MoneyMaster PSB, the payment service bank powered by Globacom, has formally launched its market offering and flagship product G-Kala at a special stakeholder event attended by journalists, regulators, market and trade associations, student union representatives, trade partners and Nollywood actors.
At the event held in Lagos on Wednesday, managing director of MoneyMaster PSB Demola Elutilo explained that G-kala was set to deepen financial inclusion and create new job opportunities in Nigeria.
Mr Elutilo assured them that ‘G-kala’ will bring a huge number of the unbanked populace into the financial system of the country.
According to him, the operations of MoneyMaster PSB would empower many Nigerians financially and bring, most especially, people in the rural areas into the banking system.
Elutilo revealed that with innovative features, G-kala is set to revolutionise the Nigerian payment system while adding that it would advance the cashless economy initiative of the federal government and bring millions of people in urban and rural areas into the financial community.
“MoneyMaster PSB will bring convenience and inclusion across all our target segments of the population. With G-kala, your phone is your bank.
“Aside from the benefits to our customers, we are onboarding a very large number of agents for cash in and cash out, through which we are creating new jobs in our various communities, which is also a boost to the nation’s economy.
“This is the beginning of our journey to revolutionise the financial services landscape in the country,” Elutilo said.
General manager, business development, Nigeria Interbank Settlement Scheme (NIBSS) Samuel Oluyemi, who spoke at the event, lauded MoneyMaster PSB for introducing G-kala.
Mr Oluyemi disclosed that NIBSS had worked with MoneyMaster PSB from the beginning to ensure seamless integration with the countrywide banking system.
He added that the payment service bank is a great plus in promoting financial inclusion and widening the scope of service providers across the country,
Oluyemi revealed that there was so much expectation from the unbanked population across the country for the services of payment services banks and called on MoneyMaster PSB to seize the initiative of fast deployment of services to address the needs of that critical segment of the population.
Nollywood actors Victor Osuagwu, Odunlade Adekola, Mercy Johnson and Saidi Balogun were present at the launch.
