- Glo Offers 800% Recharge value on E-Top-Up
Subscribers to Globacom, will henceforth enjoy 800% value when they recharge their lines electronically.
This was disclosed at a press conference held by the company in Lagos on to launch two products; Sharp Sharp E-Top-Up and Glo Café, which it said were designed to give subscribers more exciting experience on its network. The two products offer considerably higher value in data and airtime.
Mr. Sola Mogaji, Globacom’s Senior Manager, Events and Sponsorships, said that Sharp Sharp E-Top-Up gives subscribers eight times the value of their recharges when they top up their credit on electronic recharge channels such as Glo Café, Automated Teller Machines and Point Of Sale terminals.
He further explained that when a subscriber recharges via E-top up with specific amounts, he or she will be credited with 8 times the value recharged. For instance, if the subscriber recharges with N201, he or she will get over N1, 601 made up of N201 in his or her main account, N100 bonus airtime for calls to all networks and N900 bonus airtime to call other Glo subscribers. In addition, customers will receive 50MB data bonus for personal use and extra 25MB data, which could be gifted to another Glo customer.
On the benefits of recharging via E-top up, he explained, that it was convenient, fast and secure. For example, customers can recharge at any time and from anywhere in the world.
They can avoid cash transactions and hassles of change as any amount can be purchased via E-top up. Another benefit is that Glo customers can now buy data subscriptions directly using E-top up.
“This offer is exclusively available to all new and existing prepaid customers, who recharge their lines through electronic recharge channels like Glo Café App, online through Gloworld.com, Quickteller, Automated Teller Machines, Gloworld outlets, authorised Glo dealer outlets, *805# Glo easy recharge solution, various banking mobile apps and POS terminals in select mega retail stores”, Mogaji stated.
Glo Café, the second product unveiled at the press conference, is a one-stop telecommunication solution offering world class games from Gameloft; thousands of movies and video content, over two million songs including 10,000 music videos, jokes, sports, entertainment and e-commerce. Mogaji said the app is designed to provide the fastest and easiest way to recharge and subscribe to the network’s products and services.
The biggest attraction added to the Glo café is Glo Live Cast, where Globacom is reputed as the first operator in Nigeria to launch Mobile TV (Glo live cast). With this, live TV channels (such as NTA, AIT, WAP TV, etc.) with HD quality streaming can be viewed on Glo mobile phones.
Mogaji disclosed that this was one of the greatest applications ever launched in the Nigerian market which key highlights include real-time voice and data balance enquiry; freedom to recharge and view recharge history with option to migrate to a tariff plan of choice; option to buy and share data bundles as well as purchase of voice bundles; access to all transaction details related to post-paid accounts including bill amount due, last bill payments, etc., easier access to call centre through live chat with agents without waiting in queues”.
MTN Partners Fintechs as Talks With Banks Lingers
MTN has activated a number of new channel partnerships with fintech companies as the company continues meeting with the commercial banks on a new pricing structure agreement.
MTN’s initial meeting for the reduction of the charges held on Tuesday with the banks ended in a deadlock and is expected to continue until a new long-term agreement can be reached on a sustainable pricing structure going forward.
The telco said this in a statement on Thursday titled ‘Update on banking channel partners’ dispute and expansion of channel network’.
MTN customers were reconnected to banking channels after the banks blocked them on April 2.
This was agreed on the basis that MTN would revert to its previous cost of sales structures with banking partners, until a new long-term agreement could be reached on a sustainable pricing structure going forward.
The telecom company noted that it had been participating in a series of meetings with the banks since Tuesday, after the intervention of the Minister of Communications and Digital Economy, the Nigerian Communication Commission and the Central Bank of Nigeria.
According to the telco, the reduction in the banks’ commission on USSD airtime is ‘international standard and best practice as scale is built along distribution channels’.
“We will provide a further market update once these discussions have been concluded.
We are confident that partners in the banking sector will work with us to ensure this process concludes as quickly as possible to the benefit of the entire industry,” MTN said.
It said it had partnered with new fintechs to expand the range of channels available to customers, adding that the partnerships would remain in place.
“The new channel partners include Sparkle, Konga Pay, Barter By Flutter Wave, Jumia Pay, OPay, Kuda, Carbon, BillsnPay, MTN On Demand, MTN Xtratime airtime loans (*606#), myMTN Web http://mymtn.com.ng and Momo agent *223#,” the statement said.
The telco expressed optimism for a mutually acceptable solution that empowered all ecosystem participants.
Trove, Bamboo Assure Nigerian Investors Assets Are Safe Following SEC Warning
Trove and Bamboo, the two of the numerous fintech companies, facilitating investments in foreign assets for Nigerians in Nigeria have released statements to assured Nigerians that have invested through their platforms that their investments are safe.
The assurance came few hours after the Nigerian Securities and Exchange Commission (SEC) released a circular to warn the public against unregistered online investment and trading platforms facilitating access to foreign markets.
The SEC, in a circular titled, ‘Proliferation of Unregistered Online Investment and Trading Platforms Facilitating Access to Trading in Securities Listed in Foreign Markets’ stated that its attention has been “drawn to the existence of several providers of online investment and trading platforms which purportedly facilitate direct access of the investing public in the Federal Republic of Nigeria to securities of foreign Companies listed on Securities Exchanges registered in other jurisdictions. These platforms also claim to be operating in partnership with Capital Market operators (CMOs) registered with the Commission.”
“The Commission categorically states that by the provisions of Sections 67-70 of the Investments and Securities Act (ISA), 2007 and Rules 414 & 415 of the SEC Rules and Regulations, only foreign securities listed on any Exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public. Accordingly, CMOs who work in concert with the referenced online platforms are hereby notified of the Commission’s position and advised to desist henceforth.
“The Commission enjoins the investing public to seek clarification as may be required via its established channels of communication on investment products advertised through conventional or online mediums.”
However, Trove immediately released a statement, saying “Our attention has been drawn to the SEC circular that was recently issued.
“Please be aware that we are and will remain committed to being in compliance with all local laws and regulations. We have always maintained good standing with all existing compliance requirements and regulatory frameworks.
“Be rest assured that your funds and equities are safe and secure with Trove.
“Since the memorandum, we have been liaising with the SEC to get more clarity on the circular. We are also engaging with top level executives at our local partner brokers. Additionally, we have involved legal professionals to manage the on-going mediation.
“From all indications, we anticipate everything would be resolved.
“Kindly note that your US funds and equities are held in custody by Drivewealth LLC, a regulated broker dealer in the US and protected by the SIPC, for up to $500,000.
“You can continue your trading activities as normal as we are still fully capable of carrying out our responsibilities as usual.
“Be rest assured that we are on top of all the happenings and would actively communicate with you all as things progress. Thanks for all your support and confidence”
Bamboo also responded in a similar version to calm thousands of investors on its platform.
Richmond Bassey, CEO, Bamboo, in a statement sent to all registered investors said “We are aware of the recently released SEC circular about trading in foreign markets.
“First off, we want to assure you that your assets on Bamboo remain safe and easily accessible to you.
“We are already in discussions with the SEC and our broker partner and are fully committed to working with them to ensure your interests as our users are fully protected.
“We want to reassure you that there’s nothing to be concerned about. We are still able to carry out all our operations and will continue to do so. Should the situation change, we will inform and advise you on the best course of action.
“Thank you for your continued faith and trust in us. We will continue to put in all the hard work to serve you. Thank you.”
Konga Gives Free Bluetooth Headset in a Fresh Promo
Konga, a leading e-commerce company in Nigeria, has commenced a fresh promo tagged #AO2Promo for every Samsung Galaxy AO2 ordered.
Self-acclaimed Nigeria’s largest online mall said customers that ordered Samsung Galaxy AO2 on Kong will receive a free Bluetooth headset.
“What are you waiting for? FREE BLUETOOTH HEADSET is set for you.
“Just order your Samsung Galaxy A02 today on Konga & get a free Bluetooth Headset,” the company stated in a tweet.
In March, the e-commerce company announced Battle of the Brands to treat shoppers to the biggest deals and offers from top brands dominating segments.
Speaking on Battle of the Brands, Kenny Oriola, Vice President, Konga Online, said “Battle of the Brands is a time to decide who the best brands offering the biggest deals in the market are. Our customers have long waited for this campaign and many of them have expressed huge anticipation to see what each brand has to offer. As a top brand, you certainly do not want to disappoint your loyal customers.
“This is the time to show off the biggest deals and best offers as that is what shoppers are looking forward to. As a globally-renowned brand, you deserve to be seen on Battle of the Brands. We expect to see shoppers treated to a number of exclusive offers, mouth-watering deals, huge price slashes or even new products from the brands we have lined up for this campaign. Therefore, we are putting all our assets at the disposal of these brands in order to ensure that potential shoppers are satisfied,’’ he stated.
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