Financial inclusion is the provision of a broad range of high quality financial products that are relevant, appropriate and affordable for the entire adult population, and particularly the low-income segment; Greater financial inclusion drives increased growth, leading to greater economic development and improving the lives of the general populace. We take pride in our ability to provide a range of low-cost and easily accessible financial services, for the banked, ‘un-banked’ and ‘under-banked’ population in Nigeria, which we believe bridges the financial services gap, through providing a ‘bank-like’ experience for the general populace, linking both formal and informal money transmission services.
Chams Mobile Ltd is a joint venture between Chams PLC (an indigenous listed ICT company) and Bancore AS (a Danish mobile financial services processor), having been awarded a mobile money (payments) license in 2012. Over the past 18 months particularly, Chams Mobile has evolved into a highly professional organization, offering a full range of Mobile–linked financial services. We were determined to offer real financial services value linked to a mobile Money wallet, rather than just a simple wallet offering. We have hopefully been able to achieve this.
Through linking physical and virtual visa cards to our basic wallet offering, and a range of unique ‘cash-in‘ and cash-out’ methods, such as loading with any bank card, we have a unique financial services product package which offers a real alternative for customers from the unbanked to high-net-worth.
Chams Mobile is linked to the broader financial services industry in Nigeria, including NIBSS (Nigerian Interbank system), banks, InterSwitch and Visa.
Our vision is for every Nigerian to be financially included, in terms of having simple and secured access to essential financial services because the benefits accruable to an efficient modern payment system achieve mush stated benefits for the economy as a whole.
Our mission is to offer our broad range of customers, value financial services which bridges the gap between simple mobile financial services and traditional banking, encompassing the broader financial services ecosystem in Nigeria, which is fully inclusive and low cost. Ease-of-use and accessibility (wide distribution) are key to our offerings.
Starting off as a privately owned business in 1985 Chams Plc has successfully migrated from the business of Computer Maintenance to the business of developing enterprise technology solutions in identity management, transactional card-based services, e-commerce and mobile payment system. Chams Plc remains the leading provider of Information Technology solutions in Nigeria, providing intelligent solutions to a wide range of public and private sector initiatives.
Bancore was founded in 2005 and is a leading financial service provider, covering a broad range of mobile banking and micro-payment services for international enterprises and merchants. Bancore employs in-house top-level programmers, development teams, sales and marketing staff and a specialized consulting team within micro-payment, card services, and mobile money transfers experience and associated skills.