Firm Unveils Platform For Unbanked Nigerians

Firm Unveils Platform For Unbanked Nigerians

1/26/2022 10:28:00 AM

Firm Unveils Platform For Unbanked Nigerians

Unbanked and underbanked in Nigeria have emerged the prime targets of PayPassage, a digital transaction solutions provider, which plans to launch its

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 (CEO) 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”.

Read more: LEADERSHIP NEWS »

NDLEA intercepts cocaine hidden in tyres by ex-convict at Port Harcourt airport | TheCable

The National Drug Law Enforcement Agency (NDLEA) says it arrested one Okechukwu Amaechi, a Brazilian returnee, for alleged possession of cocaine. In a statement issued on Sunday, Femi Babafemi, NDLEA Read more >>

Firm unveils immune system booster - Punch NewspapersThe most widely read newspaper in Nigeria Lolz

NITDA opens up on Buhari govt's agreements with Twitter, reveals next stepThe Nigerian Government, through the National Information Technology Development Agency, NITDA, has revealed its agreement with micro blogging platform,

More than a brewery: A story of glory successfully brought home through Nigerian Breweries’ Life Continental beer | TheCableNigeria’s pioneer and largest brewing firm, Nigerian Breweries, in its 76 years of existence has continued to blaze the trail, going beyond the frontiers of brewing to connect with the

NIGERIA DAILY: Nigerians' Choice For President In 2023Download here With the 2023 elections drawing near, some prominent Nigerians have started expressing their views on the type of leader the Nigerians choice for next president So they are just realizing that Buhari is not the type of leader to move Nigeria forward Really awesome

With Shoprite, it’s brand loyalty, customer priorityIn June 2021, Shoprite’s Nigerian operations were taken over by Ketron Investment Limited, a Nigerian company owned by a group of local

2022: NESG Projects Nigerian Economy To Grow Below Federal Gov't ForecastThe Nigerian Economic Summit Group (NESG) has projected thta in the best case scenario, the Nigerian economy would grow by 3.2 per cent in 2022, lower

financial services platform in Nigeria 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 (CEO) 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”. ADVERTISEMENT Also, the CEO of BlocPal International, Nick Mellios, said the platform can offer services to different geographies while adhering to customer needs and regulatory requirements. “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. YOU MAY