Disclosing this at a parley with journalists in Lagos on Thursday, August 31, 2023, the Acting Managing Director of Moniepoint Microfinance Bank, Babatunde Olofin, noted that the cash scarcity experienced early in the year pushed more businesses and individuals into adopting cashless banking.
He also disclosed that the fintech, which recently forayed into the personal banking sphere, having excelled on the business side of digital services for years, is now recording a monthly average of 400 million transactions.
The company currently boasts over 1.6 million businesses on its service roaster, and it’s targeting at least 4.8 million retail customers in the first three months of its personal banking venture, Olofin added.
