Nigeria's leading finance and market intelligence news report.

‘MFBs not connected to a switch is a barrier to financial inclusion’

That most Microfinance Banks (MFBs) are not connected to a switch, raising processing time and costs of operation, is a barrier to achieving the financial inclusion target. Being connected to a switch is about making transactions for one bank to another through connecting platform such as the Nigeria Inter-Bank Settlement System (NIBSS) and Interswitch, among…

or to read full article

Comments are closed, but trackbacks and pingbacks are open.