Firm Unveils Platform For Unbanked Nigerians

The platform is designed to drive financial inclusion for these two categories of Nigeria.

Nigeria is rated as one of the top three unbanked countries in the world, with 40 percent of its population without a bank account1. Of the 59 million unbanked adults, 73 percent do not have the requisite documents to open a tier three bank account2. In a statement made available to LEADERSHIP in Abuja, the chief executive officer of PayPassage, Folarin Tomori, said, “There has been a strong need for offering affordable and accessible financial solutions in Nigeria through a retailer-enabled digital platform. Partnering with BlocPal International to bring these financial solutions to Nigeria is not only driving financial inclusion but providing the opportunity for the Nigerian population to participate in the global digital economy”.

“We are excited to leverage our insights and experience from our India operations and bring our advanced technology to Nigeria. We are committed to partnering with retailers and financial entities in Nigeria and providing a wide variety of affordable financial solutions to communities all across the country,” he said.

BlocPal is a Canada-based fintech firm with operations in India, Mexico, North America and parts of Europe.

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