Nigeria, Oct. 11 -- A Nigerian firm, Softcom, has launched an innovative payment solution product named Eyowo, which it says will revolutionise how people send, spend, save, receive and borrow money.

The company said that Eyowo aims to provide simple, modern and reliable financial services to anyone with a phone number. This includes consumers, retailers, businesses, and developers.

"Eyowo was created in an attempt to solve the financial inclusion problem in Nigeria. Today, we are launching a bank for all", Eyowo CEO, Tomi Amao, said at the launch of the platform in Lagos on Thursday.

"Our target market is everyone who has a payment need and has a phone number. This includes people and businesses who want to make or receive payments fo...