The relentless expansion drive of Access Holdings has become a beacon of economic growth and development in Africa, contributing to the transformation of emerging markets and positioning the institution as a key player on the global stage.
One notable aspect of Access Holdings’ expansion strategy is its cross-border approach, establishing a presence in countries spanning from Burundi, Côte d’Ivoire, Democratic Republic of Congo, Gambia, Ghana, Rwanda, Sierra Leone, Zambia, UK, and China, to recent additions like UAE, India, Lebanon, Cameroon, and Kenya.
This strategic positioning has placed Access Holdings in key financial centres globally, facilitating its growth and contributing positively to the various economies and regions where the institution can be found.
The merger with Diamond Bank in 2019, as part of a five-year strategic plan for continental expansion, marked a pivotal moment in Access Holdings’ journey. The consolidation of strengths between the two institutions resulted in a financial powerhouse spanning three continents and twelve countries, serving over forty-five million customers.
This successful consolidation enhanced Access Holdings’ operational efficiency and solidified its position as a formidable player in the financial sector.
That same year, Access Holdings, through Access Bank, also launched its Access Africa product, a payment system designed to facilitate cross-border trade and non-trade payments. This digital innovation simplifies various payment transactions, including Person-to-Person (P2P), Business-to-Business (B2B), Person-to-business (P2B), and Government to Person (G2P) payments. Today, Access Africa stands out as a testament to Access Holdings’ dedication to driving digital payments and financial inclusivity across Africa.
Access Holdings’ continuous expansion is not confined to geographical reach alone, as the institution has embraced digital technology to power its sustainability targets and the strategic ‘Africa’s Gateway to the World’ drive.
Leveraging technology for financial inclusion and innovation, the institution has launched initiatives like the partnership with Remita for PayDay loans, which has improved the lives of over five million external customers.
Access Holdings’ expansion benefits are not confined to the institution but reverberate throughout the several economies and countries.
The ability to scale rapidly has enabled Access Holdings to grow its customer base and administer core operational infrastructures more efficiently.
The institution’s performance has a positive economic impact, enhancing competitiveness and profitability in the finance industry.
Access Holdings’ deliberate effort to extend its domestic and international reach has undeniably boosted economic growth and development across the continent.
Beyond positioning itself as a key driver of positive change, the institution’s strategic approach has transformed the financial landscape, creating better jobs, increasing productivity, and reducing poverty across various sectors.
Access Holdings’ continuous strategic expansion, which combines physical presence, digital innovation, and impactful mergers, remains a force for economic prosperity and development in Africa.
