ChezolaPay is a new mobile payment service soon to be offered in Nigeria. The application was developed by a Canadian company, but will be rolling out in its first African country this year. In order to use it, you must have a GSM enabled phone and the money gets transferred via an SMS message. Your account is charged up via prepaid cards.
Going by their vendor list, the bank that will be handling the services will be First City Monument Bank Plc.
If you’re in Nigeria and are going to be using the service, take the time to look at the different types of accounts. You can choose from Individual, Family or Corporate.
So, this is an interesting development, and a much needed step in the right direction. However, I don’t think this is the final answer for mobile payments in Africa. I stand by my earlier posts; African needs a mobile payment platform that is both banking AND carrier agnostic. I hope that someone like Herman Chinery-Hesse can actually develop his visionary platform.