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Financial literacy crucial to closing financial exclusion gap –  9PSB

November 5, 2022

THE Chief Executive Officer and Managing Director of 9 Payment Service Bank (9PSB), Mrs. Branka Mracaja has affirmed that financial literacy is a crucial tool to closing Nigeria’s financial exclusion gap.

Mracaja disclosed this during a masterclass session titled: ‘’Environment, Social, Governance & Risk Management for the Fintech Ecosystem – A Focus on Fintech and Financial Inclusion’’ at the Nigeria Fintech Week 2022 conference.

She said:” We take pride in educating the financially excluded and the unbanked, letting them know why they should be part of the formal financial ecosystem.

“Financial inclusion is not just about opening a bank account, but it is about individuals and businesses having access to useful, affordable financial services.”

 In addition, she said, “at 9PSB, we are building the bridge between those who are financially excluded and financial institutions, including the deposit money banks, by providing access, collecting data and educating the financially excluded.

“Our bank is eager for all Nigerians to access financial solutions. We are open to partnerships with financial service providers and banks and deliberately seeking out and providing opportunities for students and youths to learn.”

Other Speakers at the masterclass session include Partner, Banwo & Ighodalo, Ayodele Adeyemi-Faboya; CEO, Branch International, Dayo Ademola; Partner, Udo Udoma & Belo-Osagie, Joseph Eimunjeze; and Financial Sector Lead, Foreign, Commonwealth and Development Office (FCDO), Bola Karimu who made various submissions with regards to the Fintech Ecosystem.

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