money agent network. Commenting on the training, Mr. Kunle Akingbogun, the representative of the Ogun State League of Cooperative Thrift and Credit Societies which has over one hundred thousand branches, commended the initiative and urged Globacom to extend the partnership to Skye Bank for their members to benefit from the scheme.
In a related development, a prospective sales agent Prince Jaiye Adeleke who recently retired from Union Bank said the agentship would be a continuation of his relationship with people in the last thirty years of his banking experience.
At the Kano, Enugu and Onitsha venues of the training, the prospective agents trooped to sign up to the scheme while praising Globacom’s initiative.
Mr Nonick Anozie, a small-scale business owner in Onitsha, said Glo Xchange was a “good innovation, with obvious potential to greatly enhance the economy.”
Ignatius Okpara fron Nnewi said that with Glo Xchange, Globacom has once again demonstrated its love for Nigerians, by “always setting the pace in innovation.”