Royal Heritage Tata Ltd becomes Nigerian VCASH agent

Greater availability of VCASH

Mobile payments service provider VTNetwork Limited has entered into partnership with Royal Heritage Tata Ltd aiming to provide greater availability of VCASH in Nigeria (view press release). The agreement will allow authorised MasterAgents to purchase VCASH reload cards through Royal Heritage Tata Ltd and sell them to their customers. MasterAgents can also help load customers’ accounts directly, using the direct load method or by generating an ePin.

Current VTN customers deposit cash into the VTNetwork Limited Holding Company bank accounts at GTBank, Keystone Bank and EcoBank and Zenith Bank. Recipients of cash transfers withdraw via direct transfer to their bank accounts, which can then be accessed using their ATM cards.

Peter Ojo, the CEO/MD of VTNetwork Limited believes this method of funding through street corner agents is the best way to reach the over 70% of Nigerians who are unbanked.

MasterAgents can order cards from Royal Heritage Tata Ltd online, via their VTN MasterAgent accounts, and can choose to collect the cards themselves from Royal Heritage Tata Ltd offices at 1b GSS Hwak Road Trade Center, Kuru. Jos, Plateau State or to have their orders shipped via EMS-Speedpost.

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