SmartCash PSB will serve unbanked Nigerians, says Airtel CEO – TechEconomy.ng

A telecom and mobile money operator with a presence in 14 countries across Africa, Airtel Africa said it is expanding its footprint to all unbanked Nigerians as SmartCash Payment Service Bank Limited (“SmartCash PSB”) begins its operations.

Recall that the Central Bank of Nigeria (CBN) had in April granted authorization to SmartCash, a subsidiary of Airtel, to operate as a payment services bank (‘PSB’) in Nigeria, and since May 19, operations have begun at selected retail touchpoints.

The official launch event of SmartCash PSB was held at Eko Hotel on Thursday attended by several key stakeholders from different industry sectors.

In his opening remarks at the launch event, Segun Ogunsanya, Managing Director of Airtel Africa, said SmartCash PSB was the start of Airtel’s journey to revolutionize the financial services landscape in the country.

According to Ogunsanya, the main aim is to provide financial services to the unbanked by reaching out to the millions of Nigerians in every nook and corner who have been financially excluded.

He said that Airtel shares the same agenda with the Nigerian government, CBN and traditional financial institutions to further deepen financial inclusion in the country for the benefit of all citizens and the Nigerian economy.

According to Muyiwa Ebitanmi, CEO of SmartCash: Today is a remarkable day that we have been waiting for, and I am very happy that we have started financial services operations in Nigeria through SmartCash PSB.

Ebitomi said SmartCash PSB’s operations include receiving cash deposits, processing payments and remittances; issuance of debit and prepaid cards; the operation of electronic wallets and other services.

According to Ebitomi, removing barriers and improving accessibility to banking services, especially for those who have been excluded from banking, remains imperative, a goal that SmartCash PSB intends to achieve.

Service users need to download the app while the USSD code is *939#. Smartcash will be used to receive and send money, among other financial transactions.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services nationally and internationally. The Group aims to continue to offer a simple and intuitive customer experience through streamlined customer journeys.

Create a PSB Smartcash

The steps are simple.

Step 1 – Dial *939# on your mobile phone

Step 2 – from the options you can use NIN or select BVN to create the wallet.


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