Netapps Technologies has introduced a range of payment solutions designed to enhance financial inclusion in Nigeria. These solutions aim to provide secure and seamless financial services to underserved populations, making banking and financial transactions more accessible.
This initiative is part of a broader effort to address the challenges of financial exclusion in Nigeria, where a significant portion of the population remains unbanked. The launch of these solutions aligns with the Nigerian government's financial inclusion strategy, which aims to reduce the percentage of financially excluded individuals.
The Central Bank of Nigeria (CBN) has also emphasized the importance of innovative approaches to achieving financial inclusion goals.
NetApps' efforts are expected to contribute significantly to the ongoing progress in financial inclusion, which has seen formal inclusion levels rise from 56% in 2020 to 64% in 2023.
However, challenges remain, particularly in rural areas and among specific demographics such as women and farmers. The company's solutions are poised to address these gaps and support Nigeria's journey towards a more inclusive financial ecosystem.
