By Iro Dan Musa
Founder and Chief Operating Officer of the newly licensed bank TAJ Bank, Hamid Joda has revealed that, to boost financial inclusion especially among the low income earners, the bank has entered a partnership with Smart Save Integrated Technologies Limited a FinTech company that owns Saveme.ng a digital savings platform that allows people to save their money from their little earnings for a future target.
Speaking to newsmen in Kano, COO of the Bank stated that the bank has seen a reason as well as an opportunity to reduce the financial exclusion rate especially in Northern part of Nigeria adding that, the partnership will allow customers from all walks of life to seamlessly be onboard and benefit from available financial services.
He added that the partnership will adopt a comprehensive awareness campaign in ensuring that, the public really benefited from the financial opportunities being provided by the partnership.
Similarly, the co-founder and Chief Executive Officer of Smart Save integrates Technologies Limited Jamilu Abdussalam revealed that the platform works in form of piggy-bank (asusu or esusu in native Hausa and Yoruba call it) which enables savers set a target of the amount and the time they need it.
He added that all funds are warehoused with a commercial Bank while all transactions are processed and secured by Paystack, a central bank of Nigeria licensed payment processing company on behalf of Save me.ng.
“We are committed to making Nigerians understand the importance of savings for their basic life needs that’s why we always work for hand in hand with the key players in the industry like Taj Bank in giving our customers confidence and a seamless service while reducing the gap of the unbanked we have in Northern Nigeria to the barest minimum,” he said.