Nigeria: MoneyMaster PSB, powered by Glo, expands its customer base

Glo-Powered MoneyMaster Payment Service Bank (MMPSB), a prominent payment service bank, has experienced significant customer growth following the introduction of new services to its offerings.

The positive growth remarkable growth can be attributed to recent innovations and services aimed at delighting customers nationwide.

MoneyMaster PSB, licensed by the Central Bank of Nigeria (CBN) in August 2020, facilitates various financial services including payments, remittances, deposit-taking from individuals and small businesses, issuance of debit and prepaid cards, operation of electronic wallets, inbound remittances, and other services in compliance with CBN regulations.

Targeting the unbanked and under-banked population in Nigeria to enhance financial inclusion, MoneyMaster PSB launched its commercial operations in May 2022. It has since witnessed significant growth in its client base, with hundreds of potential customers utilizing its digital channels like USSD, mobile app, and internet banking for various transactions including account opening, airtime and data purchases, utility bill payments, and more.

Reports suggest an increasing number of Nigerians are opting to join the bank to access its diverse range of services and conduct their financial transactions conveniently, all while being assured of the security of their transactions.

The MMPSB platform boasts over 4,000 billers, a number that continues to grow daily. Customers can conveniently utilize the platform to pay for essential services including airtime, data, electricity, cable subscriptions, and more.

Customers of the payment service bank can anticipate even greater promise in the near future as it prepares to enhance customer experience through retooling and reengineering. The bank is poised to unveil several new initiatives aimed at delighting customers in the coming days.