Fedeth Microfinance Bank, a leading microfinance bank in Nigeria has announced its rebranding to ClearPay Microfinance Bank with immediate effective.
Speaking on the rebranding, Joseph Oyibo, the managing director, ClearPay Microfinance Bank on Wednesday said that the move was strategic and embodies commitment to provide innovative financial solutions to customers.
Read also:Citi appoints Viswas Raghavan as new banking head
He explained that ClearPay has been positioned to take advantage of technologies to drive financial inclusion, investment and growth for its clients.
According to him, the decision to rebrand stems from our desire to steer the business towards providing financial solutions that match the increasing needs in the society. In addition to our name change, ClearPay Microfinance Bank has a new business direction – to be the go-to salary bank for MSMEs across Nigeria.
“ClearPay Microfinance Bank, in both name and direction, remains committed to our mission of continually supporting entrepreneurs and individuals by providing excellent financial services leveraging cutting-edge technology and highly skilled and talented people.
“We are excited to unveil ClearPay Microfinance Bank as the next chapter in our journey of service and innovation.”
Read also:Unlocking the Potential: Artificial Intelligence Revolutionising Nigeria’s Banking Sector
He maintained that ClearPay Microfinance Bank will continue to offer a comprehensive range of financial products and services tailored to the diverse needs of clients, from microloans to savings accounts, adding that the company remains dedicated to facilitating financial inclusion and fostering economic empowerment across all sectors of society.
He assured that all account details and services will be transitioned to ClearPay Microfinance Bank, ensuring uninterrupted access to their financial resources. “We look forward to continuing this journey with our valued clients and partners, forging ahead towards a future of financial success for all.
“This rebranding initiative mirrors our passion towards providing transparent and transformative solutions to our customers. It also reflects our confidence in taking unconventional decisions to ensure our mission is achieved.
“We will continue to build on the legacy of trust, transparency and reliability established by Fedeth Microfinance Bank. Our dedication to empowering individuals and businesses remains unchanged, and even now more fortified by a fresh and bold identity that reflects our approach to financial inclusion. For information and inquiries, customers are advised to visit our website,” he said.
ClearPay Microfinance Bank, incorporated in 2007 and licensed by the Central Bank of Nigeria.
