The Conversation (0)
First Global Signs Deal for Social Benefits Distribution in Nigeria
Feb. 16, 2017 09:06AM PST
Fintech InvestingFirst Global Data (TSXV:FGD) is pleased to advise that it has signed an agreement with Dili Capital, and Integrated Benefits Limited (RIBS) for the deployment of First Global’s mobile payment service to more than 10 million users in Nigeria. RIBS is a Nigerian based organization that manages social benefits programs for payment to more than 10 …
First Global Data (TSXV:FGD) is pleased to advise that it has signed an agreement with Dili Capital, and Integrated Benefits Limited (RIBS) for the deployment of First Global’s mobile payment service to more than 10 million users in Nigeria. RIBS is a Nigerian based organization that manages social benefits programs for payment to more than 10 million beneficiaries in Nigeria.
As quoted in the press release:
Dili Capital will finance the initiative and partner with RIBS for the launch of First Global’s mobile wallet and mobile payment solution in Nigeria.
Andre Itwaru, First Global’s Chairman and CEO advises, “Using a FINTECH solution for social benefits disbursements is not only efficient and cost effective, but is the way of the future. We are providing a solution for the Nigerian population but also intend to roll out a government services distribution solution globally with a current focus on Canada through our JV with Selectcore Limited, who are currently providing services in two Canadian provinces.”