What’s your BVN?
Yes, almost no one remembers those 10 digits that will “define the future of banking” in Nigeria. It’s probably written on some paper hidden in the deep crevices of your wallet or on some notebook you can’t find or a notepad you created on your phone or PC and you probably can’t even remember the file name, and some people have it scribbled everywhere.
Just recently, Etisalat in partnership with the NIBSS, the institution responsible for online money transfer payments and settlements amongst Nigerian banks, has created a USSD BVN notification solution for Etisalat subscribers to check their BVN on their mobile phones by dialing *560*0#
According to Francesco Angelone, Chief marketing officer, Etisalat Nigeria, the company is pleased with being the first to offer this product amongst the Nigerian network operators, alluding that it’s these kind of technological solutions that the Telecoms industry must use to set itself apart as a pillar of development.
The service cost N10 per query. That’s another thing Francesco and Etisalat might be pleased with.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.