A digital bank, Hope PSBank, a Unified Payment Services Limited subsidiary, has commenced a community inclusion initiative to support the Central Bank of Nigeria’s naira redesign policy.
Speaking at a press conference to unveil the initiative on Friday, the Managing Director of the bank, Ogechi Altraide, explained that the initiative was targeted at promoting a cashless economy and ensuring that Nigerians, particularly the unbanked, performed transactions through electronic channels across the country.
She disclosed that the initiative would enable Nigerians to open Hope wallet from their phones by simply dialling its code.
“The wallet holders can deposit their cash into the wallet at any agency banking outlet in different communities across the country,” she added.
She said the bank had offered to give everyone N500 cash incentive for opening the wallet, and that all transactions could be performed using phone numbers.
According to her, “Hope PSBank is giving N500 to everyone that opens the Hope Wallet. The phone number is the wallet, account number, and ATM card. The phone number can be used to transfer money, make payments and withdrawals at PoS, ATM and Web.”