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Globacom launches TxtCash

Nigerian-based operator Globacom has brought mobile money transfer services to its subscribers.

Globacom this week launched its mobile money transfer service, Glo TxtCash, with Afripay and Stanbic IBTC bank.

The service allows mobile subscribers to transfer money to any mobile number, or spend the money directly from their mobile money account to pay for goods or buy airtime.

Glo says more mobile money operators will also have access to its 23 million subscribers.

The Central Bank of Nigeria has approved the commercial rollout of mobile money services by 11 entities.

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