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Digital payment service bank, 9 Payment Service Bank (9PSB) has entered into a strategic partnership with XCHANGEBOX, a licensed super-agent service provider, to deliver agent banking solutions to rural, small, and medium-sized enterprises (SMEs) via their flagship product, PAYREP.
Digital payment service bank, 9 Payment Service Bank (9PSB) has entered into a strategic partnership with XCHANGEBOX, a licensed super-agent service provider, to deliver agent banking solutions to rural, small, and medium-sized enterprises (SMEs) via their flagship product, PAYREP. The signing ceremony of the partnership took place at 9PSB head office in Victoria Island, Lagos.
The collaboration is aimed at facilitating the co-creation of products that will help to revolutionise customers’ payment experiences in Nigeria, to further deepen financial inclusion and bridge the gap between the banked and the unbanked/underbanked. Through this partnership, the PAYREP Agency Platform will be used to provide tailor-made services to its agents, SMEs, merchants, and customers.
The Chief Executive Officer of 9 Payment Service Bank, Branka Mracajac, reiterated the bank’s commitment to financial inclusion during the signing of the Memorandum of Understanding between the two companies. She said this strategic partnership will further deepen payment solutions, adding that the two firms can now offer more financially inclusive products and services by leveraging its agent networks to reach SMEs, merchants, and customers.
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Meanwhile, the Chief Executive Officer of XCHANGEBOX who was represented at the Memorandum of Understanding (MoU) signing ceremony by the Co-founder/CCO, Abiola Jimoh, said the company undertook the partnership to drive payment solutions, especially in Northern Nigeria where most of its operations are based. United Bank for Africa (UBA) Plc recorded impressive growth across all key performance metrics as shown in its unaudited financial results for the third quarter ended September 30, 2023.
