NIGERIA:Sterling Bank, App Zone partner on unbanked customers

Sterling Bank Plc has signed up to AppZone’sCreditClub to leverage its agent network and banking technology platform to serve customers outside traditional branches.

CreditClub is an alternative banking channel solution developed for licensed banks with primary application in the area of delivering basic banking services to remote customers outside traditional branches. The solution works in collaboration with affiliated third party entities.

The CreditClub technology addresses branchless banking challenges by providing a robust software core and embedded core banking application that seamlessly integrate with portable mobile phones and point of sale (PoS) devices as well as third party core banking applications. It also offers mobile banking self-service applications and functionality for issuing and managing debit cards.

“This banking solution is expected to create financial inclusion and extend the bank’s services to the remote, rural and semi-urban areas,” the firm explained.