FG unveils NIPOST’s debit card, banking platform, courier vehicles
The federal government has inaugurated the Nigerian Postal Service debit card, an agency banking platform, and 27 courier service vehicles.
The inauguration was made by the Minister of Communications and Digital Economy, Prof. Isa Pantami, on Thursday in Abuja.
The Nigerian Postal Service debit card and the agency banking platform will deepen financial inclusion and boost Nigeria’s economy, while the 27 courier service vehicles will make NIPOST and its partner, Speedaf Express, to compete favourably, according to the minister.
He added that a digitalized economy would improve the ease of doing business and transparency, as well as fight corruption.
Pantami said, “NIPOST electric debit card is the first of its kind in the country because it works offline and online and it is the first time NIPOST comes with a solution like this because it is a multipurpose card for financial transaction, condition cash transfer, payment of bills and many more.
“The second product which is the NIPOST banking platform will allow the customers of NIPOST to conduct financial transactions. It is another innovative solution that will make our banking system more easier and this is also in alignment with our proposal to come up with NIPOST microfinance bank”.
The minister further clarified that the essence of the new financial solutions is to provide financial services to those in the unbanked regions.