A Softcom company, Eyowo Integrated Payments Limited, has launched its innovative mobile banking services named “Eyowo” aimed at deepening financial inclusion as Nigeria embraces full cashless payment system.
Speaking at the launch in Lagos on Thursday, Eyowo CEO, Tomi Amao, said the integrated fintech company is focused on addressing fundamental problems associated with financial transactions which Nigerians face daily.
He said the company was poised to reduce the numbers of unbanked population in the country as its Eyowo banking services is accessible via any mobile phone (be it smart or feature phones) by dialling a USSD code: *4255#
He noted that Eyowo provides an easy, convenient and secure way to make and receive payments whether online or offline, simply with just any mobile phone number without physically going to the bank premises.
Amao added that with its new banking solution, Eyowo, people can make transactions using only their mobile phone, saying a user can send money to anyone who has a phone number with or without a bank account and internet connectivity.
The chief executive of the fintech company said the Eyowo allows anyone to perform any financial transaction including sending and receiving cash, payment of bills (even online with a virtual dollar card), as well as saving or borrowing money.
He noted that the Eyowo banking platforms allow users to create an Eyowo virtual Dollar Card powered by Visa and which can be funded from their wallet ($1+), as users can use it for online dollars transaction including payments on Netflix, Amazon and other e-commerce websites.
He further added that users can carry out cardless ATM withdrawals on the platform and also borrow money at zero interest rate. He said users need to have used its banking services overtime to be eligible for this.
Other features of the Eyowo includes allowing users to scan to pay at any favourite cafe, retail stores or shopping malls for goods or services using a QR Code which can be generated on its POS terminals.
Amao however assured that Eyowo would be made easily accessible across the country as it enrol more agents with designated kiosks to provide financial services through its platform, and perform transactions such as cash withdrawal, funds transfer, bills payment and airtime recharge, among others for both rural and urban dwellers.