July 20

Viewpoint: Nigeria’s Economy Can’t Reach Full Potential Without Financial Inclusion

By Ajifowoke Michael Gbengav

Sparkle, a digital ecosystem that offers financial, business, and lifestyle support services to retailers and small businesses launched early June after securing a banking license from the Central Bank of Nigeria.

The new service offers comprehensive support for individuals, including flexible payments, savings, and analytics to provide greater freedom, flexibility, and control over finances and lifestyle. It operates via a mobile app – available for iOS and Android users – that gives customers full and free access to one account offering multiple services and different wallets. By democratizing access to valuable solutions for both business and personal needs, the goal is to “empower Nigerians to fulfill their potential.”

“Sparkle is redefining Nigerian commerce by merging financial services with a seamless lifestyle solution,” said Founder Uzoma Dozie, former Diamond Bank chief executive before the merger with Access Bank. “We are removing barriers using technology and data, and driving inclusion at scale.”

Photo courtesy of Leander Wattig.

Source: Ventures Africa (link opens in a new window)

financial inclusion