(Ecofin Agency) - Globacom announces a set of innovative products in 2019 to attract clients in the Nigerian market.
The telecom group plans to enter the mobile money market by mid-February to offer cost-effective and flexible financial services to most of the Nigerian population without access to traditional services.
Glo is impatient to enter this segment of the market with high growth potential and profitability that was reserved to banks, which were unable to boost the country’s Financial inclusion rate to more than 10% in the past five years.
According to Globacom, mobile money will facilitate banking access for low-income population and guarantee a new source of income for the group.
Those revenues will also be boosted by the Glo2 fibre optics announced to be deployed this year. It will link Lagos and the Niger delta offering broadband services to oil companies.
“We have invested massively in new technologies to introduce these products which we believe will redefine business, social and personal pursuits”, said Bisi Koleoso, Globacom’s deputy chief operating officer.
For this year, Glo Drive is announced to meet consumers’ data storage needs. In the same vein, Glo Health will facilitate access to health services while Glo Artificial Intelligence will answer clients’ inquiries and a Glo entertainment will be elaborated for entertainment.