The Alternative Bank and TotalEnergies have launched ‘Bank in a Box’ to expand financial inclusion in Nigeria.
NaijaOnPoint Nigeria reports that The Alternative Bank, in collaboration with TotalEnergies have unveiled an innovative partnership which aims to bring vital banking services directly to underserved communities nationwide through their pioneering Branch in a Box initiative.
These mini-branches, NaijaOnPoint Nigeria gathered, would be strategically located within select TotalEnergies stations across the country, offering enhanced accessibility and convenience for customers seeking essential financial services.
The Branch in a Box initiative addresses the challenges faced by remote communities, with limited access to vital financial services.
Mohammed Bashir Yunusa, Director of Products & Innovation at The Alternative Bank, lauded the initiative as innovative and timely, emphasizing its role in alleviating the difficulties associated with accessing financial services.
According to Yunusa, “The Branch in a Box provides convenient, accessible banking services within trusted and familiar locations, staffed with well-trained customer service personnel to assist everyone.”
The Branch in a Box functions like traditional branches, offering a comprehensive range of banking services, including account opening, cash withdrawal and deposit, fund transfers, card pick-up, access to interest-free credit, and more.
The inaugural batch of Branch in a Box locations welcomes customers at TotalEnergies stations in Ojuelegba, Yaba, Fadeyi, Oshodi, and Ojota Lagos, with a nationwide rollout scheduled in the coming weeks.
Expressing enthusiasm about the collaboration, Yunusa remarked, “The Alternative Bank and TotalEnergies have a shared commitment to fueling financial inclusion and supporting the communities they serve. We are therefore thrilled to partner with TotalEnergies to launch this innovative initiative.”
Abdulahi Umar, General Manager at TotalEnergies, echoed these sentiments, stating, “We are committed to providing our customers with exceptional service and convenience. So, partnering with The Alternative Bank allows us to enhance our offering of a truly integrated experience to our customers and communities.”
Experience the future of banking by locating a Branch in a Box near you at www.altbank.ng.