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MTN Business supports MFIs’ drive for financial inclusion



MTN, telecoms operators

IN a bid to enhance the operations of Nigeria’s Microfinance Institutions (MFIs), helping them reach out better to the country’s unbanked and financially underserved population, MTN Business, the business-to-business unit of MTN Nigeria, has urged MFIs to embrace cost-effective and operationally efficient solutions in the management of their businesses.

This was the focus of a recently held forum, organised in Lagos by MTN Business, with the theme: MTN XaaS: “Helping MFIs Drive Financial Inclusion.”

Speaking at the forum, the Acting Chief Enterprise Solutions Officer, MTN Nigeria, Tsola Barrow, said that technology “has become a key differentiator and enabler for businesses.”

Reason, he explained, the MTN XaaS: Micro-Banking Software-as-a-Service solution was introduced to take the operations of MFIs to another level.  The idea was to provide a highly secure, cloud-based solution that, by design, could be implemented within a short time without licensing or setup costs.

“MTN Business is committed to delivering value and driving business growth in Nigeria through tailor-made, productivity-enhancing solutions. We also recognise that microfinance banks provide a huge funding platform for SMEs.

Thus, enhancing the service delivery of these banks makes access to funds easier for SMEs, ultimately impacting positively on the economy,” added Barrow, who was represented by Mr. Olutayo Egunjobi, Senior Manager, Enterprise Marketing.

Furthermore, the Managing Director of MBA Microfinance Bank Limited, Bode Ajayi, described MTN XaaS as very fast and as the best of all the software solutions he had used till date.

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