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🇳🇬 Nigeria /Economy & Trade

FairMoney Surpasses 30 Million Registered Users in Nigeria

From ThisDay · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

Press release Official statement Outcome reported
  • FairMoney Microfinance Bank says it has surpassed 30 million registered users in Nigeria.
  • The CBN-licensed digital institution said users rely on its platform for borrowing, saving, transfers, bill payments, cards and asset financing.
  • Managing Director Henry Obiekea said the milestone increased the bank’s responsibility to provide accessible and reliable services.

FairMoney Microfinance Bank says it has surpassed 30 million registered users in Nigeria, marking a major milestone for the CBN-licensed digital financial institution.

The company said the figure reflects the growing number of Nigerians using FairMoney for everyday financial needs. Its technology-enabled platform serves individuals and businesses, offering borrowing, savings, money transfers, bill payments, cards and asset financing.

FairMoney said its user base shows how technology can extend formal financial services to people and businesses that may face barriers such as extensive paperwork, limited access to physical bank branches or little formal credit history.

“Surpassing 30 million registered users is an important milestone for FairMoney, but its greatest significance is the trust millions of Nigerians have placed in us to support their everyday financial lives,” Managing Director Henry Obiekea said. “We are grateful for that trust, and we do not take it for granted.”

Surpassing 30 million registered users is an important milestone for FairMoney, but its greatest significance is the trust millions of Nigerians have placed in us to support their everyday financial lives. We are grateful for that trust, and we do not take it for granted.

· Henry ObiekeaFairMoney’s managing director discussed the significance of the company’s user milestone.
About this summary

Originally published by ThisDay. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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