• Saturday, April 20, 2024
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TAJBank, NIPOST partner to drive financial inclusion

TAJBank, NIPOST partner to drive financial inclusion

TAJBank and Nigerian Postal Service (NIPOST) have formalised a public-private partnership (PPP) to foster efficiency in postal services in the country and also push the much- clamoured financial inclusion.

The partnership between the non-interest lender and the postal services agency was formalised in Abuja, where both parties discussed the initiative targeted at public-private endeavours with the aim of adding value to the nation’s financial inclusion drive and enhancement of postal services.

Read also: Kari Takur, leading financial inclusion and delivery of sustainability solutions at Mastercard

The collaboration expected to be mutually beneficial, focuses on the bank situating its branches at NIPOST offices while the later would leverage that to sell and make accessible its own products and services.

Speaking during the formalisation of the partnership, Hamid Joda, TAJBank managing director/CEO, said it was an opportunity for the bank to ride primarily on branch expansion with NIPOST offices thus helping it expand the innovative products and services of the non-interest lender. According to him, it would benefit both parties, hinging on 3Rs – rent, refurbish and rebrand.

While commenting on the latest network expansion of TAJBank’s services into Lagos, Joda described it as another step taken by the board and management of the bank to add value to individuals and businesses in terms of cost-free, real-time services and make accessible to them innovative customer experience with a vast bouquet of functionalities.

Also speaking, Tola Odeyemi, Postmaster General/CEO of NIPOST, expressed optimism that working together would be mutually beneficial to NIPOST and TAJBank.

Read also: Unveiling the path to economic empowerment: Financial inclusion in Sub-Saharan Africa

“TAJBank needs no introduction and as soon as I had the opportunity to be a part to this initiative, it was a resounding yes. The brand speaks for itself and it is here to provide cost-efficient and interest-free banking services to everyone”, Odeyemi stated.