Banking Briefs
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AS part of efforts to deepen financial access in Nigeria, Access Bank, in partnership with Airtel Nigeria, has introduced the Smart Savers initiative. The initiative will enable Airtel customers open bank accounts directly from their mobile phones without the bureaucracy and complexities of traditional banking.
The campaign, which kicked off from January 5, will provide all Airtel subscribers the opportunity to open a savings account for customers who sign up. A statement from the bank explained that with the Smart Savers initiative, customers can enjoy real-time mobile banking services such as funds transfer to accounts in Access Bank and other Nigerian banks accounts; as well as make quick airtime purchases, pay bills, view account statements/account balance enquiry and much more.
In addition to providing customers a convenient platform through which payments of products and services can be made, the Smart Savers account allows Airtel subscribers save towards a target goal.
Victor Etuokwu, executive director, personal banking, said: “The Smart Savers initiative is designed to enable Airtel subscribers conveniently open and operate a savings account from the convenience of a mobile device. This is a way of leveraging on the evolution of technology to bring fast and convenient financial services closer to Nigerians. This initiative further reiterates the bank’s commitment to financial inclusion and promotes the ongoing cashless policy campaign in the country.”
Customers are encouraged to save a minimum of N10,000 monthly in their Smart Savers account to qualify for the grand prize of a Hyundai i10 and other consolation prizes.
— Jan 18, 2016 @ 01:00 GMT
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