National Personal Asset Acquisition Scheme (NAPAAS) has concluded the automation of its asset acquisition scheme specifically designed for the Nigerian Legion, an association of all ex-servicemen and women in Nigeria.
Among the provisions made to ensure smooth operation and management of the scheme for all stakeholders was NAPAAS’ partnership with Chams Plc as its technology solution provider
Resulting from this partnership, NAPAAS has been able to deploy a robust, integrated, secure and multi-channeled asset acquisition platform available online and via mobile app, to automate and manage key processes and transactions end-to-end, with minimal human intervention.
The platform, has, therefore, simplified and automated the registration, asset discovery, application, approval, collections, monitoring, and reporting of activities.
The Mobile App is a simple and flexible application imbued with artificial intelligence features including liveness detection and face matching.
Commenting on the new partnership initiative, Gavin Young, the Group Managing Director of Chams PLC said, “Military pensioners are the ultimate beneficiaries of the platform, ensuring they can acquire goods and services at affordable rates, linked to a structured and automated repayment plan. As the technology partner to NAPAAS and its esteemed members, our aim is to assist with fulfilling the vision of the scheme, which enables military service pensioners to acquire personal basic assets with ease through the NAPAAS customer technology platform, designed with NAPAAS and developed by Chams Plc.
“The platform is easy-to-use, ensuring a great user experience. Ex-servicemen and women can safely apply for goods and services directly from their mobile phones. Chams Plc is proud to be associated with an initiative that supports Nigeria’s veterans in a way that improves their lives through access to goods and services at discounted rates and facilitating easy repayment terms. Members could then use the various assets to generate business and related income.
“With technology playing an important role in the success of the initiative for NAPAAS and its customers, Chams Plc is privileged to have been selected as the technology solution provider. We expect to soon add additional services to the platform; such as micro-insurance and other beneficial solutions”
NAPAAS is an initiative of President Muhammadu Buhari, for Ex-Servicemen, enabling them to access economic empowerment through public-private partnership initiatives.
The NAPAAS’ plan is consistent with the Federal Government’s palliative action to alleviate poverty, create jobs and eliminate insecurity. The scheme is also designed to provide basic needs items at affordable discounted rates linked to a structured and flexible repayment plan for the benefit of interested veterans nationwide. It has the capacity to provide access to health and other insurance, mortgage plans, personal loans, and much more.
About Chams Plc ;
Chams PLC is a leading provider of Innovative and Intelligent Business Solutions in Nigeria with over 34 years’ experience in providing cutting-edge technology solutions. Chams have built robust, secure and adaptable customer-centric platforms that drive identity management, payment and verification for both public and private sector initiatives and businesses.