EXPERTS have identified high- powered collaborations, effective regulations and consumer-centric solutions as some of the ingredients needed to truly deepen financial inclusion in the country. In her paper tagged, ‘Financial Inclusion, Digital Payment and Challenges of Banking and The Underbanked,’ the Lead Speaker and Chief Executive Officer, Financial Institutions Training Centre (FITC), Mrs. Chizor Malize, believes financial inclusion has become imperative for the nation to effectively address the numerous socio-economic challenges presently confronting it. She therefore called for offerings that will really address the needs of this class of people, and enhance their socio-economic lives. Group Head, Retail Marketing and Analytics, Access Bank, and one of the panelists, Chioma Afe, believes effective collaborations between the fintech companies and the telcos represents one of the ways of reaching the last mile, regarding financial inclusion. The missing puzzle would be found, and issues around the growing number of the unbanked population would be sorted out,” he added.

Source: Nigerian Tribune May 02, 2022 03:02 UTC