MoreMonee launches Nigeria’s first domestic debit card with NIBSS, AfriGO & CBN

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MoreMonee, formerly known arsenic M&M MFB, is simply a starring fiscal work supplier successful Nigeria, transforming the banking scenery with innovative solutions tailored to individuals and businesses.

Originally licensed by the Central Bank of Nigeria successful 2008, M&M MFB was acquired by MoreMonee successful October 2023. The institution is committed to eradicating poorness successful Africa by providing fiscal services that empower businesses and individuals.

With a absorption connected seamless transactions, savings features, concern support, and fiscal security, MoreMonee has positioned itself arsenic a slope of the future. The institution offers a scope of services done its online banking app, enabling users to transfer and person funds, gain regular involvement connected relationship balance, store online, seamless measure payments, and money their stake wallets with ease.

MoreMonee Launches Nigeria’s First Domestic Debit Card with NIBSS, AfriGO & CBNMohammed Olatunji (Dr Mo), CEO of MoreMonee
Source: UGC

Meet the Visionary CEO: Dr. Mohammed Olatunji

At the helm of MoreMonee is Dr. Mohammed Nurudeen Olatunji (Dr. Mo)—a visionary leader, fiscal innovator, and Nigeria’s youngest slope chairman. A subordinate of the Forbes Financial Council, a cybersecurity expert, and a Chartered Fellow of Financial Management, Dr. Mo has played a pivotal relation successful MoreMonee’s accelerated rise.

His outstanding contributions person earned him galore accolades, including the Nelson Mandela Leadership Award for Excellence and Integrity (2024) and the Nigeria Most Respected CEO Award (2021).

A arrogant postgraduate of the University of Ilorin with a grade successful Computer Science, Dr. Mo began his travel successful Owerri, wherever helium served during his National Youth Service and aboriginal founded MoreMonee. Today, the company’s office stay successful Owerri, Imo State, a testament to its beardown roots.

Under his leadership, MoreMonee has emerged arsenic Nigeria’s fastest-growing microfinance bank, pioneering cutting-edge fiscal solutions that empower some businesses and individuals.

MoreMonee Partners with NIBSS & AfriGO to Launch Nigeria’s First Domestic Debit Card

MoreMonee Launches Nigeria’s First Domestic Debit Card with NIBSS, AfriGO & CBN
MoreMonee Launches Nigeria’s First Domestic Debit Card with NIBSS, AfriGO & CBN

One of MoreMonee’s astir important milestones is the motorboat of Nigeria’s archetypal home debit paper successful collaboration with CBN, Nigeria Inter-Bank Settlement System (NIBSS), and AfriGO.

This inaugural is designed for Nigerians to transportation retired seamless section transactions. The paper can beryllium utilized for online shopping, utilized astatine ATM and POS terminals, market buying and more. MoreMonee’s concern with NIBSS and AfriGo lowers transaction outgo arsenic it reduces the reliance connected overseas outgo systems.

This collaboration highlights MoreMonee’s publication to the maturation and improvement of Nigeria’s fiscal assemblage by providing secure, convenient and affordable outgo solutions for its customers.

This home paper offers respective benefits, including:

  • Lower transaction costs compared to planetary paper systems.
  • Enhanced information done locally managed outgo infrastructure.
  • Faster processing times for payments and withdrawals.
  • Greater fiscal inclusion for tiny concern owners and individuals.

MoreMonee’s committedness to driving fiscal inclusion ensures that tiny businesses person entree to reliable and cost-effective banking solutions, boosting economical maturation successful Nigeria.

MoreMonee Launches Nigeria’s First Domestic Debit Card with NIBSS, AfriGO & CBNMr Ugo Obasi, NIBSS-AfriGO Executive Director (left) & Mohammed Olatunji, CEO of MoreMonee (right)
Source: UGC

How MoreMonee stands retired from accepted banks

MoreMonee stands retired from accepted banks with its customer-focused features, including:

  • Instant Transactions: Transfers are processed instantly with nary delays.
  • Target Savings Feature: Customers tin fastener their funds and gain competitory involvement rates.
  • Linked Accounts: Business, family, and idiosyncratic accounts tin beryllium managed from a azygous dashboard.
  • MoreMone Shop: Business owners tin advertise and person orders for their products and services, arsenic customers spot orders straight connected the app.
  • MoreMonee FutureBox: Users tin gain up to 24% involvement annually, making it 1 of the astir lucrative savings options successful Nigeria.
  • User-Friendly Experience: A seamless and intuitive banking app designed to supply a broad and user-friendly acquisition for users, and transaction receipts are accurately timed.
  • Bet Arena: Allows users to easy money their betting wallet
  • Ajo Savings: This diagnostic is large for entrepreneurs who privation to decently negociate and organise their thrift donations.

Why Nigerians Trust MoreMonee

Building spot successful fiscal services is crucial, and MoreMonee has earned the assurance of its customers for assorted reasons. MoreMonee prioritises strict information privateness policies, ensuring that its users transportation retired unafraid and confidential transactions. In addition, it uses precocious cybersecurity measures to support idiosyncratic information.

MoreMonee besides understands the value of being accessible to its users to physique spot and they person a dedicated 24/7 lawsuit enactment squad to usher users and springiness them contiguous responses to their inquiries and complaints, ensuring lawsuit satisfaction.

MoreMonee is afloat licensed by the Central Bank of Nigeria (CBN) with depositor’s funds insured by the Nigeria Deposit Insurance Corporation (NDIC). It is besides disposable nationwide with customers being capable to support their relationship from anyplace successful the state arsenic agelong arsenic they person a mobile telephone with net connection.

MoreMonee’s interaction successful the fiscal assemblage continues to grow, with notable achievements specified as:

MoreMonee Launches Nigeria’s First Domestic Debit Card with NIBSS, AfriGO & CBN
  • Launching Nigeria’s archetypal home debit paper successful concern with CBN, NIBSS, and AfriGO.
  • Hosting NIBSS-AfriGO Executive Director, Mr. Ugo Obasi, astatine MoreMonee’s Head Office successful Abuja to fortify manufacture relationships.
  • Sponsoring the Diamond Bikers Gang astatine the Calabar Biker Carnival, enhancing societal engagement and marque visibility.

MoreMonee is redefining fiscal services successful Nigeria by leveraging technology, innovation, and strategical partnerships to make inclusive and customer-centric banking solutions. With the motorboat of its home debit paper and a suite of almighty fiscal tools, the institution is well-positioned to go Africa’s next-generation bank.

For much information, sojourn MoreMonee’s website oregon travel them connected their antithetic societal media platforms: Twitter/X: @MoremoneeBank, Facebook: MoreMonee, Instagram: @more.monee, YouTube: MoreMonee, Snapchat: MoreMoneeBank, WhatsApp Channel: Join Here, TikTok: @MoreMonee_Bank.

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Source: Legit.ng

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