Smartcash Payment Service Bank (PSB), the fintech unit of Airtel Africa in Nigeria, has achieved a significant milestonereaching 20 million accounts across the country. This achievement further solidifies Smartcash’s position as a major player in Nigeria’s rapidly evolving digital banking landscape. While specific details about the number of active wallets were not disclosed, this remarkable growth demonstrates the increasing popularity and trust in Smartcash’s services among Nigerians.

During a Media Roundtable hostedAirtel in Lagos, Judith Osiobe, Head of B2B Sales at Smartcash Psb, unveiled the impressive account figure. She highlighted the recent launch of the Smartcash Remittance Service, which aims to promote financial inclusion on a global scale. The service offers competitive tariffs compared to traditional remittance methods, making it accessible to a wide range of customers. Opening an account is simple, eitherdialing *939# or downloading the app, enabling individuals to activate the service using their existing mobile number. Osiobe emphasized the company’s commitment to changing lives and ensuring financial services are accessible to everyone.

In addition to its advancements in digital banking, Airtel Africa is also investing significantly in 5G network services. With over 250 5G sites in operation2023, the company plans to expand its coverage beyond Lagos and Abuja. Ismail Adeshina, Airtel Nigeria’s Director of Marketing, highlighted their collaborative efforts with technology partners, device manufacturers, and local businesses to develop innovative use cases for 5G, such as IoT applications and smart city solutions. Adeshina reassured customers that Airtel’s investment in 5G will not compromise its 4G services, as each site will continue to support 2G, 3G, and 4G networks. This strategic approach ensures a seamless transition to 5G based on specific usage requirements.

Furthermore, Airtel Africa is committed to empowering small and medium-sized enterprises (SMEs) and government agencies through data and cloud management solutions. Recognizing the differing needs of the private and public sectors, Airtel organized a special public sector event to showcase how government agencies can enhance their reliability through digitization. This initiative aimed to address the challenges facedthe government in managing their data effectively. Ogo Ofomata, Director of Airtel Business, emphasized the company’s dedication to meeting the digitalization agenda of the governmentproviding tailored solutions for their specific requirements.

As Airtel Africa’s Smartcash PSB continues to expand its customer base and drive financial inclusion, its significant presence in the digital banking sphere in Nigeria promises a brighter future for individuals and businesses alike.

Frequently Asked Questions (FAQ)

1. How many active wallets does Smartcash PSB have?

The specific number of active wallets has not been disclosed in the article. However, Smartcash PSB recently announced that it has reached 20 million accounts in Nigeria, establishing itself as a major player in the digital banking landscape.

2. How can customers activate the Smartcash Remittance Service?

Customers can activate the Smartcash Remittance Serviceopening an account with an existing mobile number eitherdialing *939# ordownloading the app.

3. What is Airtel Africa’s investment in 5G?

Airtel Africa is investing significantly in 5G network services. By 2023, the company plans to have over 250 5G sites, expanding coverage beyond Lagos and Abuja.

4. Will the deployment of 5G affect Airtel’s 4G services?

No, the deployment of 5G will not affect Airtel’s 4G services. Every Airtel site will continue to operate as a 2G, 3G, and 4G site, ensuring uninterrupted connectivity for customers.

5. What solutions does Airtel Africa offer for SMEs and government agencies?

Airtel Africa provides data and cloud management solutions tailored to the needs of both SMEs and government agencies. The company aims to empower these sectors in their digital transformation journeys.

New Article: Airtel Africa’s Smartcash PSB: Empowering Financial Inclusion and Digital Transformation in Nigeria .

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