CWG Plc, a leading ICT Company is excited about impact of its technology deployment, offering solutions that are enabling economic growth across sectors. As part of this purposeful drive to use cutting edge technology in reshaping Financial Services Institutions in Nigeria and other countries where it has operations, Ghana, Uganda and Cameroun, CWG says it’s proud to be the architect of the Diamond Bank Mobile Banking Application, which today boast of over four million users.
The Pan-African Information Technology Company, CWG Plc, which had in 2014, designed and built the mobile banking application tagged the Diamond Y’ello Account (DYA) for Diamond Bank, in partnership with MTN; said with the announcement by the bank that the application has so far attracted over 4 million users, is a testament to the fact that the DYA powered by CWG has demonstrated significant prospects.
According to CWG’s CEO, James Agada, the Diamond Y’ello Account was designed to enable MTN subscribers enjoy banking services from Diamond Bank using their mobile phones within the convenience of their varying locations. He said it was deliberately targeted to the unbanked and under-banked populace in Nigeria, which formed 45% of the adult population.
“Today, we are happy to inform Nigerians that one of our locally built technology solutions tagged the Diamond Y’ello Account (DYA) has made significant progress in the Banking Industry; with over four million users presently using the application to meet their daily financial needs,” Agada noted.
He disclosed that the mobile banking application provides easy access to a broad range of financial products that are tailored to meet consumers’ needs, at an affordable cost. Some of these financial products include bills payment, savings, retail collections, microcredit and insurance transactions.
Diamond Bank had last week announced through a statement by Robert Giles, Head, Retail Banking Businesses that it has recorded two significant milestones in its digital banking drive with the signing up of record two million subscribers each on its flagship mobile banking app –Diamond Mobile app, and its Diamond Y’ello account. The statement went on to state that the Diamond Y’ello account allows Diamond Bank customers to perform a wide range of banking transactions from their MTN phones without data or Wi-Fi connectivity.
