NCC foresees great future for Channel VAS operation in Nigeria

The Nigerian Communications Commission (NCC) has said that great future awaits Channel VAS operations in Nigeria, given the recent announcement by another major global investor, South Africa-based Ethos, to choose Channel VAS to invest $50 million in the leading mobile financial and data analytics firm.

Chairman of NCC, Senator Olabiyi Durojaiye, who made the disclosure during a meeting during the just-concluded AfricaCom convention in Cape Town, South Africa, where both men delivered keynote speeches on the opening day of the global event, congratulated Channel VAS founder and Chief Executive Officer, Mr Bassim Haidar for his company’s achievements.

Durojaiye commended the continuous growth of Channel VAS and its achievements in recent times.

Channel VAS is a market-leading provider of mobile financial services, big data analytics and airtime credit services to mobile subscribers in Africa, the Middle East, Asia, Latin America and Europe, through internationally patented proprietary technology.

“It gives me great pleasure to watch the continuous growth of Channel VAS, a company that has originated out of Nigeria.

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“The achievements, including a continuously growing global footprint, patenting of innovative intellectual properties internationally and drawing the interest of large investment groups worldwide, are truly commendable. NCC and myself personally will continue our unwavering support to companies like Channel VAS to grow even more and honor their origins,” Durojaiye said.

Responding, Haidar said:I will like to thank the Senator for all his support to Channel VAS and Nigerian businesses over the years. Channel VAS has been at th”e forefront of the FinTech revolution through mobile finance from its very beginning, so working together with visionary investors such as Ethos will help us continue to expand our already massive geographical footprint at an even faster pace, bringing financial inclusion to more unbanked and underserved people globally through our innovative services.”

Channel VAS is the premium FinTech and data analytics provider, offering mobile financial services, micro and nano cash loans, handset loans and airtime/data loans through big data and proprietary analytics tools. It is currently operating in more than 30 countries globally, working together with over 27 Mobile Network Operators (MNOs).