Glo Unveils MoneyMaster PSB with G-Kala, set to Bridge Financial Inclusion

Posted by - October 10, 2022

In an effort to further bridge the financial inclusion gap in the country, Globacom, recently launched its payment service bank business called the MoneyMaster PSB. The PSB had since commenced commercial operations on May 30, 2022. In a statement shortly after the launch in Lagos, the telecom company said: “Our over-arching business objective remains to

Access Bank Moves to Dominate Agency Banking

Posted by - May 13, 2022

One of the leading financial institutions in Nigeria, Access Bank in its bid to enhance financial inclusion has noted its intentions to significantly increase its customer base and deepen wallet share of the banking population riding on its agency banking platform. Access Bank agency banking ‘Access Closa ’ recently hit a milestone of having 100,000

Fintech firms receives $400 million investment in 2019- CBN

Posted by - December 3, 2019

In efforts to build a more financial inclusion in the country, Fintech firms have seen capital inflow to the tune of $400 million in the year 2019. According to reports, the Central Bank of Nigeria (CBN), through its governor, Mr Godwin Emefiele revealed that this investment in fintech firms was part of the plan to

CBN Engages Fintechs to Drive Financial Inclusion

Posted by - October 30, 2019

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Mrs. Aishah Ahmad, recently, has charged financial technology companies (fintechs) to contribute in the drive to enhance financial inclusion in the country. The Managing Director, Ecobank Nigeria Limited, Mr. Patrick Akinwuntan, also disclosed that the bank has scrapped the USSD charges for its customers. According

FirstBank demystifying financial inclusion with XploreFirst

Posted by - May 31, 2019

Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 to achieve 80 per cent financial inclusion of adult population by 2020. The CBN carried out the campaign through agency banking, mobile banking/mobile payments, linkage models and client empowerment, to

AMMAN, EcosaHybrid Network Partner on Financial Inclusion

Posted by - May 16, 2019

  The Association of Mobile Money Agents in Nigeria (AMMAN) in alliance with EcosaHybrid Network, recently held a capacity building workshop with a major focus to bridge knowledge gap among financial inclusion agents and other core stakeholders in the industry The centre of attention, which was in the Northern part of the country, was designed