By | Recognition

Teasy in the yuletide mood makes a quick stop at farmer’s market maitama to give out its branded bags to  fruit vendors. This is coming on a hill of Teasy’s ride to agent activation and part of our corporate social responsibility.

The vendor displaying Teasy’s branded bags




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Vendor receiving Teasy’s branded branded bags



Vendor receiving his Teasy branded branded bags


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A customer and a Vendor showcasing Teasy’s branded bags


Teasy Mobile has recently reached out to stores ( merchants) within and outside Abuja in adopting our payment system. Dear esteemed customer we hope you are having a wonderful experience with our products and services . To our prospective customers , start dialing *808# or download our app to become Teasy customer of the year.











CBN Licensed entities

By | Recognition

Below is a list of CBN Licensed entities as published on its website

Mobile Money Operators:

Bank Led

  1. Ecobank Nigeria Plc
  2. Fortis Mobile Money
  3. GT Bank Plc
  4. Stanbic IBTC
  5. Zenith Bank Plc
  6. Access Bank Plc
  7. Fidelity Bank Plc

Non-Bank Led

  1. Cellulant Nigeria Limited
  2. Chams Mobile
  3. Eartholeum Networks Limited
  4. eTranzact International Plc
  5. FETS Solution Nigeria Ltd
  6. MKudi Limited
  7. Pagatech
  8. Parkway Projects Limited
  9. Pay Com Nigeria Limited
  10. Pridar System Limited
  11. Teasy International Company Ltd
  12. VTNetwork Limited
  13. Zinternet Nigeria Limited
  14. Hedonmark Management Services Ltdd

Teasy combines NFC and biometrics for payments in Nigeria

By | Innovations

Nigerian mobile payments provider Teasy Mobile is to equip its mobile money agents with POS terminals that use biometric technology to verify a consumer and NFC to allow them to make a payment.

Teasy Mobile

VeriFone Mobile Money, a joint venture between POS maker Verifone and Mobilis Networks that also supplies Tonga’s NFC-based Beep and Go mobile money service, will provide Teasy Mobile with its Verifone Mobile Money wallet solution and retail switch. Teasy will also “work closely with local industry players to roll out Verifone contactless POS devices as part of the solution.”

Merchants will be using Verifone’s VX520 POS system and Teasy will also enable agents to use NFC phones running a merchant app to process payments.

Consumers will be able to make payments using an NFC phone or with an NFC tag, supplied by Israel-based labeling solutions provider Tadbik.

“When paying with a registered Teasy wallet, it’s an easy and fast process,” Teasy Mobile explained to NFC World. “The merchant keys in the amount of the desired transaction type — purchase, deposit, withdrawal, etc — on the POS terminal. The customer taps the phone on the POS, followed by entering a PIN and it’s done.”

“Biometric data can be used as an extra [know your customer] requirement for certain transaction values,” the company continued.

“We are very excited with the market opportunity this solution will bring us,” Teasy’s Musa Ali Baba says. “We believe that, while the market is growing quickly for mobile wallets, we will be able to roll out a mixture of point of sale and mobile wallet technology, thus capturing all points at which the customer will transact.

“VeriFone Mobile Money has provided a very advanced yet easy-to-use solution to Teasy that will add value to the Nigeria Cashless Vision and allow for alternative and easier ways to make payments benefiting Nigeria and the industry as a whole, and we are very excited to enter into this partnership.”

“Nigeria is a rapidly advancing and sophisticated mobile money market, and there are many mobile wallet providers already in the Nigerian market,” adds Chris Jones, CEO at VeriFone Mobile Money.

“With Teasy Mobile, VeriFone Mobile Money will be offering a market first in Nigeria delivering Teasy customers frictionless, fast and secure transactions at the agents’ point of sale.”

Teasy Mobile Money Partners with National Union of Road Transport Workers

By | Partnership

As part of its mandate in facilitating the cashless policy initiated by the Central Bank of Nigeria, Teasy Mobile Money recently licensed mobile financial institution in Nigeria has gone into strategic partnership with National Union of Road Transport Workers (NURTW). The agreement between NURTW and Teasy International was signed at the NURTW National headquarters in Abuja on July 2013. The strategic alliance is expected to further drive financial inclusion, which allows the average Nigerian have access to formal financial services with ease and convenience through the use of mobile phones and also at close proximity such as the nearest motor parks.

The National President of the Union, Alhaji NajeemUsman Yasin In a statement during the National Executive Council Meeting held at Arewa House in Kaduna on July 4th 2013, stated “I am honoured to inform you that the executives of this great union have signed an agreementwith Teasy International Company Limited (Teasy Mobile Money) on behalf of NURTW. Teasy is licensed by CBN and a member of the Association of Licensed Mobile Payment Operators. The partnership will ensure better efficiency and safety in the money transfer business – and as we move towards Cashless Economy, this will solve many other concerns that we have about the policy. We know that money transfer makes money for our branches. But as a financial service, it must be regulated by the appropriate government body (CBN). So in conforming with the laws, we have decided to partner with a financial service provider that is licensed by the CBN (Teasy Mobile Money to carry out such services).”



The Managing Director, Teasy Mobile Money, Mr. Musa Ali Baba highlighted the importance of the partnership in deepening access to financial service in the country.With Teasy Mobile Money customers have a product that allows them to save, spend, and transfer money using their mobile phones. The partnership with NURTW allows for customers of the service to deposit or withdraw money at all NURTW motor parks in the country. This is to ease the challenge of distance or cost of getting to a commercial bank.


Teasy Sponsors Mobile Money Expo 2013

By | Sponsorship

Teasy International Company Ltd, herein referred to as Teasy Mobile Money, a recently licensed mobile money operator will be one of the sponsors of this year’s Mobile Money Expo that is to take place in the Lagos Oriental Hotel, Victoria Island, between the 6th and 7th of February.  The 2013 Expo will be sponsored by Eskimi, Teasy Mobile Money, StanbicIBTC and Mfino and is themed ‘Promoting Inter-operability’: Unlocking the growth of mobile money’.

Teasy Mobile Money is eager to play its part in fully integrating mobile money into the Nigerian financial system. When asked about the company, Agbolade Odunyemi, the ED Sales and Marketing, said, ‘We believe that the Nigerian market will be experiencing in Teasy Mobile Money an innovative financial product that meets all the customers have wanted for a long time now. Teasy Mobile Money is reliable, safe, secure, easily accessible, innovative, creative and customer focused. It is with those traits in mind that we have co-sponsored the Expo and wishes to allow potential customers to experience and learn more about Teasy Mobile Money and what we can offer them’.

The 2013 Expo will be the 3rd of its kind and is a leading continental event in the mobile money ecosystem calendar. The two day summit will bring together stakeholders from technology, application providers, financial institutions, regulators, agency network and mobile network operators. They are expected to deliberate on issues in the mobile money environment in Africa and proffer solutions to the industry’s challenges.

The 2013 event will have workshops and panel sessions by leading subject matter experts to keep delegates up to date with mobile financial services developments that will have occurred across Africa. The Managing Director of Teasy Mobile Money will give a keynote speech whilst members of staff of the company will be at their exhibition stand ready to explain their products and services and give product demonstrations to anyone interested enough to visit them. There will be the usual giveaways and Teasy Mobile Money plans to have a raffle draw at the end of the event for a newly registered customer to win a Blackberry phone. As Mr Odunyemi says, ‘It’s easy with Teasy!’


By | Partnership



Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone.

This is part of their efforts to implement financial services inclusion of the Central Bank of Nigeria (CBN) to everyone in the society.

Part of CBN’s 2020 Financial System goals is the implementation of the Cashless Policy and Financial Inclusion Strategy,  aimed at ensuring that Nigerians get access to financial services in order to grow their financial capacity and that of the economy as a whole.

Jaiz Bank was licensed by the CBN to provide financial services to all based on ethical principles of fairness, profit sharing, transparency and objectivity and other tenets of Islamic banking.

Speaking during the signing ceremony, the Acting Managing Director of Jaiz, Hassan Usman highlighted the importance of the collaboration as integral to reaching a critical group in Nigeria that has been excluded from the banking system due to the high cost associated with accessing the service.  The strategic partnership between the two companies is expected to drive financial inclusion in Nigeria even further.

By integrating with the Teasy Mobile Money platform, Jaiz Bank will provide its customers access to its alternative banking services, straight from their mobile phones. Jaiz bank will collaborate with Teasy Mobile Money in developing programs, projects and other activities that are targeted at providing a robust mobile payment and deposit platform capable of delivering end-to-end mobile banking solutions. The service will allow customers to have access to their money beyond banking hours, anywhere. Additionally, Teasy Mobile Money customers will now be able to use Jaiz Bank offices nationwide as Service Points.

Speaking on the partnership, the Managing Director of Teasy International Musa Ali Baba said,” We see this as a “win, win, WIN” arrangement. Through this collaboration, Jaiz wins, Teasy wins but, most importantly the customers are the big winners. Both companies have been licensed by the CBN to address identified gaps in the financial system. In this instance, we have identified areas where our respective gaps overlap and shall now drive to close them.”

Teasy with offices in Abuja, Lagos and Kano are recruiting agents across the country in order to ensure Nigerians have access to services anywhere they are.

With this innovative product from Teasy Mobile Money, Jaiz Bank customers will enjoy the convenience of making financial transactions at anytime from the comfort of their homes, places of work, or even whilst travelling.