9PSB Offers Scalable API Solutions to Fintechs

Emma Okonji

9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, participated in the recently held second

Nigeria Fintech Forum alongside other industry experts and stakeholders in Nigerian financial ecosystem, where it offered Fintechs with scalable Application Programming Interface (API) solutions.  

The forum, which is at its second edition, had as its theme: “Reimagining the Future of Financial Inclusion in Nigeria: Examining the Roles of Banks, Telcos and Fintech.”

The Ag Head of Business Development and Strategy, 9PSB, Mr. Akeem Salam, while delivering the keynote address on behalf of the Managing Director/CEO of 9PSB, Branka Mracajac, noted that as an enabler, 9PSB would continue to provide products and services via robust and scalable APIs for Fintechs to innovate and scale up in a cost-effective manner.

Highlighting the fintech payment solutions offerings of the bank, Salam said: “9PSB is a fully digital bank and as such, we leverage digital platforms to provide payment solutions like the Wallet-as-a-Service (WaaS) and Virtual Account which allows for payments with bank transfer for merchant collections, as well as our Payout with 9PSB service, to mention a few.”

Speaking on the bank’s contribution to the Nigerian fintech ecosystem, Salam said: “At 9PSB, we co-create new products and services with Fintechs to close product/feature gaps. Apart from driving financial literacy amongst the unbanked and the underbanked, we share ideas and compare notes to remain up-to-date with the payment and regulatory trends. We also collaborate with other Fintechs to open new markets and further deepen financial inclusion, which is our primary mandate.”