Jaiz Bank, the first non-interest bank in Nigeria, announced a new partnership with Teasy Mobile Money to offer consumers alternative banking features via mobile handsets, reported HumanIPO. Jaiz Bank reported that the initiative aims to serve Nigerians who can’t afford commercial banking due to high fees. The companies are hoping to improve financial inclusion in the West African region.
“We see this as a ‘win, win, WIN’ arrangement. Through this collaboration, Jaiz wins, Teasy wins, but most importantly the customers are the big winners,” Musa Ali Baba, managing director at Teasy, said. “Both companies have been licensed by the CBN to address identified gaps in the financial system. In this instance, we have identified areas where our respective gaps overlap and shall now drive to close them.”
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More