
The Federal Government has assured that it will pursue digital financial inclusion to ensure inclusive growth and increase the number of individuals and businesses that participate in the formal economy so that no one is left behind.
Meanwhile, a new financial technology company, Kayi App, has secured regulatory approval to provide and accelerate access to financial inclusion by individuals and businesses through secure, seamless and hassle-free transactions.
The fintech has expressed readiness to drive the financial inclusion target of the Central Bank of Nigeria (CBN) through the provision of cutting-edge secure and innovative payment services to individuals and businesses in the country.
At the unveiling of Kayi App, yesterday, in Abuja, Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, observed that a significant amount of entrepreneurs in the country should be brought into the formal economy to drive strong and inclusive economic growth and alleviate poverty.
He noted that financial inclusion helps to alleviate poverty by giving people access to financial tools such as savings and credit to enable them access services, grow businesses and create job opportunities.
Tijani stated that entrepreneurs have the responsibility to drive economic growth, while the government puts in place necessary policies that would enable businesses thrive.
He urged entrepreneurs to leverage technology, invest in creativity and come up with new ways of helping the country develop fast. Promoter of the fintech, SaadinaDantata, said Kayi App, which is an innovative pan-African Digital Payment Platform, was borne out of a vision to revolutionise the financial services landscape in Africa, to fulfil the need for accessible, secure and customer-centred financial services that cater for the unique needs of Nigerians and Africans at large.
He said: “We are excited to introduce our innovative fintech product, Kayi App, to the Nigerian market. We have worked tirelessly to develop a suite of fintech solutions that will make financial transactions simpler, faster, secure and more convenient for everyone.”
On market opportunity that informed Kayi App’s introduction, the Product Lead, AbdulganiyuRufa’i, said the African fintech market is brimming with opportunities and that Kayi App is poised to make a significant impact.
Chukwunonimem Ike, who heads the technology team of Kayi App, said: “What truly distinguishes the Kayi App is our unwavering commitment to relentless innovation and a customer-centric approach that places ‘you’ at the forefront.
“We recognise the distinctive challenges faced by individuals across Africa, and these challenges inspired us to craft solutions that confront them headlong.”
FG pledges to drive economic growth through financial inclusion
Central Bank of Nigeria (CBN). Photo/facebook/cenbankng