The Chief Executive Officer of SmartCash Payment Service Bank, Muyiwa Ebitanmi has said that SmartCash Payment Service Bank,PSB, will boost financial inclusion among Nigerians.
Recall that Central Bank of Nigeria had in April this year granted approval to SmartCash, an Airtel subsidiary to operate as a Payment Service Bank (‘PSB’) in Nigeria.
Ebitanmi disclosed this to Journalists during the activation of SmartCash PBS in Abuja,Nigeria.
He explained that with SmartCash, banking will be more convenient for Nigerians across the divide.
Ebitanmi further said that it will help further digitise the economy, and most importantly to help bank the unbanked by reaching the millions of Nigerians who do not currently have access to financial services
He explained that with SmartCash, “your phone is your bank. As long as long as you have a phone, you are eligible to have a relationship with SmartCash; Building a banking relationship with SmartCash is very easy, it is very secure and it is very simple”
“The key essence of SmartCash PSB is to come and bridge the financial gap in Nigeria. As you know, we have a lot of people in rural areas who are probably far from the cities and are reasonably excluded today”,he stated .
Ebitanmi further assured Nigerians that the company has put in place robust technical mechanism to protect and secure customers’ transactions.
“SmartCash service bank is highly secured, it is very safe, we operate business thinking about our customers. The safety of our customers is the first for us, it is the most important element in everything you do and so because of that, we continue to do businesses in a way that will safe guard the funds of the customers that place money with us.”
He added that “we are in Wuse Market Abuja, just to sensitize people about SmartCash PSB. And we are trying to connect with every person on the street to let them know that SmartCash is the bank that is made for them”.
The official launch of SmartCash PSB was held on Thursday last week at Eko Hotel Lagos, with Nigerian Vice President, Prof Yemi Osinbajo and other key stakeholders in attendance.
Hauwa Abu
