Banking and Financial Inclusion is rapidly growing with the rapid rise of fintech companies around Africa. One of the leading financial institutions in Nigeria, Zenith Bank Plc, recently introduced a platform called Z-Money, this platform is created by the bank to bring banking services closer to its customers and enhance financial inclusion among the under-banked and unbanked populace of the country.
Z-Money, a Zenith Bank initiative is an agency banking product of the bank which entails the on-boarding of agents who are expected to render basic financial services on behalf of the bank.
Through the bank’s network of agents spread across the urban and rural communities in the country, customers can open accounts, deposit cash into any account, withdraw cash from any bank account, transfer funds, buy airtime, pay bills, and do so much more in a convenient way. To engender trust among its customers, the Bank ensures that all transactions done through the agents are PIN protected and safe.
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The Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenezer Onyeagwu while making a speech concerning the new product, he said,
the bank remains focused on providing premium financial solutions that create value for its customers wherever they are located across the country”. He added that apart from helping to extend the bank’s retail reach across all segments of the market, the adoption of the agency banking platform also demonstrates the bank’s commitment to achieving financial inclusion in the country.
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