Managing Director/CEO of 9 Payment Service Bank (9PSB), Branka Mracajac has reiterated that the firm, as an enabler, provides products and services via robust and scalable Application Programming Interfaces (APIs) for fintechs to innovate and scale up in a cost-effective manner.
In his keynote address at the second Nigeria Fintech Forum recently, Mracajac, who was represented by acting Head of Business Development and Strategy, Mr. Akeem Salam, highlighted the fintech payment solutions offerings of the bank.
He said: “9PSB is a fully digital bank and as such, we leverage digital platforms to provide payment solutions like the Wallet-as-a-Service (WaaS) and Virtual Account which allows for payments with bank transfer for merchant collections, as well as our Payout with 9PSB service, to mention a few”.
On the bank’s contribution to the Nigerian fintech ecosystem, Salam, who doubles as the Head of Products and Innovation, said: “At 9PSB, we co-create new products and services with Fintechs to close product/feature gaps. Apart from driving financial literacy amongst the unbanked and the underbanked, we share ideas and compare notes to remain up-to-date with the payment and regulatory trends. We also collaborate with other Fintechs to open new markets and further deepen financial inclusion, which is our primary mandate”.
During the executive masterclass session, 9PSB’s Head of Sales and Distribution, Kunle Isiaka expanded on the race towards the future of digital payments. He said: “At 9PSB, we leverage different digital platforms that enable our clients achieve seamless digital payments easily for themselves and their customers. Our agent network – Agent Bank9ja – is resilient and equipped with the right tools, technical know-how and capability to achieve and deliver efficient products and services, most especially to the unbanked and underbanked segments”.
He called on the participants to collaborate in providing seamless payment experiences for their customers at affordable rates. “We leverage Banking-as-a-Service and Wallet-as-a-Service (WaaS) to drive innovations for financial inclusion. Some benefits of the WaaS are that it supports all channels and guarantees instant settlement and revenue assurance, in addition to providing a robust reporting capability, regulatory compliance and webhook notification”, he added.
The forum is an annual event that provides a veritable platform for industry players to converge and address critical issues in the African fintech ecosystem, while uncovering countless opportunities in the space.
This year’s edition had as its theme: ‘Reimagining the Future of Financial Inclusion in Nigeria: Examining the Roles of Banks, Telcos and Fintech’.
