In a bid to bolster financial inclusion in Jigawa State, Nigerian fintech company Fintava and Kano-based agent network Bizipay have joined forces to launch a transformative initiative.
This partnership aims to provide banking services to more than 100,000 unbanked individuals across the state, leveraging Bizipay’s extensive agent network.
The initiative comes as part of efforts to bridge the financial gap in underserved communities, aligning with the Jigawa State Government’s push towards establishing cashless palliative shops. These efforts were recently inaugurated by Vice President Kashim Shettima to enhance accessibility to essential goods and services.
Fintava will play a role by supplying customized Point of Sale systems and ATM cards, allowing beneficiaries easy access to vital commodities at palliative shops throughout Jigawa State.
Dr. Aminu Bizi, founder of Bizipay, expressed confidence in Fintava’s technology, highlighting its user-friendly approach and versatility in improving financial services. “Fintava’s financial technology is arguably one of the best in the country due to its ease, simplicity, and flexibility,” he remarked.
Samuel Ojerinde, Chief Operating Officer at Fintava, emphasized the company’s commitment to driving financial inclusion through innovative solutions. “Our role in financially including 100,000 people in Jigawa State solidifies our place as a major player in the Nigerian fintech industry,” he stated.
“This partnership with Bizipay demonstrates our dedication to providing accessible banking solutions to underserved communities.”
Fintava recently expanded its footprint in the financial sector with a banking-as-a-service (BaaS) model, enabling non-bank businesses to integrate financial services directly into their offerings. This innovation allows for services like branded credit cards, payment processing, and savings accounts to be accessible without these businesses needing to become banks themselves.
By bringing modern financial services closer to the people of Jigawa State, Fintava aims not only to improve access to essential goods but also to advance the broader goal of financial inclusion in Nigeria.
