Zenith Bank is Cashless Champion — Mastercard

Peter Amangbo, CEO Zenith Bank


ZENITH Bank Plc has been named the ‘cashless champion of the year’ by MasterCard. The bank beat other Nigeria’s major banks to the award because it achieved overall percentage growth on all its e-channels (PoS, ATM, e-commerce, and others).

Presenting the Plaque and certificates at the bank’s headquarters in Victoria Island, Lagos, Omokehinde Ojomuyide, area business head, West Africa MasterCard, commended the bank for championing the cashless society campaign. Certificates were presented to Juliet Nwangwuwa, head, E-business department, Chioma Nkechika, head, retail banking, and Francis Chukwuyem, head, IT department, for their respective roles in the bank’s achievement.

Other members of staff from various departments of the bank also received certificates for their efforts in promoting the overall percentage growth on all e-channels. A statement from the Zenith Bank Plc, said it had built a reputation in e-Banking in Nigeria, having blazed new trails in the deployment of Information and Communication Technology, ICT, infrastructure to create innovative products that meet the needs of its teeming customers.

The bank is verifiably a leader in the deployment of various channels of banking technology, and the Zenith brand has become synonymous with the deployment of state-of-the-art technologies in banking.

Enterprise Bank’s Loan Scheme for Unions

Ahmed Kuru, MD, Enterprise Bank
Ahmed Kuru, MD, Enterprise Bank

ENTERPRISE Bank has introduced a loan scheme for trade unions and cooperative societies in private and public organisations. The bank said the move was in line with its commitment to continually meet the needs of its growing clientele across the country. The product, named “Union and Cooperative Loan Scheme,” offers credit facilities to employees who belong to the same union or cooperative association in an organisation.

The bank announced, in a statement, that subscribers to the loan, which features a reasonable interest and a group life assurance, would access various sums, which are available with repayment tenures of up to three years. According to the statement, the scheme has been carefully created for associations and unions in organisations like local governments, government agencies, schools, health institutions and companies among others.

Such organisations are expected to provide the bank with a level of guarantee to ensure monthly deductions from the members of the borrowing association throughout the tenor of the facility among others. Enterprise Bank was recently acquired by Heritage Bank.

— Mar. 23, 2015 @ 01:00 GMT


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