In many emerging markets, access to financial services and resources can sometimes be limited by underdeveloped infrastructure and evolving regulatory frameworks. These challenges can make it difficult for individuals and businesses to fully leverage financial opportunities, slowing down growth and limiting financial inclusion.
In Nigeria, small business owners and entrepreneurs sometimes face the hurdle of registering their businesses, which can be complex and costly. Quickteller Paypoint has stepped in to simplify this journey by offering an opportunity that empowers businesses and individuals to access financial services with ease, helping them make better-informed decisions for growth.
Quickteller Paypoint, a subsidiary of Interswitch Group, is a versatile online payment platform that empowers individuals and businesses to offer various financial services to their communities. It acts as a digital intermediary between customers and financial institutions, enabling convenient and accessible transactions.
Quickteller Paypoint recently reinforced its commitment to supporting its POS agents by hosting Regional Engagement Forums across major Nigerian cities, including Lagos, Port Harcourt, Abuja, and Anambra. During these events, the company offered a 50 per cent discount on Corporate Affairs Commission (CAC) registration fees ahead of the mandatory September 5, 2024, deadline. This initiative aimed to ease the process of business registration for agents, helping them formalise their operations while alleviating financial strain.
Furthermore, the initiative provided POS agents with hands-on knowledge of the unique features of the Quickteller PayPoint platform. The event also facilitated direct engagement between the Quickteller Paypoint team and their agents.
The impact of Quickteller Paypoint’s efforts can be seen in the stories of its agents, who are now able to access financial services and grow their businesses. The platform has been a game-changer for many, providing them with opportunities they never thought possible.
Titilola Shogaolu, Managing Director, Interswitch Financial Inclusion Services (IFIS), stated during the event that by offering a 50 percent discount on CAC registration, Quickteller Paypoint is not only helping their agents to meet the regulatory requirements but also empowering them to expand their business opportunities and build customers’ trust.
She further opined, “We are mindful that meeting regulatory requirements can sometimes prove daunting for small business owners. This is why we’re taking proactive steps to support our agents. As a business which supports the development agenda of the government while also enabling the growth of the financial ecosystem, we understand the importance of regulatory compliance. It is on this premise that we are partnering the CAC and offering our agents 50 per cent discount on registration fees to ease the registration process and ensure the sustenance of their businesses.”
“We are committed to our role as an enabler in the financial inclusion sector, helping our agents unlock new opportunities, achieve their business goals and drive financial inclusion. We are excited about the turnout and engagement here today and we believe that by supporting our agents through initiatives like this, we are fostering a stronger and more resilient agent network,” Shogaolu remarked.
Rosemary Aimankhu, Group Head, Sales & Business Development at Interswitch, highlighted the platform’s long-term vision, stating, “At Quickteller Paypoint, our mission is to bridge the financial inclusion gap across Nigeria. We recognise that small businesses form the backbone of our economy, and through our agent network, we’re equipping them with the tools they need to succeed. Our goal is to create a lasting impact, one that shapes the future of financial services in Nigeria, not just for today, but for generations to come.”
As Nigeria continues to work towards achieving financial inclusion, Quickteller Paypoint is leading the charge. Through its innovative solutions and unwavering commitment to empowering its agents, Quickteller Paypoint is making a real difference in the lives of millions of people.
Quickteller Paypoint’s dedication to empowering its agents reflects its broader mission of promoting financial inclusion across the country. By equipping agents with the tools and resources they need to succeed, Quickteller Paypoint is creating a ripple effect, extending its impact far beyond individual businesses to benefit entire communities across Nigeria.
