Financial company Aims to Extend Digital Services to 1m Kaduna Rural traders

By Abubakar Yunusa

Hajiya Bilkisu Ahmed, an entrepreneur and financial expert, leads a company that is dedicated to providing Inclusive Digital Financial services to one million Rural Market Traders in Kaduna State. This ambitious endeavor is aimed at assisting them in achieving the Central Bank of Nigeria’s (CBN) 95 percent financial inclusion target by January 2024.
Ahmed, in her role as the CEO of Paynacle Digital Services, introduced this groundbreaking initiative during the unveiling of a digital kiosk within the state. She underscored the fact that a staggering number of over two million individuals within the state lack access to essential financial services.
Furthermore, she expounded on the state government’s efforts in creating a conducive environment for entrepreneurs. As a part of their strategic plan, they have committed to investing 350 million naira in order to establish 1,000 Point of Sale (PoS) terminals across the entire state.
“Our unwavering commitment is centered around providing Inclusive Digital Financial literacy and comprehensive services to one million Rural Market Traders within the state. This will pave the way for Kaduna to successfully realize the CBN’s ambitious goal of achieving 95 percent financial inclusion by January 2024,” Ahmed emphatically stated.
During the event, Muhammad Aminu, the distinguished controller of the Central Bank’s Kaduna branch, underscored the apex bank’s keen interest in matters related to financial inclusion, Fintech advancements, and empowerment. He notably mentioned that these pivotal factors are poised to determine the trajectory of the future banking landscape and financial institutions. Aminu also pointed out that the banking sector has undergone a remarkable metamorphosis over the past decade, aligning itself seamlessly with global trends.
In a resounding declaration, Aminu proclaimed, “The era of relying on traditional cheques or making in-person visits to banks for financial transactions has unequivocally passed. Today, customers have the convenience of conducting substantial million-naira business transactions right from the comfort of their homes.”