Wednesday
August 1
2018

Nigeria Inter-Bank Settlement System targets 500,000 agents to boost financial inclusion

By Feyisayo Popoola

The Nigeria Inter-Bank Settlement System Plc has relaunched an e-payment platform, mCASH, targeting 500,000 agents, in a bid to deepen financial inclusion in the country.

The Managing Director/Chief Executive Officer, NIBSS, Adebisi Shonubi, said at the relaunch in Lagos on Tuesday that NIBSS had partnered banks, telecommunication companies, financial regulators, and merchants on the initiative.

He said part of the idea of financial inclusion, which the banks had committed to, was the rolling of agency networks.

Source: Punch (link opens in a new window)

Categories
Finance
Tags
banking, digital payments, financial inclusion, fintech, mobile money, telecommunications, unbanked