By Oluwayomi Ayenibiowo 21 December 2022 | 10:25 am A new digital finance company, Folopay, has unveiled its products and services with the introduction of several financial packages to enable seamless cashless transactions. Folopay is Africa’s first financial products distribution company registered and licensed with the CBN, using mobile technology. Folopay’s team is made up of 80 per cent women and youths. The CEO,… A new digital finance company, Folopay, has unveiled its products and services with the introduction of several financial packages to enable seamless cashless transactions. Folopay is Africa’s first financial products distribution company registered and licensed with the CBN, using mobile technology. Folopay’s team is made up of 80 per cent women and youths. The CEO, Oliver Grace, speaking at the launch explained: “The Folopay fintech goals are in line with the overarching CBN cashless and financial inclusion policies for the economy. They are our major drive, enabling people to be included in the mainstream of offering and accessing financial services with the use of a mobile wallet. “There are millions of Nigerians with NIN but who do not have access to financial services because they do not have bank accounts. In Nigeria, there are 45 to 50 million persons with BVN whereas the population is over 200 million with people between 15 and 65 years over a hundred million.” Some of the services include mobile payment using 9PSB, a payment service bank, for purchases, cash transfer, health insurance, auto/gadget insurance, pension, car maintenance plans, loans and savings. The mobile wallet enables access to health insurance and pension for individuals. There are also special packages one of such is called study abroad JAPA loan for students who dream of studying and migrating abroad. The 9PSB mobile wallet was officially launched at LASU last week while a second activation was launched at the Aswani market, Isolo-Lagos. Latest 28 mins ago The National Assembly has been applauded over ongoing moves to establish the National Research Institute for Chemical Technology, Zaria. 45 mins ago The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ibrahim Ali (Rtd), and the Inspector-General of Police (IGP), Usman Baba, the chairman of the National Salaries, Income and Wages Commission (NSIWC), Mr Ekpo Nta, others on Tuesday, bag awards for their outstanding compliance with the mandate of the Federal Character Commission (FCC). 56 mins ago …..says he would not trade his ticket monetary gains The Presidential Candidate of the African Democratic Congress (ADC), Dumebi Kachikwu, has applauded the Federal High Court decision which declared as null and voids the continuous stay of Chief Ralph Nwosu as the Chairman of the African Democratic Congress (ADC). Kachikwu who was visibly elated over… 1 hour ago Chief Olisa Agbakoba, a senior advocate of Nigeria (SAN), says he will seek an interpretation of the exact scope of powers of the EFCC, especially in relation to states of the Federation from the Supreme Court. Agbakoba, a former President of the Nigerian Bar Association (NBA), made this known in a statement he titled, “The… 1 hour ago This year will be the fourth year running that Seyi Anne Moses has had to decide against going home to see her parents at Christmas.
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