Airtel Africa, a number one supplier of telecommunications and cell cash companies with a presence in 14 nations throughout Africa, has right this moment launched SmartCash Fee Service Financial institution, its wholly-owned subsidiary, to offer safe and dependable monetary companies throughout Nigeria.
Headquartered in Lagos, it’s accepting deposits from people and small companies, finishing up fee and remittance companies inside Nigeria, and issuing debit and pay as you go playing cards amongst different banking companies. SmartCash additionally allows person-to-person fee and transfers from the world over. The service is at the moment accessible at chosen retail touchpoints.
Plans are underway to increase the modern, technology-driven companies to all elements of the nation, together with the furthest and most distant, in an effort to speed up monetary inclusion for all Nigerians.The launch follows the granting of a license by the Central Financial institution of Nigeria. Already, SmartCash targets reaching the 36.8 per cent unbanked grownup inhabitants in Nigeria, as estimated by the Entry to Monetary Providers in Nigeria report.
Airtel Africa’s Group Chief Government Officer, Segun Ogunsanya stated: “The launch of SmartCash Fee Service Financial institution provides us recent impetus at Airtel Afrca, to proceed rising our footprint within the continent and delivering modern options. Within the financial institution, we now have one of the best of each worlds – a hybrid of economic financial institution and cell financially companies – providing final mile connection to the financially excluded. By way of it, we wish to contribute in the direction of driving monetary inclusion in Nigeria, to empower Nigerians whereas remodeling the fee panorama in Nigeria and the remainder of Africa.’’
The Chief Government Officer & Managing Director of SmartCash Fee Service Financial institution, Muyiwa Ebitanmi, stated: “By way of SmartCash Fee Providers Financial institution, we goal to bridge the monetary divide by offering rural and concrete Nigerians entry to modern, extremely secured and dependable banking companies that’s powered by know-how and is related to their wants”.