Polaris Bank’s Agency Banking initiative, SurePadi, has processed N10 billion transactions within the first 100 days inauguration.
In a statement, the bank said the scheme has serviced over 500,000 customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.
Its Chief Digital Officer (CDO), Dele Adeyinka, explained that, in the first 100 days of introducing SurePadi, it had carried out over 500,000 services, and transaction volume above N10billion directly servicing over two million households, giving them easy access to cash for businesses and family needs.
Beyond the direct impact on customers and households in Nigeria, the sheer volume and value in financial numbers on the gross earnings of the Bank has been significant as the Agency recorded giant strides in the number of services and transaction volumes it processed which was valued N10 billion.
According to Adeyinka: “As a result of this milestone, SurePadi was ranked 5th in Q1, 2020 by the Shared Agent Network Expansion Facility (SANEF) report—an indication that it is bridging the gap and helping people to meet their needs of accessing funds; as well as sending money to their loved ones.”
The CDO further stated that: “This is also part of Polaris Bank’s ongoing effort to drive financial inclusion among the underbanked and unbanked in line with the Central Bank of Nigeria’s (CBN) regulatory mandate; intimating that ‘from what we have seen so far, we are already making significant progress in this regard.”
