the unbanked and underbanked population in Nigeria. According to Enhancing Financial Innovation & Access , there are a still about 59 million unbanked Nigerian adults.
The apex bank’s desire to implement NFIS by expanding the mix of strategies to attain Financial Inclusion gave birth to Nigeria’s first payment service bank, 9 Payment Service Bank . 9PSB is licenced by CBN to provide access to useful and affordable financial products and services to the unbanked and underbanked, as well as innovative payment services to individuals with bank accounts and corporates. It operates as a fully digital bank, while running its own agent banking network.
Branka futher said, “Our work to close the exclusion gap is guided by the 9PSB Pillars of Financial Inclusion: Driving Financial Literacy Programmes; Bridging the infrastructure gap for the underserved by ensuring access to low-cost financial services; Supporting the growth of our economy; Enabling nationwide development and eradication of poverty; Contributing to driving cash to cashless economy through grassroot initiatives and activities; Providing customer service excellence adjusted to the...