By Emeka Aginam

As part of the Cashless Initiative of the  Central Bank of Nigeria, CBN, Computer Warehouse Group Plc has extended the MTN XaaS platform to power the Diamond Y’ello Account in collaboration with Diamond Bank and MTN Nigeria. MTN XaaS runs on indigenous software from Computer Warehouse Group Plc designed to provide efficient cloud-based banking services.

Diamond Y’ello Account is a mobile banking product built on MTNXaas platform to enable MTN subscribers, including the unbanked and under-banked populace in Nigeria enjoy the banking services from Diamond Bank.

The Diamond Y’ello Account allows automatic account opening just at the dial of *710# by all MTN subscribers, presently put at 58.4 million. At the  launch of the service, the Managing Director and Chief Executive Officer of Diamond Bank, Dr. Alex Otti, said the move was aimed at deepening the cash-less initiative, considering that only about 40 million out of the estimated over 150 million Nigerians have a bank account.

For the  Managing Director and Chief Executive Officer of MTN Nigeria, Mr. Michael Ikpoki, MTN  is ready to absorb the anticipated surge into her digital solutions, allaying fears of disruptions.