By Collins Nweze

Inside its first 100 days , Polaris Financial institution’s company banking initiative, SurePadi, has serviced over half one million prospects impacting straight an estimated two million households throughout the seven enterprise areas of the financial institution nationwide.

Past the direct affect on prospects and households in Nigeria, the sheer quantity and worth in monetary numbers on the gross earnings of the financial institution has been important because the company recorded large strides within the variety of companies and transaction volumes it processed which was valued N10 billion.

The financial institution in a press release quoted its Chief Digital Officer (CDO), Mr. Dele Adeyinka, as explaining that, within the first 100 days of introducing SurePadi, it had carried out over 500,000 companies, and transaction quantity above N10billion straight servicing over two million households, giving them quick access to money for companies and household wants.

In keeping with Adeyinka: “On account of this milestone, SurePadi was ranked fifth in Q1, 2020 by the Shared Agent Community Growth Facility (SANEF) report—a sign that it’s bridging the hole and serving to folks to satisfy their wants of accessing funds; in addition to sending cash to their family members.”

The CDO additional acknowledged that: “That is additionally a part of Polaris Financial institution’s ongoing effort to drive monetary inclusion among the many underbanked and unbanked in keeping with the Central Financial institution of Nigeria’s (CBN) regulatory mandate; intimating that ‘from what we now have seen up to now, we’re already making important progress on this regard.”

“With SurePadi’s unfold throughout far-flung areas nationwide, this laudable initiative by the Financial institution has proven one other option to financial institution—with out bodily visiting a financial institution’s department—which permits the client to make money deposits, switch cash and revel in different banking companies like payments cost and buy of airtime amongst others”, he opined.

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SurePadi Brokers guarantee people within the suburbs wouldn’t have to journey lengthy hours to town for his or her fundamental banking wants. It is because the hole between the tech-savvy and the low literacy purchasers has been bridged by the Agent who represents a handy and comfy various.

Except for money deposits and transfers, Polaris SurePadi can be meant to draw prospects to a number of different services and products that might higher their lives as they benefit from the ease, comfort and cost-saving advantages from finishing transactions within the consolation of their locality.

SurePadi affords monetary advantages for stakeholders with the Financial institution’s introduction of viable partnerships with Supermarkets, Stores, sellers in FMCG, Petrol Stations, and so on. It’s distinctive with complete options to resolve monetary wants as customers now have the chance to finish transactions to resolve emergency wants with out visiting the Financial institution.

On this COVID-19 period, the place motion is restricted in some main elements of the world—together with Nigeria, this platform additionally serves as one of many many measures by Polaris Financial institution to help the necessity to promote social distancing and cut back drastically the place bodily potential, interactions of shoppers in financial institution branches in keeping with protocols of stopping the unfold of the illness.

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