Non-interest bank TAJBank has partnered with the Nigerian Postal Service (NIPOST) on a strategic initiative to expand its branch network across Nigeria. This partnership aims to advance financial inclusion and improve postal services nationwide.
The collaboration was formalized during a recent meeting at NIPOST’s head office in Abuja, attended by TAJBank CEO Hamid Joda and NIPOST Postmaster General Tola Odeyemi. It focuses on utilising NIPOST’s extensive network of over 2,200 post offices and agencies to provide TAJBank customers with increased access to innovative banking services.
Joda outlined that TAJBank will rent, refurbish, and rebrand selected NIPOST branches to establish its presence. “By leveraging NIPOST’s infrastructure and reach, we can serve more customers with our suite of digital and cost-saving products,” he remarked.
The bank’s Executive Director, Sherif Idi, added that by collaborating with the national postal service, TAJBank demonstrates its commitment to surpassing expectations and redefining non-interest banking for Nigerians. “Our strategy puts customers first, providing real-time financial services through both human interactions and digital channels,” Idi said.
With over 90 million Nigerians still lacking access to formal financial services, partnerships between fintechs and national agencies could provide the next wave of banking penetration. TAJBank’s collaboration with NIPOST signifies the potential for public-private initiatives to spur financial inclusion through upgraded infrastructure and expanded delivery channels.