MoneyMaster PSB Unveils New Agency Banking Software to Boost Financial Inclusion
Nigeria’s leading Payment Service Bank, MoneyMaster PSB (MMPSB), has launched an advanced agent banking software aimed at enhancing financial inclusion and improving banking experiences for customers and agents across the country.
Enhancing Agency Banking Services
In a statement issued in Lagos, MMPSB described the new software as a game-changer for agency banking, offering a comprehensive suite of services. These include bill payments, instant reversal of failed transactions, payments for lottery and betting, customer balance inquiries, card linkage to POS terminals, and access to transaction history across multiple channels.
According to the bank, the new software has been fully integrated with MMPSB’s core banking platform, ensuring a seamless and secure experience for all stakeholders, including agents, customers, and business partners.
Driving Financial Inclusion with Cutting-Edge Technology
With this latest innovation, MoneyMaster PSB has solidified its position among the top financial institutions deploying state-of-the-art technology for POS terminal operations. The bank was among the pioneers of USSD banking in Nigeria, a move that significantly contributed to bridging the financial gap for the unbanked. Over time, its banking channels have expanded to include a mobile banking app and internet banking services.
Supporting Businesses and Government Initiatives
MMPSB reaffirmed its commitment to financial inclusion by supporting businesses with customer-centric solutions aimed at enriching the banking experience. This commitment has earned the bank a reputation for seamless transactions, leading to its selection as a payment partner for the Lagos State Government’s Phase 2 of the Ounje Eko food discount market, an initiative launched by Governor Babajide Sanwo-Olu to provide subsidized food items to residents.
A Secure and Seamless Banking Experience
The bank emphasized that the new agency banking software is designed to offer a more secure and efficient transaction experience for customers using MMPSB’s POS terminals nationwide. By consolidating multiple financial services into a single platform, the solution is expected to enhance revenue streams for agents while providing customers with a reliable and convenient banking alternative.
With this latest move, MoneyMaster PSB continues to demonstrate its leadership in leveraging technology to drive financial inclusion, ensuring that more Nigerians have access to essential banking services.
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