Glo-Powered MoneyMaster Payment Service Bank (MMPSB), a prominent payment service bank in Nigeria, has experienced significant growth in its clientele after introducing a range of new services to its offerings.
The positive growth is as a result of innovations and services introduced in the past few months by the PSB to delight its customers in the country.
Licensed by the Central Bank of Nigeria (CBN) in August 2020, MoneyMaster PSB facilitates payments and remittance services within Nigeria, accepts deposits from individuals and small businesses, issues debit and prepaid cards, operates electronic wallets, inbound remittances, and carries out other services in line with CBN regulations.
Its focus is the unbanked and under-banked segment in Nigeria in order to deepen financial inclusion, says a press release by corporate affairs unit of the telecommunications giant.
“It launched commercial operations in May 2022, and has continued to experience expansion in its client base with hundreds of potential customers leveraging its digital channels such as USSD, mobile app and internet banking to open accounts, buy airtime and data, pay utility bills and more,” the release also added.
Sources indicate that more Nigerians are joining the bank to enjoy the wide array of services on offer and conduct their financial transactions with ease and with assurance of security of their transactions.
Newsmart learnt there are currently over 4,000 billers on the MMPSB platform and the number is growing on a daily basis. Through the platform, customers are able to pay for many essential services such as airtime, data, electricity, cable subscription, etc.
The immediate future holds bigger promise for customers of the payment service bank as it gears up to retool and reengineer for better customer experience. Several new initiatives are set to be unveiled to delight customers soon.
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