BUA Group emerges with a hybrid app to spur financial inclusion

With the aim to provide Nigerians with easy and fun means of carrying out financial transactions, Hollaport Technologies Limited, a Nigerian financial technology company, backed by BUA Group has launched Hollaport, a hybrid mobile money app with social media features.

According to the company, the multi-layered messaging and financial technology platform on which people can send and receive money using their phone is poised to spur financial inclusion.

Speaking during the launch, Kabiru Rabiu, founder and managing director, Hollaport and group executive director, BUA Group, explained that the App would create the opportunity for Nigerians in remote communities to partake in the various banking transactions.

“Our focus is to boost financial inclusion of the unbanked and to also increase the possibilities and convenience of chatting, sending and receiving money without leaving the chat platform,” Rabiu said.

The MD added, saying the Hollaport App was solely an indigenous platform designed to meet the needs and yearnings of Nigerians while also addressing the issue of financial inclusion as over half of the adult population was unbanked with only a fraction of the banked using technology in their processes

The app which is available on the Google Playstore and the iOS Appstore has features like; airtime top-up; cable, electricity, data subscription; and paycode system that enables recipients to withdraw cash from the ATM without the need to have a card or bank account.

The Hollaport CEO said new features will make it exciting and extremely convenient to transfer money and make payments not only in Nigeria but also throughout the African continent.

He said financial inclusion is a major issue in Nigeria, with about half of the adult population being unbanked and only a fraction of the banked citizens using technology in their transactions.

“Despite the simple interface, Hollaport is packed with features such as media functionalities where you can send photos, videos and documents. Users can request or send money within the chat area for a seamless experience and can also pay bills, utilities and make subscriptions,” Rabiu added.

Commenting on the App, Michael Olowojesiku, the General Manager of the technology company said the company will work assiduously towards making the app available to Nigerian telephone users in all parts of the country.