• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, May 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Moniepoint to promote financial inclusion for SMEs

Moniepoint

The Matters Press by The Matters Press
September 1, 2023
Reading Time: 2 mins read
0
Nigeria disburses N56bn to MSMEs

Lagos, Sept. 1, 2023: Moniepoint Microfinance Bank, has expanded its services into the personal banking segment to support Central Bank of Nigeria’s (CBN) goal of achieving 95 per cent financial inclusion by 2024.

RELATED POSTS

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

Acting Managing Director, Moniepoint MFB, Mr Babatunde Olofin, said this at a news conference on Monday in Lagos.

Olofin said the move would improve access to diverse, affordable and tailored financial services catering to distinctive needs of individuals and Small and Medium Enterprises (SMEs) across Nigeria.

He said the bank buoyed by its experience with over 1.6 million organisations leveraging its payments, credit and business management tools was committed to aggressively deploying its technical knowhow.

This, he stated, would guarantee reliability for people not included in recognition of the transformative potential that broader financial access held for all strata of society spurring socioeconomic growth and stability.

Olofin also stated the bank’s credentials as a leading innovator in the fintech space having pioneered several products and technologies.

“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 to the market woman in the financial services space.

“We have built our infrastructure in such a way that it is very elastic and as transactions grow, we are able to expand our infrastructure.

“Also, in every nook and cranny of the nation, we have our business relationship representatives, even in localities where there are no physical bank or ATM presence,” he said.

The managing director also announced a gamified in-app approach that would see thousands of users win N2,000 weekly and a grand prize of N10 million.

Olofin said this was in furtherance of curating an enjoyable user experience for consumers and powering the dreams of many.

Senior Vice President, Channels and Sales Tools, Moniepoint MFB, Ope Adeyemi, described the innovative touch point as an incentivising tool for deepening financial inclusion.

Adeyemi said consumers were rewarded with coins on their personal banking app after they carried out transactions, which allowed them take part in exciting weekly games such as shuffle and spin the wheel.

“We want to supercharge financial inclusion because we realise that if you want to drive behavioural change and increase adoption, you should reward consistently good behaviour.

“Moniepoint believes firmly that financial inclusion is a commitment to uplift communities, nurture businesses and enrich individual lives.

“By embracing the diversity of Nigeria’s economic landscape, Moniepoint MFB is positioned to facilitate sustainable development and prosperity for all,” he said.

Tags: MoniepointSMEs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Court visits Patience Jonathan’s money palaver
Economy/Technology

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

May 20, 2025
Nigeria suspends mining in Zamfara
Economy/Technology

Revival of mining sector causes increase in licensing fees in Nigeria

May 19, 2025
Make cash accessible, remove obstacles —stakeholders plead
Economy/Technology

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

May 17, 2025
Next Post
Kano state’s gold souk to be completed 2022

Nigeria empowers 30 master jeweller trainees, moves against illegal mining

Nigeria to promote digital innovation, entrepreneurship – Pantami

Nigeria commits to protection of digital platforms

Recommended Stories

What Poultry farmers need from FG in 2024

50% poultry farms shut down in 2023

January 25, 2024
Nigeria has not taken decision yet on fuel subsidy

Suspension of fuel subsidy removal excites Nigerian Labour

April 28, 2023
“Naira-4-Dollar” getting results

Naira falls to dollar, exchanges at N461.67

March 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG
  • Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration
  • Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us