Globacom on Wednesday announced the official launch of MoneyMaster PSB, its payment service bank business licensed by the Central Bank of Nigeria (CBN) to help provide financial services to millions of unbanked and underbanked Nigerians.
Speaking at the event, the Managing Director of MoneyMaster PSB, Mr Demola Elutilo said the product will increase financial services accessibility as well as deepen financial inclusion and create new job opportunities in the country.
He said, “MoneyMaster PSB will bring convenience and inclusion across all our target segments of the population. With G-kala, your phone is your bank.
“Aside from the benefits to our customers, we are onboarding a very large number of agents for cash in and cash out, through which we are creating new jobs in our various communities, which is also a boost to the nation’s economy. This is the beginning of our journey to revolutionize the financial services landscape in the country.”
Elutilo stated explained that G-kala will attract a huge number of the unbanked populace into the financial system of the country.
In a statement, the firm added, “MoneyMaster PSB’s ‘G-kala’, is designed to operate simpler, convenient and more reliable channels for customers to conduct financial services.
“It will provide an easy way for people to move money, access financial information, and make bill payments. To open an account, all the customer needs to do is dial *995# then follow the prompts from a Glo line or from any other telecommunications network as MoneyMaster PSB is provisioned to work with any network.”
