AfriPulse
MoneyMaster PSB, a payment services bank has unveiled ‘G-Kala’ to deepen the financial services accessibility and inclusion in the country.
Demola Elutilo, MoneyMaster PSB Managing Director, whil speaking at the product launch in Lagos, disclosed that ’G-kala’ was conceived to address the major problem of deepening financial inclusion in the country and also create employment opportunities for Nigerians.
The event, which had in attendance industry stakeholders, regulators, market and trade associations, student union representatives, trade partners, and members of the press among others, also marked the formal launch of the Payment Service Bank (PSB).
Elutilo assured that ‘G-kala’ will “bring a huge number of the unbanked populace into the financial system of the country”. According to him, the operations of MoneyMaster PSB would empower many Nigerians financially and bring, most especially, people in the rural areas into the banking system by taking banking to them.
He revealed that the innovative features of G-kala, are set to revolutionize the Nigerian payment system while adding that it would promote the cashless initiative of the government.
“MoneyMaster PSB will bring convenience and inclusion across all our target segments of the population. With G-kala, your phone is your bank. Aside from the benefits to our customers, we are onboarding a very large number of agents for cash in and cash out, through which we are creating new jobs in our various communities, which is also a boost to the nation’s economy. This is the beginning of our journey to revolutionize the financial services landscape in the country”, he said.
The Nigeria Interbank Settlement Scheme (NIBSS) lauded MoneyMaster PSB for introducing G-kala into the Nigerian financial industry to serve the critical mass of people who have not been given the opportunity to enjoy banking services. General Manager, Business Development, NIBSS, Samuel Oluyemi, disclosed that NIBSS had worked with MoneyMaster PSB from the beginning to ensure a seamless integration with the countrywide banking system.
He added that the payment service bank is a great plus to promoting financial inclusion and widening the scope of service providers across the country,
He revealed that the unbanked population has so much expectation for the payment service banks such as MoneyMaster.
He called on MoneyMaster PSB to seize the initiative of fast deployment of services to address the needs of that critical segment of the population.
Source: Independent.ng | Read More from Independent.ng.
