Smartcash expands access to financial services, partners Stanbic IBTC

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has announced its strategic partnership with Stanbic IBTC Bank which will focus on cash deposits and withdrawals for Smartcash customers across Nigeria.

The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers across Nigeria.

Speaking on the partnership, Head of Partnership, Smartcash Payment Service Bank, Judith Osiobe, described the collaboration as another opportunity to drive financial inclusion across Nigeria.

“Since inception, we have seen Smartcash achieve a great feat in helping to promote financial inclusion and education through collaborations with various groups. We are, therefore, excited to collaborate with Stanbic IBTC Bank to expand access to financial services for more Nigerians. This partnership aligns with our commitment to catering to the diverse needs of our customers,” She said.

Highlighting the significance of the partnership, Omolara Osunsoko, Head, Partnerships, Stanbic IBTC Bank, emphasised the pivotal role of financial institutions in the economy.

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She noted: “This partnership reaffirms the Bank’s commitment to simplifying the customer experience for Airtel Smartcash customers by providing easy and accessible cash-in and cash-out services across our branches. This initiative allows Airtel Smartcash wallet customers to deposit and withdraw cash from any Stanbic IBTC Bank branch without hassles.

Smartcash and Stanbic IBTC Bank are confident that the synergies created through this partnership will significantly contribute to the advancement of financial inclusion in Nigeria.

SmartCash is a leading and innovative Payment Service Bank, established in 2022 following the approval of the Central Bank of Nigeria to actualize its financial inclusion goal for every Nigerian, especially the unbanked and underbanked.

SmartCash enables Person-to-Person payment service (P2P) that allows individuals to send and receive money from anyone around the globe through their mobile phones or at the nearest merchant shop outlet.

The primary purpose of SmartCash is to deepen financial inclusion, appropriating high-volume and low-value transactions in a safe, technology-driven environment.

With its corporate headquarters in Lagos, Nigeria, SmarCash’s overarching objective is to ensure financial inclusion for everyone including persons in the furthest and remotest parts of Nigeria.