In a groundbreaking move, OurPass, a pioneering e-commerce company, has secured a license from the Central Bank of Nigeria (CBN) to operate as a microfinance bank.
This milestone marks a significant expansion of OurPass’ financial services, empowering the company to provide a comprehensive range of banking solutions to large corporations and businesses across Nigeria.
With the CBN’s approval, OurPass is poised to launch its microfinance operations in September 2024, offering an array of financial products and services, including business accounts, loans, and business management tools.
The company’s strategic focus on large corporates sets it apart from competitors, positioning OurPass as a leading player in Nigeria’s business banking landscape.
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According to Samuel Eze, CEO of OurPass, the company is committed to delivering exceptional financial services, prioritizing credit facilities for large corporates and striving for optimal net income ratios.
OurPass’ ambitious plans include establishing a robust physical presence across all 774 local government areas in Nigeria, ensuring unparalleled accessibility and convenience for its clients.
As OurPass prepares to enter the Nigerian banking scene, it is set to rival established players like Brass, Moniepoint, and Prospa, bringing innovative solutions and a customer-centric approach to the forefront of business banking.
With its CBN license, OurPass is revolutionizing the Nigerian banking landscape, empowering businesses and driving economic growth.
