The Nigerian Postal Service (NIPOST) has launched its own e-debit card to be given free to every Nigerian at every NIPOST outlet.
The package comes with the unveiling of the new banking platform launched by NIPOST alongside 27 new logistics vehicles for courier services.
The development is part of its effort to improve financial literacy to every Nigerians and improving transparency in the digital space.
What you should know
- The card will function even without the internet.
- The banking agency will function similarly like the Point of Sales (POS).
- The platform has structures in all local governments in Nigeria to help residents of rural areas to improve their financial activities.
- It will not replace your other Debit card, but an alternative to your banking platform
NIPOST electronic debit card is the first of its kind in the country because it works online and offline, and it is the first time NIPOST comes with a solution like this because It is a multipurpose card for financial transaction, condition cash transfer, payment of bills and many more. Says Isa Pantami
Speaking during the unveiling of the products, Isa Pantami, the Minister of Communications and Digital Economy said the development is in line digital economy for achieving a digital Nigeria as government looks to attain full digitization by 2030.
The second product which is the NIPOST banking platform will allow the customers of NIPOST to conduct financial transactions. It is another innovative solution that will make our banking systems much easier and this is also in alignment with our proposal to come up with 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,” he said.