Thriving Hospitality Industry Essential for Nigeria—Moniepoint CEO

May 6, 2024
Moniepoint thriving hospitality industry

By Aduragbemi Omiyale

The chief executive of Moniepoint Microfinance Bank, Mr Babatunde Olofin, has posited that Nigeria needs a thriving hospitality industry, especially at a period when the country is experiencing harsh economic challenges.

Mr Olofin made this submission while speaking on a recent award won by the company at the 2024 Hotel Industry Excellence and Sustainability Award (HIESA).

The leading digital financial services provider and definitive bank for businesses in Nigeria was honoured with the prestigious Best Hospitality Industry Support – Fintech Award, underscoring its commitment to empowering businesses within the hospitality industry through innovative financial solutions.

As a major artery in Nigeria’s booming hospitality sector, Moniepoint provides a range of digital financial services that streamline financial operations, improve guest experiences with digital payment and contribute to the overall growth and sustainability of the industry.

“We are honoured to receive this award from HIESA which is an eloquent testimonial to our collaborative work at Moniepoint.

“We believe that a thriving hospitality industry is essential for Nigeria and we remain committed to fostering a thriving ecosystem through continued innovation.

“Our customers remain at the centre of our universe and we’ll continue to ensure that we power their dreams in more ways so that they can experience financial happiness,” he said.

The HIESA is a highly respected award program that acknowledges the exceptional efforts of organizations and individuals propelling the hospitality and tourism sector forward.

By recognizing excellence in areas like leadership, innovation, and service quality, HIESA paves the way for a more robust and sustainable industry.

Revealing why Moniepoint was given the award, an executive director at IHTEF, Mr Chibuikem Diala, noted that Moniepoint has become a symbol of innovation, dedication and a testament to the resilience, expertise, partnership that is inherent in developing homegrown brands for the good of the hospitality sector in Nigeria.

“Moniepoint has been chosen by industry leaders because of its innovative contributions towards seamless financial transactions in the hospitality industry.

“It is worthy of note that Moniepoint as a financial technology brand with inventive solutions has helped to revolutionize financial services in hotels, restaurants, lounges, etc, and for small businesses especially those within the hospitality, fast foods, travel and tourism ecosystem in Nigeria who now experience very minimal processor failure disputes, considerably reduced downtime and track-able transactions, thereby providing effective tools to run hospitality businesses with ease, uncommon simplicity, security and profitability,” he said.

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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