Gravitas Investments Limited, an urban developer, and 9Mobile, a telecommunications company, have signed agreements to provide telecommunications, Internet of Things (IoT) and digital banking services on Gracefield Island.
Gracefield Island is an emerging city developed by Gravitas on land reclaimed from the Lagos Lagoon. The town is located approximately 2 kilometers from the shore of Chevron Drive, near the future regional road Lekki-Freedom Way, Lagos.
Through this partnership, 9Mobile is expected to engender a mutually beneficial relationship in which Gracefield, as a technology-driven smart city, will provide the market and ecosystem necessary for 9Mobile to deploy its services, including its new payment services bank. , 9PSB.
Currently, 9mobile has a kiosk on Gracefield Island that serves people who want to purchase SIM cards; register the SIM card, activate new lines, replace misplaced cards or exchange them. People can also purchase airtime, VTU top-ups or normal airtime vouchers at the kiosk. This is in addition to the extensive telecommunications infrastructure that 9Mobile has already deployed by setting up its mast on the island.
But with the new relationship, according to 9Mobile CEO Juergen Peschel, the company plans to have a standard VIP experience center in Gracefield so that “when you walk into the 9mobile experience center, we want you to have the feeling that “yes I am a very important person.
Peschel, who was represented at the event by Phillip Oki, the company’s chief financial officer, however, noted that as Gracefield Island is an upcoming cosmopolitan city, still in the infrastructure building stage, they will pace construction of the center of experience to be in phase with development on the island.
9Mobile has also made a very significant commitment to rolling out fiber connectivity on the island. This will start from the third quarter (Q3) of this year and it is expected that the fiber (FTH) will be in place by the end of this year.
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In addition to telecommunications services and the rollout of fiber connectivity, 9Mobile will also roll out its fintech banking services known as 9Payment Service Bank (9PSB) which will offer online banking services to residents of Gracefield and showcase the harvest of hundreds of people. who are currently working on different aspects. construction on the island.
According to Henry Odudu, 9Mobile Partner Recruitment Manager, who gave a presentation on the 9PSB initiative, “We basically operate a branch network to bring banking products to everyone here on this island. Residents will be able to withdraw from money, make transfers and pay bills.
“What we intend to do with our partnership with Gravitas on Gracefield Island is to bring banking service to the residents of this island,” Odudu said, revealing that they have partnered with several fintech companies like Flutterwave and Paystack for efficient service delivery.
It is also in their plan to integrate Gravitas staff payroll so staff can be paid through the 9PSB payroll system. This exposes Island City residents to services such as bill payment, airtime and data subscription, cashing out, cashing out, account opening, merchant services and transfers.
Earlier, Olufemi Babalola, managing director of Gravitas Investments, noted that Gracefield Island was a project launched to create a new neighborhood that will function as an integrated city.
“This is a cosmopolitan new development that will support a great lifestyle of living in a serene neighborhood, working in a vibrant area and enjoying safe play on the bustling boardwalk, quiet park, biking on the dedicated lanes or the storefront of the commercial district which offers variety. These started as a vision, but are now coming to fruition as a project,” Babalola said.
That’s why, he said, it was interesting for them at Gravitas that 9Mobile understood the vision and was ready to be part of it. He further noted that by signing the partnership agreement, the telecom company has essentially re-committed itself to supporting what Gravitas has pledged to achieve.
“People talk about smart city, sustainable city, etc., we are set up to do all of this on Gracefield Island by the very master plan of the project. Our lead consultant, Zutari from South Africa, is a global leader in sustainable design,” he revealed.