Nigeria’s national financial inclusion target of ensuring 95 percent of the country’s adult population have access to formal and/or informal financial services by 2024 are low. The current official figures reported by the central bank show an inclusion rate of 63.2 percent, making the 2024 target less feasible at this rate.
Agency Banking, a major driver of financial inclusion in Nigeria is still in the growth stage with 800 thousand agent points delivered out of 5 million points targeted by the Central Bank. Research by Efina identified challenges faced by Agency Banking networks.
Cloud Interactive Platforms Limited (CIP) has a specific focus on Digital Embedded Finance and Agency Banking, focusing on specific verticals:
– Embedded Finance Products for SMEs
– Agency Banking Aggregation for specialized retail channels (FMCGs),
CIP has positioned to address three of the key challenges identified by Efina report (https://www.efina.org.ng/wp-content/upload
| Sectors | Computer software, Fintech, Information technology |
| Location | Lagos, Nigeria |
| Stage | Sign in to view details |
| Markets | Sign in to view details |
| Customer model | Sign in to view details |
| Revenue | Sign in to view details |
| Contact | Sign in to view details |
| Social media |