FairMoney Surpasses 30 Million Users in Nigeria

FairMoney Microfinance Bank has achieved a significant milestone by surpassing 30 million registered users in Nigeria as of September 8. This achievement underscores the increasing adoption of digital banking and financial services in the country.

The Central Bank of Nigeria (CBN)-licensed microfinance bank provides a range of services, including loans, savings, money transfers, bill payments, cards, and asset financing. The FairMoney app allows users to manage accounts, save, transfer money, and access credit directly from their mobile devices.

Additionally, FairMoney supports merchants and micro, small, and medium-sized enterprises (MSMEs) through its FairMoney Business platform, offering business accounts and payment services. Managing Director Henry Obiekea stated that the milestone signifies the trust placed in FairMoney by millions of Nigerians to support their financial needs.

He emphasized the company's commitment to investing in technology and enhancing its offerings for individuals and businesses.