Smartcash Payment Service Bank (PSB), the fintech unit of Airtel Africa in Nigeria, has achieved a significant milestonesurpassing 20 million accounts across the country. This achievement further solidifies Smartcash’s position as a major player in the digital banking landscape in Nigeria.

The announcement was made during a Media Roundtable hostedAirtel in Lagos. Judith Osiobe, the head of B2B Sales at Smartcash PSB, provided the data, although the number of active wallets was not disclosed.

In addition to its success in digital banking, Airtel Africa has also made substantial investments in its 5G network services. The company currently owns over 250 5G sites, and there are plans to expand the coverage to include cities outside of Lagos and Abuja.

Recently, Smartcash launched an international remittance service with the goal of promoting financial inclusion on a global scale. This service offers competitive tariffs and can be easily accessedopening an account through an existing mobile number ordownloading the Smartcash app.

“We are here to stay, and we are changing livesmaking financial services accessible to everyone,” Osiobe said. Smartcash also boasts the best and most affordable utility bill payment rates in the market through its payment service app.

Airtel Nigeria’s Director of Marketing, Ismail Adeshina, emphasized that the investment in 5G infrastructure would provide widespread coverage across Nigeria. The company is actively collaborating with technology partners, device manufacturers, and local businesses to explore innovative 5G use cases such as IoT applications and smart city solutions.

Furthermore, Airtel aims to provide data and cloud management solutions to both small and medium-sized enterprises (SMEs) and government agencies. Recently, the company organized a special public sector event to showcase how government agencies can enhance their reliability through upgraded digital solutions. This initiative aimed to address the specific needs of the government and promote the digitization agenda.

With its continued growth in digital banking and investments in advanced network technologies, Airtel Africa remains committed to transforming the financial and telecommunications landscape in Nigeria.

Frequently Asked Questions (FAQ)

1. How many accounts does Smartcash PSB have in Nigeria

Smartcash PSB now has over 20 million accounts across the country.

2. Are all the accounts active wallets?

The number of active wallets was not disclosed.

3. What is the coverage of Airtel Africa’s 5G network?

Airtel Africa currently owns over 250 5G sites, with plans to expand coverage to cities outside of Lagos and Abuja.

4. How can customers access Smartcash’s international remittance service?

Customers can activate the Smartcash Remittance Serviceopening an account through an existing mobile number ordownloading the Smartcash app.

5. What other services does Airtel Africa provide?

Airtel Africa aims to provide data and cloud management solutions to SMEs and government agencies, promoting digitalization and reliability.

Airtel Africa’s Smartcash Psb Surpasses 20 Million Accounts in Nigeria .

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