Union Bank Partners Women’s World Banking, TGI Group To Implement ‘Digital Supplier Credit’ Solution

<h4>Union Bank Partners<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a> <&sol;strong>reports that in line with its commitment to enabling success for its customers&comma; Union Bank has partnered with its parent company&comma; TGI Group and Women&&num;8217&semi;s World Banking&comma; to introduce the &&num;8216&semi;Digital Supplier Credit&&num;8217&semi; solution under its women&&num;8217&semi;s banking proposition&comma; αlpher&period;<&sol;p>&NewLine;<p>The &&num;8216&semi;Digital Supplier Credit&&num;8217&semi; solution is designed to address the financial needs of women-led small businesses in urban centres in Nigeria centres and provide access to credit for stock sustenance&comma; replenishment&comma; and progressive growth&comma; along established supply lines from Fast-Moving Consumer Goods &lpar;FMCG&rpar; companies&period;<&sol;p>&NewLine;<p>Leveraging behavioural science and the Women&&num;8217&semi;s Centred Design methodology and backed by the London Stock Exchange Group &lpar;LSEG&rpar; Foundation&comma; this initiative aims to co-create a sustainable and scalable solution that will significantly enhance access to financial services for women entrepreneurs&period;<&sol;p>&NewLine;<p>Women&&num;8217&semi;s World Banking is a renowned global organisation specialising in designing and investing in financial solutions&comma; institutions&comma; and policy environments within emerging markets&period;<&sol;p>&NewLine;<p>Their focus on creating economic stability and prosperity for women&comma; their families&comma; and communities aligns perfectly with the objectives of the &&num;8216&semi;Digital Supplier Credit&&num;8217&semi; solution&period;<&sol;p>&NewLine;<p>With an extensive network spanning 34 countries&comma; serving more than 160 million women clients through 69 financial services providers&comma; Women&&num;8217&semi;s World Banking has consistently driven impact through scalable&comma; market-driven solutions&comma; gender lens private equity funds&comma; and leadership and diversity programs&period;<&sol;p>&NewLine;<p>Speaking about the partnership&comma; Vivian Imoh-Ita&comma; Head of Retail Banking and Digital at Union Bank&comma; said&colon;<&sol;p>&NewLine;<p>&&num;8220&semi;We are delighted to partner with Women&&num;8217&semi;s World Banking and our parent company TGI Group to launch the &&num;8216&semi;Digital Supplier Credit&&num;8217&semi; solution&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">Our commitment to empowering women-led businesses remains unwavering&comma; and we believe this initiative will have a transformative impact on the entrepreneurial landscape in urban centres&period; Through this collaboration&comma; we aim to foster financial inclusion and catalyse sustainable growth for women entrepreneurs&period;&&num;8221&semi;<&sol;a><&sol;p>&NewLine;<p>Also commenting on the partnership&comma; Ade Ashaye&comma; Regional Head of Africa&comma; Women&&num;8217&semi;s World Banking&comma; expressed&colon;<br &sol;>&NewLine;We are thrilled to partner with Union Bank and the TGI Group&period; Globally&comma; 38&percnt; of all MSMEs are women-owned yet&comma; according to the SME Finance Forum&comma; there remains a &dollar;1&period;7 trillion gender credit gap&period;<&sol;p>&NewLine;<p>Using our sophisticated market and consumer research we will develop a solution that will not only help tens of thousands of Nigeria’s women entrepreneurs overcome barriers to accessing the vital credit they need to sustain and grow their businesses&comma; but also stand as a model for Banks and FMCGs across Africa and the world&period; This is an exciting time in the development of effective&comma; women-centered&comma; digital financial solutions&period;<&sol;p>&NewLine;<p>The Digital Supplier Credit solution reflects Union Bank&&num;8217&semi;s dedication to supporting its customers and creating an inclusive business environment&period; With its focus set on the future&comma; Union Bank continues to lead the way in shaping a better&comma; more sustainable future for generations to come&period;<&sol;p>&NewLine;