9 November 2012

Nigeria: MTN Signs Pact With Computer Group on Micro Banking

Lagos — Telecoms operators, MTN Nigeria has is partnering with the Computer Warehouse Group (CWG) to introduce MTN XaaS, innovative Micro-banking software as a service platform.

Speaking at the signing ceremony, Mr. Brett Goschen, who is the CEO of MTN, said the application is managed by MTN Business, the business-to-business division of MTN Nigeria, under the MTN Cloud Services platform.

He noted that MTN XaaS Micro-banking software was designed to enable micro-finance banks (MFBs) carry out banking operations without having to pay so much in licensing, storage and implementation costs required for typical banking applications.

He said, "MTN XaaS Micro-banking software as a service is just one of a number of cloud services MTN Business is launching in the Nigerian market. Technology has made it possible for us to deliver cloud services direct to our customers via public or private connections without their need for storage, licensing and infrastructural concerns."

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