People resident in rural communities in Kaduna state will no longer have to travel for long hours to make simple bank transactions.

The Central Bank of Nigeria has announced plans to expand its cashless policy with the introduction of a new mobile money service. The services will be provided through a synergy with Unity Bank.

Managing Director and Chief Executive Officer of Bizi Mobile, Aminu Bizi, said M-Mobile would go a long way in reducing the suffering of rural folk where there were no banks.

“Even people without bank accounts can receive money from abroad through the use of reference numbers,” Bizi added.

Meanwhile, Bizi Mobile has been exhibiting at the Kaduna International Trade Fair, which Deputy Kaduna Governor Barnabas Bala Bantex opened last week.

Bizi adds that his agency’s presence at the fair was to use the opportunity of visitors from all over the country to create awareness on the need to embrace the cashless policy of the CBN.

“We would be promoting the cashless policy which is coming into introduction from April 1, 2017. We will also teach people how to transfer money with their phones or other mobile devices from the comfort of their homes.”

Over 40 percent of the 185 million Nigerian population, mostly rural, is unbanked.