eTranzact deepens financial inclusion with 10,000 mobile agen


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eTranzact is set to deepen financial inclusion by expanding its PocketMoni service with 10,000 active mobile money agents, through the Central Bank of Nigeria (CBN)-funded Shared Agent Network Expansion Facility (SANEF) initiative, within the next 24 months.

The SANEF initiative is an effort by the apex regulatory bank to spur quick growth in the level of financial inclusion through availability of financial access points, especially in the Northern part of the country.

This is also intended to drive the Federal Government’s Social Investment Program (SIP) which relies on improved banking agent network coverage points.

According to the Acting Chief Executive Officer, eTranzact, Mr. Niyi Toluwalope, as a global leader in the electronic and mobile payment industry, it is well-positioned to deliver and attain the goals set by the CBN for the project.

He stated over the next 23 months, eTranzact plans to leverage its Mobile Financial Services Business to deliver an additional 1,000,000 active end-users, by deploying its innovative distribution capabilities anchored on active agents.

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