MTN Business supports MFIs’ to drive financial inclusion

This according to the telco is necessary to enhance the operations of MFIs in helping them reach out better to the country’s unbanked and financially underserved population.Speaking at the forum organised in Lagos by MTN Business, with the theme: MTN XaaS – Helping MFIs Drive Financial Inclusions, Acting Chief Enterprise Solutions Officer, MTN Nigeria, Mr. […]

This according to the telco is necessary to enhance the operations of MFIs in helping them reach out better to the country’s unbanked and financially underserved population.
Speaking at the forum organised in Lagos by MTN Business, with the theme: MTN XaaS – Helping MFIs Drive Financial Inclusions, Acting Chief Enterprise Solutions Officer, MTN Nigeria, Mr. Tsola Barrow said technology has become a key differentiator and enabler for businesses.
This he explained informed the introduction of MTN XaaS: Micro-Banking Software-as-a-Service solution to take the operations of MFIs to another level.  
According to him, the idea was to provide a highly secure, cloud-based solution that, by design, could be implemented within a short time without licensing or setup costs.
Barrow, who was represented by Mr. Olutayo Egunjobi, Senior Manager, Enterprise Marketing said, “MTN Business is committed to delivering value and driving business growth in Nigeria through tailor-made, productivity-enhancing solu-tions. We also recognise that microfinance banks provide a huge funding platform for SMEs. Thus, enhancing the service delivery of these banks makes access to funds easier for SMEs, ultimately impacting positively on the economy.”