National Economy
Thursday, July 31, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

ProvidusBank Pioneers Launch Of Dual-Purpose Card For MSMEs

by Olushola Bello
2 years ago
in Business, News
Reading Time: 2 mins read
Providus_Bank_logo
Share on FacebookShare on TwitterShare on Telegram

 

BY OLUSHOLA BELLO

ProvidusBank Limited has collaborated with MasterCard to introduce an innovative payment solution for business customers in a bid to facilitate seamless transactions for both payment and collection purposes.

Speaking at the launching of the new solution named Amphi card, the first of its kind in the Middle East and African continent, the managing director of the Bank, Mr. Walter Akpani, emphasized the institution’s commitment to innovation.

You May Like

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

Stakeholders Warn Against Weakening FoI Act

He expressed gratitude to MasterCard for their partnership in the project, saying, “We want to pioneer new ways of doing things and that is not something we can do alone.”

Akpani described the card as part of the bank’s ongoing pursuit of innovation, saying, “The frontier of innovation never stops; we just have to continue to prod our intellectual abilities to do new things. At the end of it all, it is the customers that benefit from this push for innovation.”

He reassured the bank’s customers that they would remain at the forefront of addressing their needs, providing tailored solutions to foster business growth.

The deputy managing director, Mr. Kingsley Aigbokhaevbo, affirmed that the new product would significantly reduce expenses for MSMEs, describing it as a fantastic solution.

Vice-president, Customer Service Solutions -East Africa & west Africa/Indian Oceans, MasterCard, Kari Tukur, acknowledged the Amphi card as the first dual card launched in Eastern Europe, the Middle East, and Africa.

She said, “As a technology company in the payment industry, we are excited to be part of this innovative solution – a digital and financial technology that makes life different and easy for everyone. Today, we are launching a solution that embodies payment and collection, making it a true different and far-reaching solution.

“At MasterCard, we realized the pivotal role that MSMEs play in the global economy as they contribute significantly to the economic and job creation in its different markets.”

Highlighting the crucial role of MSMEs in the global economy, manager, corporate finance division of Bank of Industry (BOI), Chike Chukwuelue said the bank is actively involved in the innovation landscape in Africa, collaborating with commercial banks to provide affordable loans to SMEs. Additionally, the BOI offers various products directly benefiting SMEs.

According to him, statistics show that in 2022, MSMEs, contributed over 48 percent to Nigeria’s GDP and accounted for more than 90 per cent of businesses and 80 per cent of employment, thereby serving as the true backbone of the Nigerian economy.

 

Tags: ProvidusBank
ShareTweetShare
Previous Post

NGX, Stakeholders Deepen Capital Market With AI, Analytics Tools

Next Post

Abbey Mortgage Bank Enhances Financial Sustainability Within Civil Society Sector

ANOTHER GOOD READ

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up
Business

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

13 hours ago
Stakeholders Warn Against Weakening FoI Act
News

Stakeholders Warn Against Weakening FoI Act

2 days ago
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories
News

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

2 days ago
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’
News

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

2 days ago
Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant
News

Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant

2 days ago
Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business
News

Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business

2 days ago
Next Post
Abbey Mortgage Bank Enhances Financial Sustainability Within Civil Society Sector

Abbey Mortgage Bank Enhances Financial Sustainability Within Civil Society Sector

Most Recent

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

July 30, 2025
Stakeholders Warn Against Weakening FoI Act

Stakeholders Warn Against Weakening FoI Act

July 29, 2025
Impact Of Fake Colleagues In A Workplace

Impact Of Fake Colleagues In A Workplace

July 28, 2025
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

July 28, 2025
Women’s Basketball Premier League: First Bank Makes Strong Start

Women’s Basketball Premier League: First Bank Makes Strong Start

July 28, 2025
WAFCON 2024: Senate Celebrates Super Falcons

WAFCON 2024: Senate Celebrates Super Falcons

July 28, 2025
Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

July 28, 2025
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

July 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy