Tag: financial inclusion

Software Group Launches Accelerated Agent Banking

Software Group Launches Accelerated Agent Banking By Zeenat Sambo Software Group (SoftwareGroup.com), a global financial technology provider, has announced the launch of its Fast-track Agency Banking software for Nigerian banks looking to expand their reach and speed at a competitive cost. Fast-track Agency Banking is an out-of-the-box solution with standard functionality for key transactions, fully […]

Company Launches Accelerated Agency Banking to Accelerate the Race to Reach the Unbanked

Software Group, a global fintech provider, has announced the launch of its Fast-track Agency banking software for Nigerian banks looking to expand their reach quickly and cost competitively. Fast-track Agency Banking is an out-of-the-box solution with standard functionality for key transactions, fully managed on the cloud. It is powered by Software Group’s DigiWave banking platform […]

Starting a bank branch Yep! Gets $1.5 million for expansion

People no longer need to go to banks to make specific transactions because we now have merchant banks all around us to help us. These banks exist as human-run point-of-sale systems. These individuals are considered human ATMs. Banks and telecom operators, as well as startups such as Chinese-backed unicorn OPay and TeamApt, are major players. […]

NIPOST plans biometrics and agency banking to push financial inclusion in Nigeria

The Nigerian Postal Service (NIPOST) is contributing to the country’s financial inclusion efforts in the form of a biometric registration campaign, as it expects to see an announced agency banking platform fully operational soon. The system in question was unveiled in January, but is expected to officially launch this month, according to a Tech Point […]

Backed by Y Combinator, Nigerian agency banking startup CrowdForce raises $3.6m in pre-Series A

CrowdForce will use the capital to expand its team, geographic operations and marketing to increase its agent network. CrowdForce aims to triple its 6,000 active agents this year. The company will distribute more point-of-sale (PoS) terminals to small businesses – gas stations, pharmacies and aggregators/resellers – which act as mobile banking branches. CrowdForce has been […]

CrowdForce Secures $3.6M to Expand Agent Banking Network

By Modupe Gbadeyanka In order to deepen financial inclusion in Nigeria, there is an urgent need for all stakeholders in the financial ecosystem, including content creators, to work collectively to develop and implement a digital content strategy for unbanked people in order to move the needle of financial inclusion and ultimately advance the economy, society […]

Ecobank Nigeria expands bank branches to 50,000

By Modupe Gbadeyanka Ecobank Nigeria now has over 50,000 bank branches across the country, helping the Central Bank of Nigeria (CBN) achieve its financial inclusion drive. “In addition to fostering financial inclusion for the unbanked and underbanked, we are improving community banking services with our 50,000 agent outlets across Nigeria. “Ecobank’s vision is to use […]

HNB Partners SLT-MOBITEL to Launch Island-Wide “Ithuru Ithuru” Agency Banking Service Using mCash Agent Network

Two of Sri Lanka’s banking and telecommunications giants, HNB PLC and SLT-MOBITEL, have announced a landmark partnership to launch “HNB Ithuru Ithuru”, a branch banking service that will enable HNB customers to make deposits into general and minor savings accounts of HNB through certain mCash Agents of SLT-MOBITEL. Aiming to dramatically expand financial inclusion while […]

Bank branch with NIPOST, crypto beyond trading, Periculum’s credit analysis tool

This post is a delayed version of Summary of technical points, a weekly newsletter that provides updates on major African tech events. You can start receiving it hours before everyone else if you subscribe now Salvation, Today I discuss: The banking ambitions of NIPOST Other Use Cases for Cryptography Creditworthiness in the African Context NIPOST’s […]

NIPOST unveils debit card, branch banking to boost Nigeria’s digital economy

Minister of Communications and Digital Economy, Prof. Isa Pantami unveiled the Nigerian Postal Service (NIPOST) Debit Card, an agency banking platform to deepen financial inclusion and boost the digital economy from Nigeria. This comes as the minister also launched 27 courier service vehicles to enable NIPOST and its partner Speedaf Express to compete favorably in […]

Standard Chartered launches bank branch

Standard Chartered launched its agent banking service as part of its digital banking proposition to customers. Speaking at the signing ceremony in Lagos, Standard Chartered Bank Nigeria Limited’s Head of Personal, Personal and Business Banking Services, David Idoro, said: Our presence in retail banking in Nigeria. “We believe that one of the main means of […]

FairMoney plans savings products and agency banking in 2022

Sunday, December 19, 2021 / 07:00 / Josephine Eriyo for WebTV/Header Image Credit: FairMoney FairMoney, the digital bank driving financial inclusion for the Nigerian mass market, plans to roll out savings products and deepen agency banking in 2022. This was among the critical issues highlighted during a recent briefing to assess activities in 2021 and […]

FairMoney plans savings products, branch banking services in 2022

Sunday, December 19, 2021 / 7:00 a.m. / Josephine Eriyo for WebTV / Header Image credit: FairMoney FairMoney, the digital bank that drives financial inclusion for the Nigerian mass market, plans to roll out savings products and deepen agency banking in 2022. This was among the critical issues highlighted in a recent briefing to assess […]

Kenyan fintech offers Africa’s first shared agency banking platform

NAIROBI, Kenya, December 8 – Eclectics International, a Kenya-owned fintech company, has been recognized for successfully developing and deploying a proprietary shared agency banking platform in Uganda, the first in Africa. A shared agency banking platform takes an approach that allows multiple financial institutions to share agency banking infrastructure and technology to serve clients. Launched […]

Eclectics International develops the first shared agency banking platform in Africa

Eclectics International, a Kenya-owned fintech company, has developed Africa’s first shared agency banking system offering all banks’ services on a single platform. The shared agency banking platform that is now available in Uganda has been attributed to increased financial inclusion in the country by extending financial services to the under-banked and unbanked population, mainly in […]

Branch banking services create wealth for more Nigerians

High unemployment, economic hardship and the quest for survival are some of the factors now pushing many Nigerians to take advantage of the opportunities created by the Financial Inclusion Initiative led by the Central Bank of Nigeria. The current economic difficulties of many Nigerians have clearly awakened their survival instincts in the face of a […]

Ecobank Nigeria Expands Bank Branches to 35,000

By Modupe Gbadeyanka One lender deepening the Central Bank of Nigeria’s (CBN) financial inclusion campaign is undoubtedly Ecobank Nigeria Limited. Within three months, the financial institution has expanded its bank branches across the country by 5,000, reaching 35,000 places, according to its managing director, Mr. Patrick Akinwuntan. The bank was able to achieve this feat […]

Tanzania: CRDB Bank and Posts Corporation relaunch banking agreement with the agency

Dar es Salaam – CRDB Bank Plc and the Tanzania Posts Corporation (TPC) yesterday relaunched their agency banking agreement with the aim of strengthening their joint involvement in the country’s financial inclusion program. The improved deal aims to ensure that more and more Tanzanians are able to obtain CRDB Bank services at TPC offices across […]

CRDB Bank and Posts Corporation Relaunch Agency Banking Agreement

By Rosemary Mirondo Dar es Salaam. CRDB Bank Plc and Tanzania Posts Corporation (TPC) yesterday relaunched their agency banking agreement in a bid to strengthen their joint involvement in the country’s financial inclusion agenda. The improved agreement aims to ensure that more Tanzanians can benefit from the services of CRDB Bank at TPC offices across […]

Fidelity Bank expands its branch network – launches “We Dey Everywhere” campaign

Ghana’s largest private bank, Fidelity Bank Ghana, strengthened its status as the national leader in branch banking with the launch of its “We Dey Everywhere” campaign. The campaign aims to raise awareness of the bank’s vast network of community agents who bring banking services to Ghanaians across the country. The “We Dey Everywhere” campaign aims […]

Nigeria’s TeamApt Secures New Funding to Deepen Branch Banking Services

Nigerian FinTech startup TeamApt, which provides financial services to the underserved mass market in Africa, has announced the completion of its Series B funding round. The undisclosed funding will allow the company to expand its offerings directly to clients and micro-SMEs, giving them access to the financial access lifelines they need to be successful, while […]

We use agency banking to stimulate entrepreneurship and wealth creation

Tuesday June 22, 2021 / 4:30 p.m. / Ecobank / Header image credit: Ecobank Ecobank Nigeria says its vision of using the branch banking program to stimulate entrepreneurship, provide employment opportunities and support micro, small and medium enterprises (MSMEs) is bearing fruit as more than 32,000 Nigerians , including former employees and retirees, have embraced […]

“We use agency banking to stimulate entrepreneurship and wealth creation” – Ecobank – Nairametrics

Ecobank Nigeria says its vision of using the branch banking program to stimulate entrepreneurship, provide employment opportunities and support micro, small and medium enterprises (MSMEs) is bearing fruit as more than 32,000 Nigerians , including former employees and retirees, have embraced the program to support their daily lives. . According to the bank, in addition […]

Ecobank: Advantages of being a banking partner in a branch

Ecobank and its Managing Director, Akinwuntan Head of Agency Banking, Ecobank Nigeria, Olanike Kolawole, said there are many rewards and benefits that come with being an agency banking partner, also known as the bank’s Xpress Point agent. . Kolawole, who was speaking on the bank’s presentation of tantalizing freebies to its Xpress Point agents in […]

Kenyan and Ugandan company partners to deploy branch banking platform

A Kenya-based technology company, Software Group, has partnered with BRAC Uganda Bank Ltd to deploy the industry-leading Agency Banking digital platform. According to a press release from the Software Group, the global software company with regional headquarters in Nairobi has been awarded a new contract for its latest branch banking platform with BRAC Uganda Bank […]

Financial inclusion: Shago sees Nigerian economy brighter thanks to agency banking services

… Reward agents at the launch of electronic payment By Prince Osuagwu VSthief Executive Director of a new Nigerian Fintech start-up, Shago Payments limited, Sabastine Enechi predicted that branch-based banking will not only boost financial inclusion, but also narrow the unemployment gap in the country. Enechi, during the recent launch of the bill payment and […]

Ecobank Nigeria Launches Smart SME Banking Campaign to Empower Small Businesses

Monday, Nov 30, 2020 / 5:00 p.m. / by Ecobank / Header image credit: Thisday Ecobank Nigeria launched a smart banking campaign for small and medium-sized enterprises (SMEs) to empower 100,000 entrepreneurs under the Ecobank proposal for SMEs and branch banking. Emeka Agada, Head of SMEs, Ecobank Nigeria, said the initiative was introduced in line […]

Access Bank Rwanda presents branch banking services | New times

Access Bank Rwanda has introduced a new branch banking product called “Ikaze Agency Banking” with the aim of improving proximity to customers and increasing presence across the country. The model allows Access Bank to contract third-party retail networks across the country to serve as banking agents providing financial services on their behalf. Olivier Gakuba, Group […]

How the Banque de Kigali branch office changed access to financial services | New times

Previously, banking services in the country were characterized by regular and sometimes bureaucratic processes and procedures, such as few working hours and formal locations. This has often been blamed for limited financial inclusion and low banking penetration. To reverse the trend and perception as well as to ensure easy access to banking services across the […]

No smooth running yet – Businessamlive

Savior Adugba NIGERIA HAS HAD A LONG DRIVE for financial inclusion, supported by a related pathway to support the development of its digital economy. In this quest, the Central Bank of Nigeria (CBN) and the Ministry of Communications and Digital Economy have created policies to help engender the achievement of national financial inclusion goals. One […]

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