MoneyMaster PSB Deepens Financial Inclusion With ‘G-Kala’

<h4>MoneyMaster PSB<&sol;h4>&NewLine;<p>OpenLife Nigeria reports that MoneyMaster PSB&comma; Nigeria&&num;8217&semi;s leading payment services bank on Wednesday&comma; February 8&comma; 2023&comma; officially introduced its market flagship offering&comma; G-Kala&comma; to deepen the financial services accessibility and inclusion in<&sol;p>&NewLine;<p>the country&period;<&sol;p>&NewLine;<p>At a colourful event held at the Lagos Travel Inn&comma; Ikeja&comma; MoneyMaster PSB Managing Director&comma; Demola Elutilo&comma; disclosed that ’G-kala’ was conceived to address the major problem of deepening financial inclusion<br &sol;>&NewLine;in the country and also create employment opportunities for Nigerians&period;<&sol;p>&NewLine;<p>The event&comma; which had in attendance industry stakeholders&comma; regulators&comma; market and trade associations&comma; student union representatives&comma; trade partners&comma; and members of the press among others&comma; also marked the formal<br &sol;>&NewLine;launch of the Payment Service Bank &lpar;PSB&rpar;&period;<&sol;p>&NewLine;<p>Elutilo assured that &OpenCurlyQuote;G-kala’ will &&num;8220&semi;bring a huge number of the unbanked populace into the financial system of the country&&num;8221&semi;&period;<&sol;p>&NewLine;<p>According to him&comma; the operations of MoneyMaster PSB would empower many Nigerians financially and bring&comma; most especially&comma; people in the rural areas into the banking system by taking banking to them&period;<&sol;p>&NewLine;<p>He revealed that the innovative features of G-kala&comma; are set to revolutionize the Nigerian payment system while adding that it would<br &sol;>&NewLine;promote the cashless initiative of the government&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;MoneyMaster PSB will bring convenience and inclusion across all our target segments of the population&period; With G-kala&comma; your phone is your bank&period;<br &sol;>&NewLine;Aside from the benefits to our customers&comma; we are onboarding a very large number of agents for cash in and cash out&comma; through which we are creating new jobs in our various communities&comma; which is also a boost to the nation’s economy&period; This is the beginning of our journey to revolutionize the financial services landscape in the country”&comma; he said&period;<&sol;p>&NewLine;<p>The Nigeria Interbank Settlement Scheme &lpar;NIBSS&rpar; lauded MoneyMaster PSB<br &sol;>&NewLine;for introducing G-kala into the Nigerian financial industry to serve the critical mass of people who have not been given the opportunity to enjoy banking services&period;<&sol;p>&NewLine;<p>Mr Samuel Oluyemi&comma; General Manager&comma; Business Development&comma; NIBSS&comma; disclosed that NIBSS had worked with MoneyMaster PSB from the beginning to ensure a seamless integration with the countrywide<br &sol;>&NewLine;banking system&period; He added that the payment service bank is a great plus to promoting financial inclusion and widening the scope of service providers across the country&comma;<&sol;p>&NewLine;<p>He revealed that the unbanked population has so much expectation for the payment service banks such as MoneyMaster&period; He called on MoneyMaster PSB to seize the initiative of fast deployment of services to address the needs of that critical segment of the population&period;<&sol;p>&NewLine;<p>MoneyMaster PSB’s &OpenCurlyQuote;G-kala’&comma; is designed to operate simpler&comma; convenient and more reliable channels for customers to conduct financial services&period;<br &sol;>&NewLine;It will provide an easy way for people to move and exchange money&comma; access financial information&comma; and make bill payments&period;<&sol;p>&NewLine;<p>Opening a G-kala account is very easy&period; All the customer needs to do is dial &ast;995&num; and then follow the prompts from a Glo line or from any other telecommunications network as MoneyMaster PSB works on any network in Nigeria&period;<&sol;p>&NewLine;<p>The launch event also had representatives of several markets and trading centers in Lagos including Ladipo&comma; Mile 12&comma; Computer Village main markets&comma; and student union representatives from the University of Lagos<br &sol;>&NewLine;&lpar;Unilag&rpar;&comma; Lagos State University &lpar;LASU&rpar;&comma; and Yaba College of Technology&period;<&sol;p>&NewLine;<p>One of the students who was present&comma; Doyin Fayemi&comma; reacted to the launch<br &sol;>&NewLine;saying&comma; &OpenCurlyDoubleQuote;I like convenience because for me&comma; it’s about doing something at my own pace and when it’s comfortable&period; No one wants to run around just because they want to do simple cash-in and cash-out transactions&comma;<br &sol;>&NewLine;and pay bills&period; With G-kala&comma; I can accomplish this right now on my phone&period;<br &sol;>&NewLine;G-kala clearly brings a lot of convenience&period;”<&sol;p>&NewLine;