In today’s Nigeria, mobile money has become an increasingly popular way for daily financial transactions. This has created so many options, and choosing the right platform can be overwhelming. If in your research to find a suitable option, you stumbled upon Fortis Mobile Money and you want to know more, then this article is for you.
We will see the details of Fortis Mobile Money, a licensed mobile money operator in Nigeria. We’ll explore its features, and account creation process, and uncover some potential drawbacks to consider before you sign up. By the end, you’ll be well-equipped to decide if Fortis Mobile Money is for you.
Fortis Mobile Money is a CBN-licensed mobile money operator in Nigeria. It prides itself as a bank geared towards providing an inclusive banking service to the people at the bottom of the financial pyramid.
Fortis Mobile Money is among the list of CBN-licensed mobile money operators in Nigeria. This means that their deployments conform to both the local regulations and the international security standards. The Fortis Mobile Money is a sister institution to the then Fortis microfinance bank in Abuja, whose license was revoked by CBN and liquidated by NDIC in 2018. Let’s look at what you should expect from the Fortis mobile money.
With the Fortis mobile money application, you can easily do all basic transactions. You can send and receive money, purchase airtime, and subscribe to TV networks. You can also make utility bill payments like Electricity (prepaid), Road Transport (ABC Motors), etc.
According to the Fortis website, you can also easily save and budget your income by using the application.I couldn’t confirm this as the app isn’t accepting new users at the moment, but immediately I have hands-on experience, I’ll update you.
Other information on their website is that they have a provision for ATM cards, which can be requested by both their agents and customers. The Fortis application also provides NFC contactless cards and QR code payments.
Fortis Mobile, like every other licensed mobile money operator in Nigeria, requires you to open an account using your valid phone number and either your National Identification Number (NIN) or Bank Verification Number (BVN).
Before proceeding to sign up, you must choose whether you’re opening the account for personal use or for your business. You follow the KYC, answer all the questions correctly, and you’ll be ready to use your account.
The Fortis account can also be accessed through a short banking code. In a bid to reach small and medium enterprises and SMEs, you can use your mobile phone, without the Internet, to create and manage your Fortis account. The USSD code is *540#, although it is currently not available☹️.
Even though Fortis Mobile Money has been in existence since 2010, the mobile app, “FortisPay,” was recently released. FortisPay was released on the Play Store on the 4th of April 2024. The app has already taken a good leap, with over a hundred downloads on the Play Store in a month. However, there are no downloads on the App Store at the moment.
The Fortis Mobile Money on the Play Store has 2 reviews with a 5.0 rating each. However, it will take more than that to ascertain the features of the app.
Fortis Mobile Money is one app that I would advise that it’s only people in its locality to “try out”, with just a small amount. Firstly, because it is a known fact that their sister bank’s license was revoked and the bank was liquidated. This poses a strain and fear of the authenticity of the platform.
Another reason I would recommend the app for only Abuja residents is that they only have their office in the federal capital, Abuja. So in the event of any problem, you can easily walk into their office to stir things up.
I recommend that Fortis get their marketing geared up; their last official video ad was 11 years ago, too bad. They should also improve the user experience design of the application to allow the users to have a feel of the goodness they offer.
If you want to try out other licensed mobile money operators in Nigeria, check out Palmpay, Opay, Paga, KongaPay, PocketApp, NowNow, Kegow, Parkway, and FirstBank-owned FirstMonie.
To have a Fortis Mobile Money POS that you use at your place of work, which also qualifies you as an agent, you will need the following:
– Your Bank Verification Number, BVN,
– A copy of your government-issued ID card, i.e, NIN, international passport, or driver’s license,
– A copy of the above document for your guarantor,
– Your recent passport photograph,
– A utility bill within the range of three months, and
– Your business CAC registration.
The Company is located at 2 Lobito Crescent, Off Adetokunbo Ademola Wuse 2, Abuja, FCT 23409, NG. You can also call them at 0809 888 8076.
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