Routelink Group, a digital solution provider, has expanded its digital footprint in the financial services ecosystem with the launch of Routelink Microfinance Bank Limited, expected to support its digital payments platform, RoutePay.
Before entering the microfinance space, the group has spent several years developing technology infrastructure across payments, telecommunications and digital services. Over the years, the group leveraging RoutePay built payment capabilities designed to make it easier for businesses to collect and make payments through digital channels.
“Our vision is to create an ecosystem where technology makes financial services simpler, more accessible and more useful to everyday Nigerians and small businesses,” Femi Adeoti, group managing director, Routelink Group, said in a statement.
Adeoti said that the digital firm is leveraging technology, which is at the centre of its operations, with the microfinance bank adopting a digital-first operating model designed to reduce the complexity traditionally associated with accessing financial services.
According to him, the establishment of Routelink Microfinance Bank represents the next phase in the journey of providing broader services in Nigeria’s financial ecosystem. He added that RoutePay will continue to focus on payment technology, while Routelink Microfinance Bank will provide regulated banking services. Related News JEX market positions to fix Nigeria's gas market risk, pricing gap YouTube raises monetisation bar to 8000 watch hours ipNX, ATCON stakeholders seek stronger collaboration to improve fibre broadband in Nigeria
