The Minister of communications, Innovation and Digital Economy, Dr. Bosun Tijani has commended Kayi bank for venturing into Kayi App development for Africa’s financial inclusiveness.
The Minister noted that the App’s financial inclusion goal is in line with President Bola Ahmed Tinubu-led government mandate.
Tijani said this on Thursday during the unveiling of the online payment platform, Kayi App, as part of efforts to drive financial inclusion and access to funds by individuals and businesses in the country.
He said, “President Bola Tinubu is interested in growth and development of the country in ways that no one is left behind and for you to achieve inclusive growth in any nation, there must be financial inclusion.
“So what you are launching today is a strong contribution to that mandate of an inclusive growth.
“There will be no inclusive growth without financial inclusion because financial inclusion contributes significantly to economic growth by increasing the number of individuals and also businesses that can participate in the formal economy.
Through financial inclusion more people will be brought into the formal economy and by the time we bring more people into the economy, we stand the chance to reduce poverty because financial inclusion help with alleviating poverty by giving people access to financial tools in savings and credits. Financial inclusion also guarantees financial stability,” the Minister added.
Kayi Bank and App is an innovative fintech payment platform founded by a Kano based businessman, Alhaji Saadina Dantata with investors from across Nigeria, United Arab Emirates (UAE), Saudi Arabia and Turkey among others.
The product unveiling held at Transcorp Hotel, Abuja, had in attendance, Chairman, Azman Group, Alhaji Abdulmunat Sarina, Otunba Toye Ariyo and Alhaji Mohammed Sani Abacha and Director General, National Information Technology Development Agency, NITDA, Kashifu Abdullahi.
Dantata said Kayi App is a pioneering fintech solution committed to security, speed, and customer satisfaction.
“We empower individuals and businesses across Africa, offering seamless transactions in traditional and cryptocurrency. Our mission includes serving the unbanked, the diaspora community, and urban professionals.
“It is powered by Web3 technology, and we ensure stability and speed, targeted at changing the narratives of technology driven payments platforms in Africa and across the world.
“We are excited to introduce our innovative fintech product, Kayi App, to the Nigerian market. With our dedicated and young team of innovative and creative Nigerians drawn from across the world, we have worked tirelessly to develop a suite of fintech solutions that will make financial transactions simpler, faster, secure and more convenient for everyone,” Dantata said.
In his keynote address, the Managing Director, KMC Microfinance Bank
Alhaji Yunusa Muhammad said, “Today marks a significant and a momentous occasion as we gather here to make a significant announcement that promises to transform the financial services landscape.
“It’s indeed and honour to extend a warm welcome to all of you to the grand unveiling of this product, the Kayi App powered by the KNC and FP, the Kayi App represents a major stride in realising our mission of financial inclusion by offering enhanced accessibility, security and user friendliness.
“I want to express my profound appreciation for your presence here today. As key influencers in the sparehead of the economic and information dissemination, your role is pivotal in ensuring the the world recognises the tremendous potentials that the Kayi App brings to individuals, businesses and the financial industry at large.
“In the moment ahead we will explore the core features and the capabilities of the Kayi App illuminating how this mobile application would reshape financial transactions, improving accessibility and empowers users to take charge of their financial destinies”.
Speaking on market opportunity that informed Kayi Apps introduction, its Product lead, Abdulganiyu Rufa’i said the African fintech market is brimming with opportunities and that Kayi App is poised to make a significant impact.
“With vast majority of Africans unbanked and underbanked, we arec onfident in our ability to meet the growing demand for digital financials ervices across Africa. Having recognised unmet needs in the country’s payment digital industry, therefore, Kayi App is poised to showcase strength in delivering core services and solutions such as instant digital payments for individuals and businesses; financial inclusion and social banking for people in rural and semi-urban areas; blockchain-backed crossborder trade for exporters and importers across Africa; and remittances and investments for Nigerians and Africans in Diaspora,” says Rufa’i.
Speaking on the key factors that makes Kayi App stand out in the mobile payments sector, the technology team of the Kayi App headed by Chukwunonimem Ike, said, “What truly distinguishes the Kayi App is our unwavering commitment to relentless innovation and a customer-centric approach that places YOU at the forefront.
“We recognize the distinctive challenges faced by individuals across Africa, and it’s precisely these challenges that have inspired us to craft solutions that confront them headon.
“Our user-friendly super app, cutting-edge security features, field support staff in every ward in Nigeria and 24/7 customer support are just a few examples of how we’re putting our customers first,” Ike said.
“Even when there is need for customers to communicate with Kayi team, all you need is dial our toll-free number 0800-000-KAYI, which is 0800-000-5294, and our customer satisfaction team will answer instantly, in your preferred language.”
