Empowering Underbanked Africa: BankEasy MFB Launches Innovative Banking Solutions

In a move set to transform the financial landscape of Africa, BankEasy Microfinance Bank (MFB) has officially launched its innovative banking solutions on Monday, January 6 2025, at the Iba community in the Ifelodun local government, Osun State, Nigeria. This bold step is the first step towards bridging the financial inclusion gap, empowering millions of Nigerians, and Africans at large to access reliable and user-friendly financial services.

According to the World Bank, approximately 57% of Africans lack access to formal financial services. BankEasy MFB is committed to changing this narrative. “We’re passionate about empowering Africans with innovative and seamless banking solutions,” said Blessing Adegboye, the Product Lead of BankEasy Technologies, the IT powerhouse behind BankEasy MFB, at the bank’s official launch on Monday. “Our goal is to make banking easier, faster, and more convenient for everyone.”

Some of the dignitaries present at the official launch of BankEasy microfinance bank include the Eburu of Iba, Elende of Eko, Olulosin of Eko Ajala, and Olobaagun of Obaagun; all of who expressed their optimism towards the revolutionizing of access to financial services by members of their community.

BankEasy Microfinance Bank is making banking easier, first for the residents of rural Iba and neighboring villages in Osun state, where the bank is located, by providing services which include:

Quick Account Opening

Residents of the community can now open a bank account in minutes, without the hassle of paperwork or long queues.

Instant Transfers and Payments

With BankEasy MFB, customers can send and receive money instantly, anytime and anywhere.

Customized Banking Solutions

BankEasy MFB offers personalized banking services tailored to meet the unique needs of underbanked Nigerians.

In addition, BankEasy MFB’s mobile banking app enables small business owners to manage their finances on-the-go, while its agent banking network provides convenient access to financial services in rural areas.

More tech-enabled financial services are in BankEasy’s pipeline, as they work towards their goal of making banking and financial services easy and accessible to all.

According to a report by McKinsey, increasing financial inclusion in Africa could boost economic growth by up to 12%. BankEasy MFB is committed to contributing to this growth. “We believe that financial inclusion is key to unlocking Africa’s future,” says the BankEasy MFB Team. “That’s why we’re dedicated to providing innovative banking solutions that meet the unique needs of Africans.”

BankEasy MFB’s vision is to empower Africans by providing accessible, reliable, and user-friendly financial services. The bank is committed to working with governments, businesses, and individuals to promote financial inclusion and economic growth in Africa.

To learn more about BankEasy MFB’s innovative services and stay up-to-date with updates, visit: www.bankeasymfb.com

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Nigeria, Africa  – January 7, 2025

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