9 Payment Service Bank (9PSB), the digital payment service bank focused on financial inclusion, has re-affirmed the significance of financial literacy as a solution to closing Nigeria’s financial exclusion gap and ensuring targeted citizens become aware and participate in the formal financial system.
At the masterclass session on ‘’Environment, Social, Governance and Risk Management for the Fintech Ecosystem — A Focus on Fintech and Financial Inclusion’’ at the Nigeria Fintech Week 2022 Conference, the Chief Executive Officer of 9PSB, Branka Mracajac reiterated the need to prioritise financial literacy in order for financial inclusion to happen.
Mracajac, who is also 9PSB Managing Director, said: “We take pride in educating the financially excluded and the unbanked, letting them know why they should be part of the formal financial ecosystem. Financial inclusion is not just about opening a bank account, but it is about individuals and businesses having access to useful, affordable financial services”.
She further said: “At 9PSB, we are building the bridge between those who are financially excluded and financial institutions, including the deposit money banks, by providing access, collecting data and educating the financially excluded. Our bank is eager for all Nigerians to access financial solutions. We are open to partnerships with financial service providers and banks and deliberately seeking out and providing opportunities for students and youths to learn”.
Other speakers at the masterclass session include Partner, Banwo & Ighodalo, Ayodele Adeyemi-Faboya; CEO of Branch International, Dayo Ademola; Partner of Udo Udoma & Belo-Osagie, Joseph Eimunjeze; and Financial Sector Lead, Foreign at the Commonwealth and Development Office, Bola Karimu, who made submissions with regards to the Fintech ecosystem.
The Nigeria Fintech Week is the biggest industry event in Africa which births key innovations, strategic partnerships, and ecosystem transformations. It has been revolutionary in galvanising and building the Fintech industry across Africa, stimulating indigenous creativity to solve Africa’s tech challenges, removing cross-border barriers to FinTech operations and fostering collaboration amongst stakeholders.
This year’s conference is themed: “Navigating the Next Normal – Sustainable Impacts in Fintech, E-Government and Emerging Technologies”.
