Hope Payment Service Bank (PSB), a subsidiary of Unified Payment Services Limited has commenced a community inclusion initiative to support the Central Bank of Nigeria’s naira redesign policy.
Speaking at a press conference to unveil the initiative on Friday, the Managing Director of the bank, Ogechi Altraide, explained that the initiative was targeted at promoting a cashless economy and ensuring that Nigerians, particularly the unbanked, performed transactions through electronic channels across the country.
She disclosed that the initiative would enable Nigerians to open Hope wallet from their phones by simply dialing its code.
“The wallet holders can deposit their cash into the wallet at any agency banking outlet in different communities across the country,” she added.
Altraide said the bank had offered to give everyone N500 cash incentive for opening the wallet, and that all transactions could be performed using phone numbers.
In her words: “Hope PSBank is giving N500 to everyone that opens the Hope Wallet. The phone number is the wallet, account number, and ATM card. The phone number can be used to transfer money, make payments and withdrawals at PoS, ATM and Web.”
The bank had in the recent past collaborated with the federal government engaged youths is skill development and empowerment. The programme, which latches unto the Extended Special Public Works (ESPW) instituted by the Federal Government, offered opportunities to participants. Beneficiaries, armed with vocational skills, were empowered as Agents of the Bank to deliver Digital Financial Services in their respective LGAs, which helps to drive Financial Inclusion and stimulate economic activities in these LGAs.