September 02, (THEWILL) – Fintech giant, Moniepoint, has taken great strides towards supporting the Central Bank of Nigeria’s ambitious goal of achieving 95 per cent financial inclusion by 2024, by unveiling its personal banking initiative.
This strategic move aims to expedite and improve access to diverse, affordable, and tailored financial services that cater to the distinctive needs and circumstances of individuals, as well as small and medium-sized businesses across Nigeria.
Buoyed by its experience and emergence as the definitive bank for small and medium-sized businesses in the country with over 1.6 million organizations leveraging Moniepoint’s payments, credit and business management tools for socioeconomic growth and stability, the bank is committed to aggressively deploying its technical knowhow to guarantee reliability for people that are not included in recognition of the transformative potential that broader financial access holds for all strata of society.
According to Babatunde Olofin, the Acting Managing Director of the fintech company, introduction of personal banking is aimed at financial inclusion and the opportunity to power the financial happiness of millions of people across the continent.
“We have powered the dreams of a lot of business owners, and we know what individuals need. We want to include everyone from the regular Okada rider, the market woman in the financial services space.
“We have built our infrastructure in such a way that it is very elastic. As transactions grow, we are able to expand our infrastructure and this is because we have several monitoring tools that help us to monitor how transactions are growing. Also, in every nook and cranny of the nation, we have our business relationship representatives”.
Moniepoint believes firmly that financial inclusion is a commitment to uplift communities, nurture businesses, and enrich individual lives.
Olofin also reveals that the financial institution now averages $12 billion worth of transactions monthly as more businesses continue to embrace digital payment in Nigeria.
The fintech company also boasts of over 1.6 million businesses on its service roaster and it is targeting at least 4.8million retail customers in the first three months of it’s personal banking venture.
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