Access Bank Plc launched 901. ng, an offline banking platform, on Friday March 22, 2024 to provide customers with an extra channel to conduct transactions and increase financial inclusion in the country.
Financial inclusion in Nigeria has risen to 74% by 2023, up from 68% in 2020. The Central Bank of Nigeria has set a target of 95% by 2024.The concept was developed in partnership with RemitPlus, which has promoted offline banking in the country.
At the introduction in Lagos, Access Bank stated that the solution sought to redefine comfort and security in banking, ensuring continuous access to financial services even without internet connectivity.
In his remarks, Victor Etuokwu, Deputy Managing Director at Access Bank, stated that millions worldwide continue struggling to access online banking services for various reasons, including inadequate internet infrastructure, rural locations, and security concerns.
Recognising this gap, Access Bank created this solution to enable customers to bank safely at any time and location, regardless of internet connectivity.
He said, “We are committed to using technology to improve the banking experience for all our clients.
With the launch of our offline banking platform, 901. we are breaking down barriers and empowering individuals and companies to handle their accounts confidently, even in offline contexts.”
Also, Njideka Esomeju, Group Head of Consumer Banking at Access Bank, stated that the lender’s offline banking platform, 901. ng reiterated one of the bank’s fundamental values – innovation – by setting a new bar for accessibility and security in the banking industry.
She reiterated that in line with the bank’s commitment to excellence, Access Bank will continue to evolve its offerings to meet the changing needs of its diverse customer base.
Oluremi Tinuolu-Gabriel, Head of Digital Channels at Access Bank Plc, explained that the product was unique and was launched to improve the client experience.
According to him, the innovation is the first of its kind in this region of the world. 901. ng enables consumers to conduct basic banking operations with or without the Internet.
Emeka Madu, CEO of RemitPlus, stated that Access Bank was at the forefront of innovation with a vast client base. Thus, they were a favoured choice.
Madu said, “Our platform is all about bridging the digital divide and helping people to be able to access financial services, which we have been able to achieve via our partner, AccessBank.”
