Coris Bank International and Moov Africa signed a partnership agreement for the distribution of Moov Money on Wednesday April 12, 2023. The objective of this partnership is to strengthen the distribution network of Moov Money and at the same time contribute to financial inclusion in Burkina Faso.
In order to strengthen the distribution network, Moov Money Burkina proposed to Coris Bank International (CBI) to take on the role of super-distributor of the mobile payment solution, Moov Money. Moov Money, it should be remembered, is a solution that allows customers and users to make money transfers, deposits and withdrawals of money anywhere in Burkina Faso and to make bank transfers, etc.
« With a partner like Coris Bank International, distributors, retailers and Moov Money merchants will now be able to be supplied by the super distributor Coris Bank“, indicated the general manager of Moov Africa Burkina, Abdelillah El Aydi, following signing the agreement with Coris Bank.
Now, he said, Moov Africa customers, account holders (Moov Money, editor’s note) will now be able to easily withdraw money from their Moov Money accounts, without a bank card, from multiple Coris ATMs Bank securely, 24 hours a day ».
The director of Cois Bank, Gisèle Gumedzoé, made it known: ” today we have 63 branches and 73 ATMs and Moov Africa customers will be able to carry out their transactions throughout the Coris Bank network “. This partnership, she acknowledged, is a win-win partnership:
« We are the first bank in Burkina Faso. We work for financial inclusion. We want everyone to have access to banking. You know that in remote areas not everyone can access banks, not everyone can access a bank account or have a check book. Today is an opportunity that we allow the people of Burkina Faso to have something to use for their expenses. It is a great joy for Coris to be able to contribute to this financial inclusion.».
But how to withdraw money from a Moov Money account via ATMs and ATMs. According to the presentation of the fruit of the Moov Africa/Coris Bank partnership made during this launch ceremony, the withdrawal operation is carried out in two stages. For the first step, the mobile phone of the Moov Africa client
✔ Type *555#.
✔ Type 3 to choose “Banks Insurance Finance”.
✔ Type 1 to choose “Bank”.
✔ Type 3 to choose “Coris Bank”.
✔ Type 5 to choose “ATM withdrawal”.
✔ Enter the amount to withdraw (the amount must be a multiple of 5000 and less than or equal to 400,000 F).
A confidential 06-digit code will be sent to you by SMS. It is this code that you will use to make the withdrawal at the ATM (keep it close for the rest of the operation).
- The validity of the generated code is 4 hours.
As for the 2e step concerning the withdrawal at the ATM Coris Bank International:
On the GAB Coris Bank international screen, press the key opposite “Mobile Money.”
Choose the desired language (“French” or “English”) by pressing the corresponding button.
Press “Continue”.
Enter the 6-digit confidential code that was sent to you by SMS during the initiation, then press “Validate”.
Enter your telephone number (8 digits) then validate by pressing the “Validate” key.
Enter the amount of the withdrawal, validate to confirm, then choose if you
Whether or not you want a receipt. The ATM presents the banknotes to you. Remove them quickly before they are swallowed.
As a reminder, the sum to be withdrawn according to the presenter, Kassoum Guigma, commercial at Moov Africa, must be a multiple of 5,000, must not exceed 400,000 FCFA and it is not possible to go beyond 5 withdrawals. per day. The presenter of this new product clarified to conclude that the rate retained is 1% of the amount withdrawn.
Hamadou OUEDRAOGO
Mireille ZONGO (trainee)
Burkina 24
