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How MTN assisted Diamond Bank to reach unbanked Nigerians

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The Head of Retail Banking Businesses at Diamond Bank, Mr. Robert Giles has revealed how leading telecoms giant, MTN Nigeria provided the communication leverage to the bank to drive financial inclusion to millions of unbanked Nigeria over the years.

Explaining issues at a workshop organised by Diamond Bank to exchange ideas on how best to reach more women with digital financial services held in Lagos, he said “With MTN, we have provided bank accounts to about 10 million formally unbanked people in Nigeria. What we have come here today is to talk about how we can improve cases of financial inclusion specifically for women and how we can mull more women into financial system and make their life better”.

According to him, “There are about 40 million people unbanked in the country 60 per cent are women so women are the most financially excluded women when they come into the financial system, they stay with you for a lot longer.”

Giles also noted that the future of financial inclusion is digital, adding that the strategic focus of the partnership between the bank, MTN Nigeria, JazzCash, Bima and Women World Banking (WWB), is to enhance the financial lifestyle of women by providing convenient mobile banking services to them.

Speaking at a workshop organised by Diamond Bank to exchange different use cases for serving more women with digital financial services held in Lagos on Tuesday, t

Earlier in her opening remarks, the Chief Product Development Officer of Women’s World Banking, Anna Gincherman said latest digital finance innovations are coming with lots of modernism which are very important in seamless banking service delivery and Diamond Bank has will continue to drive customer base by attracting more unbanked women into the system.

According to her, “Women represent social economic services for financial institutions, women represent majority of unbanked and under banked in the world, women are also managers of household, manages finance in families, education of kids, among others”.

“So bringing financial institutions around the world to share experience on how best to serve women’s market with digital financial services will enhance will help reduce the effect of poverty in any economy,” Gincherman noted.