Category: Money

The World Bank, central banks and governments across the world have acknowledged the dwindling opportunity in the formal economy in meeting the employment needs of the youth. In Nigeria, the creation of N-Knowledge, backed by the National Social Investment Programme (NSIP), was to equip youths with skills and certifications for entrepreneurship, innovation and creativity in driving business and economic growth. COLLINS NWEZE writes that the N-Knowledge initiative is turning the unemployed youth into entrepreneurs and technicians crucial in reviving grassroots economy for sustainable growth.

The global economy is at the feet of those who dare in the entrepreneurship space. That space has become  virtual, giving birth to a new model known as a digital economy, which experts say, holds the key to solving youth unemployment.

The World Bank had, at the start of the decade, estimated that less than 50 per cent of one billion young people expected to join the labour market up till 2030, would find formal jobs, leaving the rest either under- or unemployed. That projection was, of course, made without the foresight of the knock-on effects of the COVID-19 pandemic, which, in 2020, pushed the unemployment rate to the worst level in over seven decades.

If unemployment is a social challenge, the youth variant is a crisis of debilitating consequences. Indeed, it is what it is across the globe – fuelling social upheavals, challenging efforts to achieve sustainable growth, eroding positive values while breeding unhealthy culture, including gangsterism and drug addiction.

To arrest this development, the Federal Government, a few years ago, started N-Power, a programme that seeks to create and expand a pool of employable youths through skills acquisition and community service, in addition to a guarantee of monthly stipends.

A sub-category of N-Power is the N-Knowledge. The N-Knowledge, which has the support of the National Social Investment Programme (NSIP), was designed to equip  youths who have not received tertiary education with skills and certifications that will turn them into catalysts of innovation, entrepreneurship and job creation.

Various governments have realised that youth idleness could only be ignored at the peril of the society. A few countries have also admitted that the brick-and-mortar economy could only engage a limited number of the exploding young population. The World Bank, United Nations, International Labour Organisations (ILO) and other global institutions have acknowledged the dwindling opportunity in the conventional economy to rein in the troubles.

This has informed the emerging switch to the  ‘Knowledge’ economy. In Nigeria, there had been talks on how the energy of the youth could be positively explored to drive the migration. A few years ago, the process started in the form of N-Power, a programme that seeks to create and expand a pool of employable youths through skills acquisition and community service, in addition to a guarantee of monthly stipends.

The N-Knowledge resonates with the aspiration and energy that drive technology and innovation hubs at Computer Village, Yaba, Lagos and Wuse, Abuja as well as various parts of the country.

Speaking on the N-Knowledge initiative, Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, said it would focus on making the youth globally competitive as innovators and entrepreneurs.

According to her, the initiative was designed for non-graduates, to give them the opportunity to acquire skills to enhance their lives and turn them into entrepreneurs, and not just an add-on to safety nets.

“The N-Knowledge programme will up-skill 20,000 young Nigerians on the global radar as exporters of world-class services and content in the creative and information technology sectors. It will develop the skills and capacities along the skills set in the value chain of mobile apps and website development while boosting the talent development effort for the growth of the information technology industry in Nigeria. The programme consists of centralised in-camp training for three months with a six-month apprenticeship across the six geo-political zones,” she said.

N-Knowledge was designed for non-graduates, to give them the opportunity to acquire skills to enhance their lives and turn them into entrepreneurs and job-creators.

Beneficiaries from the Northcentral Zone: Benue, Niger, Plateau, Nasarawa, Kwara, Kogi and the Federal Capital Territory (FCT) underwent a three-month training (October to November 2021) in the four thematic areas of N-Knowledge: animation, scriptwriting, software, and hardware.

No fewer than 20,000 young Nigerians benefited from the first phase of the training.

The World Bank led by its Group Managing Director, David Malpass, has made case for empowering the youth at the grassroots with right skills and funding for entrepreneurship development.

The multilateral institution believes that with the rise in global youth population in several regions of the world,  the Fourth Industrial Revolution (4IR) and the rise of the digital economy, offer development opportunities that did not exist.

However, though these figures may seem promising, they can trigger significant challenges, if the governments do not accelerate their support to the youth population through enhanced opportunities for education, training and jobs.

The  Development Finance Department of the Central Bank of Nigeria (CBN) with Godwin Emefiele as Governor is also working with the private sector to support your entrepreneurs through funding and capacity building.

 

Paystack’s entrepreneurship prowess 

Interestingly, youths have demonstrated that they can share the global stage. Amid declining apathy for overseas investments in October 2020, a Silicon Valley-fintech, Stripe, took a bet on Nigeria’s Paystack for head-scratching $200 million (N83 billion using today’s exchange rate) – an amount almost twice the monthly internally generated revenue (IGR) of Lagos, the most economically-viable state in the country.

When Paystack was acquired, it was  servicing 60,000 customers, including multinational companies. But the most intriguing aspect is the credentials of the founders.

The combined age of Shola Akinlade and Ezra Olubi, the founders, was about 60 when the deal was sealed. They were also not particularly in the league of Harvard business managers.But they had what the contemporary world needs – energy, digital talents and the courage to dare.

With more attention, individuals have suggested that the country can produce many more Paystacks that businesses and individuals from all over the world would want to partner or acquire.

When that happens, millions of innocent young Nigerians would have a rare opportunity to earn a decent living and be pulled away from the company of criminals. And one is right to expect that N-Knowledge will feature in those emerging new narratives.

 How N-Knowledge programme works

She explained that as part of the training module for N-Knowledge programme, beneficiaries are introduced to soft skills, attitude re-orientation and work ethics to enhance their interpersonal skills, which are useful for career development and entrepreneurship.

“In the first three months of the maiden edition, which was a boarding programme, trainees had a three-month training in the four thematic areas – animation, scriptwriting, software and hardware,” the minister said.

Beneficiaries, who shared their testimonials, were excited that the life-changing skills imparted on them during the intensive training. They were full of gratitude to the minister and her Ministry for implementing the vision and directive of President Muhammadu Buhari, on youth empowerment and development.

On arrival at training camps, each participant received N42, 000 to cover his fare and a monthly stipend of N10, 000 for nine months. The programme also comes with starter packs, which include a laptop to help the  youths set up.

Perhaps, the approach suggests that N-Knowledge, if sustained, will not only democratise the Yaba, Lagos potential but will also create an incentive to make the rewarding engagement more appealing to a large number of young people who would otherwise have been sold out to drugs, cultism and other social vices, thus becoming burdens to their families and the entire society.

Analysts said the culture of apprenticeship was being elevated to the national level, as a prioritised policy of the Federal Government. Also, this is a remarkable departure from a culture of handout giving. Of course, 20,000 youths pale into significance when weighed against the millions of peers currently wallowing in joblessness or working poverty. But it is, certainly, significant for troubleshooting the joblessness challenge across national, state and local government levels.

That number, replicated across space and time, could make a remarkable change in the Federal Government’s ambition to lift 100 million Nigerians out of poverty in the next decade.

Regulation of digital economy services is tricky, making the market somewhat borderless. That makes it a burden for countries that are deficient in modern technology capacity, as it worsens capital flight.

For instance, reports say that Nigeria’s software market is 77 per cent dominated by foreigners while hardware used by local companies is 86 per cent imported, with only 14 per cent sourced locally.

Meanwhile, in terms of human capital, a professor of entrepreneurship and e-Business and the Head of Entrepreneurship and Business Studies, Federal University of Technology, Minna, Niger State, Olalekan Busra Sakariyau, noted that the ratio of Nigerians to foreigners in the industry is as high as 98 per cent to two per cent.

He said the imbalance has triggered a search for workable solutions to bridging the obvious capacity gap, no doubt. There are a many federal schemes and initiatives designed to benefit creative individuals, including IT workers, and domiciled in different ministries, departments and agencies (MDAs).

He said what might be lacking, however, is a centrally-coordinated and realistic national policy thrust for harnessing the potential of youths and developing them into an army of talents for local need and exports. The N-Knowledge, perhaps, will provide that missing link.

 Why empowering youths is crucial

Every region – Asia, Eastern Europe, South America, Middle East, sub-Saharan Africa (SSA) and others – is grappling with its fair share of the social ills triggered by a growing army of  idle youths.

Violent crimes are an increasing function of youth unemployment. South Africa’s situation has confirmed this over time. With 34.9 per cent unemployment rate and about 60 per cent of jobless youths, the former apartheid country has the worst labour market statistics in Africa. Violent attacks, especially against foreigners, who are often blamed for joblessness, seem to mirror the growth of unemployment, which President Cyril Ramaphosa once described as “deep and serious”.

In Nigeria, also, a pet-up frustration of several decades over poor attention to youths was unleashed during the #EndSARS protests, which were hijacked and turned against the state and private businesses in self-destruct. To date, many businesses and public entities are struggling with the ruins of the unfortunate incident. As it is during similar attacks in other parts, unengaged youths became tools for the destruction that followed the protests.

Volunteers Hub Africa, one of Nigeria’s largest volunteer organisations, has announced its fourth anniversary,  reiterating its support for growth and nation building.

The event will be marked with series of activities on nation-building and youth development during the celebration already revealed.

Executive Director, Volunteers Hub Africa, Chinenye Nzom-Adeleye, urged African youths to embrace a culture of selflessness in order to reshape the world, even as she reaffirmed the institution’s aim of supporting enthusiastic youths through entrepreneurial and skills development.

“Volunteering is a selfless act, and it is a lifestyle that should be pursued by all,” she said.

“It has opened millions of young Africans, even those with different backgrounds, to multiple skill-sets of experience and exposure. It has immense benefits for people’s personal development. Many VHA members have been retained and achieved leadership positions through internships and our volunteer placement. But it is also about service to one another, ourselves and to the nation as a whole,” he added.

She further urged members to continue to consistently contribute their vast experience and expertise to the betterment of their communities and society, saying “like we decided from the start, we are building a different set of young Africans who are nation builders and selfless professionals. With the wealth of experiences garnered by our volunteers, we believe we can churn out employable youths that are intelligent and have soft skills to be qualified for job positions”.

Since its inception in February 2018, the organisation has grown with over five hundred young and award-winning professionals as members.

 

Volunteer Hub Africa has influenced over 5,000 people through its development programmes and managed over 150 initiatives and events.

After experiencing exponential development and expansion, the organisation changed its name from Ibadan Volunteers Hub in December 2018 and has quickly spread across major Nigerian states including Lagos, Oyo, Ogun, and the Federal Capital Territory, to name a few.

Highlights of the four-year anniversary celebration of Volunteers Hub Africa includes a 14-day social media campaign tagged “#14thingsaboutVHAyoushouldknow”, VHA’s 14k celebration video challenge for members while the grand finale to wrap up this celebration of impact concludes on Tuesday, 14 February, 2022 with Raquel Daniel of Beyond The Classroom Foundation and Winny Uwagbale of Volunteers.ng as guest speakers.

 

Access Bank has partnered  the Africa-America Women’s Economic Forum (AAWEF) to empower and promote women interest.

Access Bank’s commitment to advancing women’s empowerment is evident through the W Initiative meant to ensure that women get the best from banking.

The bank has long recognised the economic power of encouraging and supporting women as well as female entrepreneurs and in the year, they became the lead collaborator with AAWEF to ensure a full representation of African culture at the 33rd ZORA! Festival of Arts and Humanities.

AAWEF is positioned to boost the participation of women as key contributors to Africa’s growth and development in science, technology and innovation, with an objective to build sustainable relationships between Africa and America through networking, education, trade and commerce for women entrepreneurs. This they have done for three years during the ZORA! Festival of Arts with a conference tagged the “AAWEF trade expo”.

Speaking at the third AAWEF trade expo themed “Nurturing international commerce through education and culture”,  Group Managing Director, Access Bank Plc, Herbert Wigwe said: “We reckon that this would foster trade relations between Africa and America leading to access to global markets by women entrepreneurs with an emphasis in STEM, manufacturing and agriculture. It would also provide a space for African and African-American women to collaborate and innovate for advancement of entrepreneurial initiatives that positively impact their communities and nations.”

Chairman, Access Bank Plc, Ajoritsedere Awosika, added: “As  our women brace to the challenges of expanding their competencies, I am positive that as a Bank, we will continue to make our own contributions to ensure that our focus on women which aligns with the UN objectives are achieved in record time. We will continue to say No to all forms of gender discrimination, ‘No to violence against women’, ‘No to harmful practices against women and children’ and ‘Yes to all forms of women empowerment programmes.’’

Being the only African financial institution to partner with AAWEF, Access Bank’s W Initiative was given the opportunity to select vendors from Africa who would display their Afrocentric products to an international audience at the outdoor festival of the Arts. This opportunity was presented at no cost to the vendors.

Chizoma Okoli while addressing the issues around accessing finance and resources for women in Africa at the conference said “Access to finance for women in Africa is very critical for us at Access Bank. Women are generally relegated to being home makers in the society and require a higher level of assistance given the challenges that they face. Women believe they can’t do as much as a man can, however with the right support system which the bank provides, there is no limit to what they can do.”

This partnership will further reiterate Access Bank’s commitment to empowering female entrepreneurs across Africa by opening opportunities for international trade and commerce between Africa and

Stanbic IBTC Bank Plc has opened a new branch in the Lekki Free Trade Zone (LFTZ),   Ibeju-Lekki axis of Lagos State.

Chief Executive Stanbic IBTC Holdings Plc, Demola Sogunle  said: “As a forward-thinking financial institution, we have opened a branch to make our services available to individuals in the Ibeju-Lekki axis because we expect economic activities to increase within the area. We are fully committed and determined to continue providing world-class banking products and facilities in all the markets we operate in, and to ensure that our customers’ unique business needs are met.”

Chief Executive, Stanbic IBTC Bank, Wole Adeniyi said: “We are delighted to open this branch in the Lekki Free Trade Zone area. This expansion epitomises our growth strategy of spreading our footprint to various regions in the country, and enhancing accessibility of our quality products and services to numerous industries and clients.”

Adeniyi highlighted the need for more services targeted at current and prospective customers in the area, and the cognisance of convenience, alternative banking channels, and accessibility to financial services as key factors in achieving service excellence.

He further described the branch opening as a strategic move that would catalyse vast investment opportunities  in the region.

Head, Corporate and Investment Banking, Stanbic IBTC, Eric Fajemisin described the LFTZ as one of the commercial centres in Africa’s largest economy. He added that one strategy of Stanbic IBTC remained to build sustainable businesses in the regions and create long-term value and wealth for shareholders and customers.

Head, Client Coverage (Consumer clients), Eronmonsele Omiyi,  noted: “Stanbic IBTC takes pride in the recognition and award for being at the forefront of providing exceptional customer service, and all customers can be assured of the same experience across all its branches, including this branch at the LFTZ.

“Excellent customer experience is complemented by the state-of-the-art digital channels that the bank provides, and our staff will be available to answer any enquiries from clients.”

 

CRC Credit Bureau Limited has started its conversion to a group of companies to lead its growth journey with effect January 1, 2022.

In line with this new group structure, the organisation intends to lead the evolution of enhancing decision making using data analytics and artificial intelligence-driven products and services for businesses operating in Africa.

In a statement, CRC Credit Bureau Limited said it will retain its name as the Holding Company, and will continue to diversify its scope of business operations by assisting financial and non-financial institutions from all economies in Africa, in making critical decisions on customers and businesses.

The introduction of a new subsidiary, CRC Data and Analytics Limited, will accelerate data-driven outcomes across lines of businesses, developing faster results, deeper insights, better decisions, and ultimately, business development through self-service analytics and data science.

‘Tunde Popoola, who has been the Managing Director/CEO of CRC Credit Bureau Limited since its establishment in 2008, said: “As a Group of Companies, CRC Credit Bureau Limited will offer its customers more value beyond credit reporting.’’

Mrs. Jelilat Kareem has been named as the Group Chief Operating Officer to oversee the Finance, Enterprise Wide Services, Operations, and Technology of the Group.

CRC Data Analytics Limited will be led by Mr. Ademola Adesalu as the Managing Director to provide institutions the means of using data analytics and artificial intelligence to make informed decisions.

Ezekiel Agbonifo heads the new Audit, Control and Risk Management Group. He has  over 25 years of experience in  audit and control, including fraud and management performance assessment, conduct of due diligence work for merger and acquisition), and advisory services.

 

Financial Institutions Training Centre (FITC) has held its maiden National Economic Development Outlook Series (NEDS) 2022, to support economic development and enable companies to grow and thrive this year and beyond.

The virtual event had as its theme, “‘Rebooting the economy: The path to sustained growth”.

The A-list speakers include Managing Director/Chief Executive Officer, B. Adedipe Associates Limited, Dr. Abiodun Adedipe; Director-General, Budget Office of the Federation, Ben Akabueze; Partner, Tax Reporting and Strategy, PwC, Mr. Kenneth Erikume; Chief Economist, Coronation Merchant Bank, Ms. Chinwe Egwim and Economist, United Nations, Dr. Nonso Obikili.

The hostess, Chizor Malize, said  the event  was part of the institute’s mandate and commitment to creating platforms for learning, keeping participants updated on key issues that will determine fate of organisations, businesses, and the economy.

She noted that the budget is the key instrument for the execution of economic policies with the power to either promote or stunt growth in certain areas of the economy, a reason it is very important for individuals, organisations, and businesses to track and understand its implications for their operations.

Malize, who is the Managing Director/CEO FITC,  noted: “The oil sector will see higher prices creating opportunities for growth and domestic regulatory reforms. The FITC National Economic Development Outlook Series presents the opportunity to discuss the budget and economic direction for businesses, SMEs and government as well as all the opportunities they present.’’

Adedipe noted that Nigeria’s monthly import bill had risen to N3.66 trillion, adding that continuing pressure from relentless imports and shrinking capability to pay foreign bills might force the Central Bank of Nigeria (CBN) to further devalue the naira.

He said the monthly import bill of N3.66 trillion or $8.9 billion in first to third quarters of 2021, more than doubled to $4.29 billion total import bill in 2020.

“Foreign trade data suggests imports have expanded strongly to exceed exports during second quarter of 2020 to third quarter of 2021. Imports did not relent even during recession, expanding steadily since second quarter of 2018. In the same vein, foreign trade data suggests imports have expanded strongly to exceed exports between the second quarter of 2020 and third quarter of 2021 “ he said.

He said a lot of people were  mopping up dollars as the expected devaluation of naira persists, worsening naira exchange rates against other currencies.

“Five years ago, the economy was x-rayed on five accounts of oil dependency, policy inconsistency, leakages, over-dependence on imports and low national productivity. These vulnerabilities have remained unchanged, five years after. Other economies are centred around export, but Nigeria seems geared towards imports. We need to explore the African Continental Free Trade Agreement (AfCTA), by looking at Africa within the content and ask, what do Africans import? where do they import from? This will then become our own focus for export,” he stated.

Akabueze highlighted the need to diversify the tax net and increase revenue stream for the economy. He said narrowing the budget deficit would require expanding Nigeria’s revenue base and fiscal prudence.

”Over a price of $63 per barrel, the impact on the fiscal should be negative. It means higher dollar revenue, but impact on government revenue will be lower. Today, debt service to revenue is high not because we are borrowing or paying too much for our debt, but because we are generating less revenue,” he said.

He also blamed the structural imbalance in the country’s economy as one of the reasons why federal revenue ratio to the GDP has always remained very low.

“For instance, agriculture contributes close to a quarter of our GDP but yields less than one per cent to government revenue because of the structure of that sector that is largely informal and not taxable. These are the things we need to examine. Nigeria’s economic problem is largely structural. Even our high inflation is driven largely by structural factors’’.

“That is why reform is so critical. We need to reform this system. We need strong voices supporting agents of reforms in the government,” Akabueze said.

Partner, PwC, Kenneth Erikume on his part noted the need for effective taxes that took into consideration, the economic impact of taxes on people’s businesses.

“The ideal scenario is to have minimum taxes for different sectors in the short term, but on the long term, companies should be taxed based on the economic outcomes of the businesses they have done,” he said.

Overall, Erikume noted that there is need to take utmost care in taxing businesses to ensure their operations are not threatened by tax burden as government strives to increase its revenue.

The event which was free to attend was rated as very insightful, engaging, and impactful by participants who attended from around the world.

FITC is a world-class innovation-led knowledge and professional services firm providing cutting edge Learning, Advisory and Research Services to clients in the Financial Services and other sectors, within and outside Nigeria.

Established in 1981 as a non-profit organisation limited by guarantee to provide capacity building and serve as a knowledge hub for the Nigerian Financial Services Sector. FITC is owned by the Bankers Committee, i.e., CBN, NDIC, and all deposit money banks in Nigeria.

For four decades, FITC has been at the forefront of innovative knowledge offerings designed for an array of C-suite executives, directors of banks and other financial institutions. Leveraging on international Faculty and partnership, FITC has led the knowledge space in delivering high valued capacity building solutions for Board Directors and C-suites.

FITC is a recipient of the International Federation of Training & Development Organisations (IFTDO) ‘Change Agent in Learning and Development in Africa’ Award, 2020 Business Excellence Award (The BIZZ Award), 2020 Strategy Innovation & Change Award, The International Business Excellence (IBX) Award, 2021 Winner, Global Business Excellence Award, among others.

Global peer-to-peer platform, Paxful, has said financial education remained at the forefront of its mission to bring financial services closer to Nigerians where a large part of the adult population lack financial services knowledge.

According to S&P’s Global Financial Literacy Survey, African countries score low in terms of financial literacy compared to the rest of the world.

Narrowing it on Nigeria, the survey shows that only 26 per cent of adults are financially literate, while 74 per cent lack the understanding of basic financial concepts.

To address the knowledge gap and strengthen the drive for financial inclusion, Paxful reiterated its commitment in setting up Bitcoin Educational Centres in key markets where it operates to promote financial inclusion.

Last year, the company launched the PaxNaija Educational Centre  in Abuja to educate, train and inform Nigerians on the adoption of Bitcoin and digital currencies.

Four months later, the P2P platform launched another educational centre, “La Casa Del Bitcoin” – in the heart of El Salvador.

The centre is expected to provide free educational training and events to grow awareness around the benefits of buying and selling Bitcoin as a means of exchange, while contributing to efforts to boost financial inclusion in the region.

La Casa Del Bitcoin will also be home to the Built With Bitcoin Foundation  offices, a not-for-profit organisation dedicated to creating equitable opportunity by providing clean water, access to quality education, sustainable farming, and humanitarian support – all powered by Bitcoin and cryptocurrencies.

According to Ray Youssef, CEO, and co-founder of Paxful, “Bitcoin is shaping the future of finance in El Salvador and beyond. Education continues to be a key driver of global Bitcoin adoption and this new center represents its importance to the creation of an inclusive financial system. We’re excited to learn from the people and share the power of Bitcoin for freedom and equal financial access.”

Financial literacy is a key component of growth and development. While emerging markets are leading in Bitcoin adoption, there is still a wide knowledge gap on the opportunities Bitcoin can offer for financial freedom.

At its core, financial inclusion begins and ends with education. Bitcoin can pave the way for a brighter financial future, but developing nations need greater access to resources that highlight its value.

To reward active agents, Quickteller Paypoint, the agency banking service of Interswitch Financial Inclusion Services (IFIS), has announced the Quickteller Paypoint Double Up promo that will run from February 1 to March 31, 2022.

All active agents, including those who perform a minimum of one transaction on a monthly basis, are eligible for the mouthwatering prizes that are up for grabs. Each agent whose transaction volume meets the benchmark will receive N1,000 airtime and also stand a chance to win other prizes through a raffle draw.

Active agents stand a chance to win prizes such as LED TVs/ generator sets, standing fans, smartphones, and other cash prizes. To emerge as one of the winners in the raffle draw, agents are advised to carry out more transactions.

The promo serves as a recognition of the work carried out by these agents who support the goal of Quickteller Paypoint to drive financial inclusion across Nigeria.

This promo will be conducted nationwide, and all active agents are encouraged to boost their transaction limits to participate in the monthly raffle draw.

In line with regulatory standards and to ensure fairness and transparency in the selection of winners, the promo draws will be monitored and observed by the National Lottery Regulatory Commission (NLRC), Federal Competition and Consumer Protection Commission (FCCPC) and Lagos State Lottery Board (LSLB).

The Group Chief Marketing and Communications Officer, Interswitch Group, Cherry Eromosele, said the promo is an avenue to bring to light the work that Quickteller agents put in daily, rewarding them for their efforts.

“Data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) shows that mobile transactions and Point of Sales (POS) services have grown exponentially post-2019, meaning that more Nigerians are tapping into the value of agency banking.

These services are what Quickteller Paypoint, and its agents wish to bring to this segment of the population.

“The need to improve the level of financial inclusion in Nigeria remains at the core of the offerings provided by Quickteller Paypoint, and these agents represents touchpoints for the unbanked population across the country. For this reason, we want to say ‘thank you’ to them through the Quickteller Paypoint Double Up promo.”