Business Post Contributor
By Ashemiriogwa Emmanuel
OnePipe, an infrastructural fintech company, has partnered with Kudi, a payments service company, to provide financial service to millions of users across Nigeria through the Kudi benefit account.
The financial solution, which is set to deepen financial access to millions of users who already rely on Kudi’s payment service for various cash transactions, was vitalized by the collaboration of Polaris bank limited, Migo, Zitra investments, Kudi and OnePipe.
According to a statement issued on the innovation, Polaris Bank Limited will facilitate the provisioning of full-fledged, regulatory compliant accounts through its digital banking platform, Vulte, while the combined investments of Migro and Zitra will provide the lending resources for the financial solution.
Commenting on the partnership, OnePipe’s CEO, Mr Ope Adeoye, stressed the need for present financial services stakeholders to collaborate with innovators in extending the digital financial ecosystem to over 38 million Nigerian adults who do not have access to digitised financial services.
He further said that “the collaboration of Polaris Bank, Migo, Zitra Investments, Kudi and of course OnePipe has birthed the value proposition driving the Kudi Benefits Account.”
In the same vein, the CEO of Kudi, Mr Yinka Adewale, emphasised the need to venture into the various channels in providing financial access to underserved Nigerians across the country as a payment service company.
According to him, “It is important to us to continue exploring various channels to drive financial access to every Nigerian regardless of who they are or where they live.
“Leveraging OnePipe’s infrastructure, partnership with Polaris Bank and others, we can now provide full utility, Nigeria Uniform Bank Account Number (NUBAN) bank accounts laced with a no-friction credit proposition via kudibenefits.chat and very soon we will be issuing debit cards to millions of users and expand our service offerings to them.”
