RoutePay, a fintech firm, has announced the expansion of access to the formal banking system for under-banked individuals and Small and Medium Enterprises (SMEs) in Nigeria. The company’s digital platforms offer a range of products tailored to meet the diverse needs of different market segments, demography, and inclinations.
Femi Adeoti, Group Managing Director of Routelink, highlighted the importance of financial services for business survival but noted that issues such as channel reliability and trust have discouraged many Nigerians from adopting online payment solutions. He emphasized that by identifying these gaps, RoutePay has made a significant impact on financial inclusion, aligning its mission with the Central Bank of Nigeria’s goals to promote financial inclusion across the country.
Adeoti further explained that RoutePay’s services are designed to address various factors such as literacy levels, geographical locations, and financial capacity, ensuring that its products are accessible and user-friendly.
Abayomi Olomu, CEO of RoutePay, added that the firm is focused on eliminating pain points in digital payments and enhancing customer satisfaction with innovative solutions. RoutePay has a full operating license from the Central Bank of Nigeria in the Payment Solution Service Provider category, further enabling its growth in the financial technology space.
