The 12 selected CDAs were beneficiaries of the pilot scheme IE entered into with United Bank for Africa (UBA) and E-top, a Payment Terminal Service Provider (PTSP), to launch an initiative aimed at empowering communities within its network through the creation of entrepreneurial opportunities.
Speaking on the initiative, Chief Commercial Officer of IE, Mrs. Folake Soetan, explained that the approach reflects the company’s commitment to delivering practical solutions for customers and the communities in which it operates.
“In line with this initiative, the CDAs/CDCs are expected to serve as guarantors for members of the communities who have been nominated as Payment Agents, while UBA and E-top will provide seed capital and POS terminals respectively. The agents will also be trained by IE,” she said.
Executive Director, ETOP, Leke Olubode, explained that the project is about providing payment convenience for its customers across all its business locations, especially in remote communities yet to embrace mobile or cashless mode of payment.
According to Helen Brume, UBA’s Divisional Head, Power and Project, the bank is delighted to be a strong partner and supporter of Ikeja Electric, and the bank has long history of partnership with IE being one of the key financiers of the acquisition of the distribution license.
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