SmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has announced a new alliance with Touch and Pay, which owns Cowry Card and offers automated payment solutions.
SmartCash customers can now use the SmartCash mobile app to top off their Cowry cards, facilitating easy and frictionless transit payments.
Read also: Airtel Africa risks $4 million in monthly revenue in Nigeria due to unverified NINs
Airtel SmartCash Initiative to support Nigeria’s cashless policy
The digital bank said in a statement on Monday that the new SmartCash function was designed to support the Central Bank of Nigeria’s paperless drive while also improving transportation convenience and catering to the social demands of the general public.
In his remarks regarding the integration, Ayotunde Kuponiyi, the CEO of SmartCash PSB, reaffirmed the company’s dedication to ongoing innovation in developing digital payment solutions.
“Our mission at SmartCash PSB is to provide accessibility and convenience for all people, wherever they may reside, through incorporating Cowry card top-ups into our USSD channel and mobile app.
“In keeping with our mission to empower customers with seamless and efficient payment services, we aim to advance commuter convenience.” Kuponiyi stated, “This initiative also supports Nigeria’s cashless vision.”
According to him, the latest addition to the SmartCash app’s Cowry Card integration is just another example of how effective and practical payment methods can be while still aligning with the country’s objective of having a more digital economy.
According to SmartCash, this easy top-up procedure is available to all users by using the USSD code *939# or the SmartCash mobile app.
About SmartCash
To close the financial gap, SmartCash is a cutting-edge payment service bank supporting the Central Bank of Nigeria’s (CBN) efforts to guarantee financial inclusion for all Nigerians while offering safe and dependable banking services to those living in rural and urban areas.
SmartCash’s main goal is to ensure financial inclusion for everybody, even those residing in the most rural and isolated regions of Nigeria. The company is headquartered in Lagos, Nigeria.
With SmartCash Payment Service Bank, you can easily and comfortably access banking and financial solutions. You can send and receive money through your phone line, regardless of where you live—in the most isolated town in the West or the most rural settlement in the North.
You don’t need to visit a bank branch and don’t need to have an account. You can utilise their self-care app, USSD, or Web Channels for all your transactions using your phone line or mobile device, and their agents are available to assist you wherever you are.
Read also: Airtel Africa makes $31 million profit in Q1
About Touch and Pay (TAP)
They are a group of elite businesspeople, specialists in Near Field Communication (NFC), financial services technology, and mobile payments. Their success is fuelled by constant innovation, adaptability, and customer-focused reactivity.
Touch and Pay Technologies Limited aims to create a distinctive mobile payment and services platform that seamlessly records both online and offline transactions. The platform’s powerful and distinctive dashboard and reporting backend technology allow full visibility into all completed transactions.
Touch And Pay simple NFC technology ensures a smooth flow among the participants, increasing the market’s attractiveness and efficiency by helping solve various issues faced by business owners, from small startups to large corporations, including product aggregation and payment settlement.