By CALLISTUS OFFOR, Abuja –
In line with its commitment to accelerate financial inclusion by individuals and businesses in Nigeria and beyond through secure, seamless and hassle-free transactions, an innovative pan-African Digital Payment Platform, Kayi Bank has launched its banking app, Kayi App.
The Kayi Bank’s App was unveiled by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, at the event which was held on Thursday in Abuja.
The founder of Kayi Bank, Alhaji Saadina Dantata, said the innovative Fintech payment platform was developed to make financial transactions simpler, faster, secure and more convenient for everyone.
“We are excited to introduce our innovative fintech product, Kayi App, to the Nigerian market. With our dedicated and young team of innovative and creative Nigerians drawn from across the world,
“The Kayi App aims to empower Africans with the tools and knowledge to take control of their financial future. I envision a continent where every individual and business can thrive financially, regardless of their location or income level”, he said.
On his part, the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, said the launch of the innovative fintech product is in line with President Bola Tinubu’s mandate of achieving an inclusive economic growth in the country.
According to him, financial inclusion contributes significantly to the country’s economic growth by increasing the numbers of entrepreneurs and businesses that participate in the formal economy.
“If we thrive a strong financial inclusion it will help to grow the economy and ensure a strong financial stability as well. When Individuals have access to banking services, they are less likely to result to risky, informal financial practices, get easy access to credit and better manage their financial flow.
He commended Alhaji Dantata for his initiative to provide products that allow commercial drivers to purchase fuel at some designated filling stations and make payments the following day as a way to mitigate the effects of petrol subsidy removal.
He therefore charged the Kayi App team not to consider the Investment made by the investors as just another opportunity to copy the best mobile app in the world but to build with the intention of using technology to solve the problems identified by the investors.
“I encourage you to continue to improve on this products and i look forward to the future when it will be the standard for financial inclusion when it comes to the ordinary people.
Earlier, the technology team of the Kayi App headed by Chukwunonimem Ike, said one of the key factors that distinguished Kayi App in the mobile banking sector is its relentless innovation and a customer-centric approach.
According to him, the Kayi App is one of the banking apps in Nigeria that’s built on web 2.5. and the payment gate way is built to provide easy payment process for individuals, businesses and establishment.
“We recognize the distinctive challenges faced by individuals across Africa, and it’s precisely these challenges that have inspired us to craft solutions that confront them head-on.
“Our user-friendly super app, cutting-edge security features, field support staff in every ward in Nigeria and 24/7 customer support are just a few examples of how we’re putting our customers first,”
Speaking on market opportunity that informed Kayi Apps introduction, its Product lead, Abdulganiyu Rufa’i said the African fintech market is brimming with opportunities and that Kayi App is poised to make a significant impact.
The unveiling of Kayi Bank’s app was graced by key investors from across Nigeria, The United Arab Emirates, (UAE), Saudi Arabia, Turkey, among others.
Other dignitaries who attended the event include: the Chairman Azman Group, Alhaji Abdulmunat Y Sarina, Otunba Toye Ariyo and Alhaji Mohammed Sani Abacha, the son of former head of state, Gen Sani Abacha, and the Director General of the National Information Technology Development Agency, NITDA, Kashifu Inuwa Abdullahi.