Etisalat collaborates with NIBSS to roll out BVN query service

Etisalat has collaborated with the Nigeria Inter-Bank Settlement System to roll out Bank Verification Number query service.
The service, which was unveiled at the NIBSS headquarters, is designed to help the banking Nigerian public query BVN services through their mobile phones.

This is coming on the heels of the extended deadline for the BVN registration, which ends on October 31 nationwide.
The BVN registration was a directive from the Central Bank of Nigeria to all commercial banks in the country to register all their customers biometrically in furtherance of the ‘Know Your Customer’ policy.
Speaking about the product, the Chief Marketing Officer, Etisalat Nigeria, Francesco Angelone, said the partnership with NIBSS on BVN notification service was in line with the telco’s commitment to creating value for the consumers across all sectors, including the banking and telecoms industries.
He said, “We are happy to be the first to offer this product among the operators because we believe that innovation is the way the telecoms industry must lead.
“We also think going in this direction of offering value to the banking public is another way Etisalat can show the telecoms industry the way to go. The integration with the banking industry is a pillar for development.”
Angelone added, “Etisalat subscribers can check their BVN registration status and number by dialing a code for an instant response at a cost of N10 per query.”
Also speaking, the Managing Director of NIBSS, Ade Shonubi, said the initiative was in response to growing public demand for confirmation of BVN status by those who had enrolled on the platform, just as he added that the BVN query service would boost such efforts like ‘Know-Your-Customer’ for banks.