Niger: MyNita Boosts Access to Digital Financial Services

By : Adoni Conrad Quenum

Date : vendredi, 06 septembre 2024 10:31

Launched in 2017, the solution aims to facilitate economic exchanges between Niger and its neighboring countries.

MyNita is a fintech solution developed by Niger Transfert d’Argent (Nita). It enables users to perform money transfers, payments, and bank transactions. Founded in 2017, the company is headquartered in Niamey, Niger, and is led by CEO Mahatan Cheferou.

The platform features a mobile application available on both iOS and Android, with over 100,000 downloads on the Play Store. Users can create an account by providing their personal information, a crucial step since the app was certified compliant with the Central Bank of West African States (BCEAO) regulations in May.

"NITA has implemented a robust client identification system, which is a key requirement of the BCEAO for all financial institutions operating in the West African Economic and Monetary Union (WAEMU) zone. This system ensures not only security but also integrity and transparency in financial transactions," according to the company’s press release.

Once registered, users can access a variety of services, including bill payments, purchasing goods within Niger, and buying airtime from telecom operators. For money transfers, users can send funds to another MyNita user or to individuals without an account. Recipients without the app can withdraw funds from a Nita agency using the transaction reference number.

The app’s dashboard allows users to track all transactions, giving them full visibility of their digital wallet activities. Transfer fees vary by country and city, and the app provides access to a list of Nita agencies within the WAEMU region, where MyNita is operational.

Adoni Conrad Quenum

 

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