WELCOME TO CASHLESS NIGERIA
I just got an SMS from Vicky, about Mobile Money provided by MTN. As a typical Nigerian, the first point of call on the mobile money site for me was the Tariffs section. According to the tariff page , to deposit, register, buy airtime, check balance and pay bills is free. To withdraw by an unregistered customer is free as well as the accounts subscription, and SMS traffic generated by transactions. But after that, the charges start piling up: Mini Statement = NGN10. Registered customer's withdrawal of NGN3,000 and less will cost NGN50. Registered customer's withdrawal of between NGN3,001 and NGN6,000 will cost NGN100. Registered customer's withdrawal of between NGN6,001 and NGN9,000 will cost NGN150. Registered customer's withdrawal of above NGN9,000 will cost NGN200. To send to a Registered customer, it will cost you NGN50. To send NGN3,000 or less to an unregistered customer will cost you NGN120. To send between NGN3,001 and NGN6,000 to an unregistered cus...