“A robust agent network is a critical component of the mobile money system. It provides the unbanked access points to financial services. As such we plan to leverage this across the country and develop more customer-friendly services like easy access to loans, micro insurance and healthcare,” she said.
To achieve this, fets has been leveraging on its relationships with organizations with deep rural penetration, and has set for itself the target of getting at least 25 percent of the unbanked population on its platform by 2018.
Odunowo said she believes deepening financial inclusion can positively impact the Nigerian economy “This is an effective way of closing the financial gap in Nigeria, in the sense that the mobile money platform has opened opportunities for all individuals to access financial services and closes the usual limitations such as inaccessibility, illiteracy to mention a few,” she said.