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    NIPOST Launches Banking Platform, Promises Nigerians Free e-Debit Card

    The Nigerian Postal Service, NIPOST, has launched a banking platform to improve financial literacy to all Nigerians.

    It has also promised to give Nigerians free electronic debit cards.

    This will serve as a way to help Nigerians key into the initiative.

    According to NIPOST, Nigerians can get the free e-debit cards at every NIPOST outlet in the country.

    Also, the postal service equally unveiled 27 new logistics vehicles for its courier services.

    Ismail Adewusi is the Postmaster-General of the federation.

    According to service, the development is to improve transparency in the service’s dealings in the digital space.

    ALSO READ: CBN Reduces ATM Charges, Inter-bank Transfer Fees

    Unveiling the new technologies, Minister of Communications and Digital Economy, Isa Pantami, said the e-card works both online and offline.

    According to him, it is in line with Nigeria’s move towards digitizing her economy to achieve a digital Nigeria.

    He said Nigeria, hopefully, will attain full digitization by 2030.

    “It is the first of its kind in Nigeria because it works offline and online, and it is the first time that NIPOST has come up with a solution similar to this and it is indeed a multipurpose card for financial transaction, conditional cash transfer, payment of bills and many more,” he said.

    NIPOST Launches Banking Platform, Promises Nigerians Free e-Debit Card
    Nigerian Postal Service (NIPOST)

    Also, the minister said the new e-card and platform will allow the postal service to conduct financial transactions with Universal Postal Union (UPU) member countries.

    He also said that is the service is targeting to have a NIPOST Microfinance Bank.

    “This is just like a pilot programme of another subsidiary of NIPOST that will come up soon, that is the NIPOST Micro Finance Bank in which we are to leverage on the existing infrastructure of NIPOST and make sure that our citizens all over the country as long as they have access to the post office, they will be able to conduct their financial transactions.”

    Implications:

    One of the implications of this development is that Nigerian Postal service is going fully digital.

    Also, it is integrating tech and also providing seamless financial services to Nigerians.

    Similarly, the e-debit card which Nigerians will get for free will also aid in the integration and growth.

    Meanwhile, the NIPOST services will work like Point of Sale (POS) outlets, making it more acceptable to the people.

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