business
MoneyMaster PSB announces new, agency banking software | Prestige News
Nigeria’s Payment Service Bank, MoneyMaster PSB, has unveiled a new agent banking software which boasts unique functionalities aimed at promoting financial inclusion.
MMPSB disclosed in a statement in Lagos that the revolutionary banking software will equally enrich its agency banking services.
According to the PSB, the new agency banking software supports, among others, the most comprehensive range of agency banking services including bills payment, instant reversal of failed transactions, payment for lottery and betting, customers’ balance check, card linkage to POS, transaction history from other channels.
“The new software has been integrated with MMPSB’s core banking platform to provide improved experience for agents, customers and various stakeholders along the value chain”, it said.
The PSB added further that the new software was introduced to provide a secure and seamless banking experience to customers using its POS terminals across the country, saying, “Customers can now enjoy a wide range of banking transactions from a single point while improving revenue streams for Agents”.
Aided by the new banking software, MoneyMaster is now ranked among the top financial institutions with cutting edge technology for POS terminal operations. After securing its payment service banking licence, the bank was one of the early movers that championed the deployment of USSD banking amongst the financially excluded. It later expanded its banking channels to include mobile banking app and internet banking.
MoneyMaster expressed its commitment to promoting financial inclusion among the unbanked and underbanked population and also support businesses with innovative, customer centric solutions to enrich their banking experience. Owing to the seamless payments on its platform, MoneyMaster was picked to collect payments on behalf of Lagos State government during the Phase 2 of the Ounje Eko food discount market instituted by the Governor Babajide Sawoolu government in the state.
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