In a bold step towards enhancing financial inclusion and digital banking services in Nigeria, MoneyMaster Payment Service Bank (MoneyMaster PSB) has officially launched its new agency banking software. The unveiling of this innovative platform is expected to empower thousands of banking agents, boost financial transactions, and provide seamless banking experiences for millions of Nigerians—particularly those in underserved communities.
The launch of the new agency banking software marks a major milestone in MoneyMaster PSB’s mission to drive financial accessibility across the country. As a licensed Payment Service Bank (PSB), the company is focused on bridging the gap between the banked and unbanked populations, ensuring that more Nigerians can access banking services without visiting traditional bank branches.
According to the company, the new agency banking software will provide:
Faster transactions – Enabling real-time deposits, withdrawals, and bill payments.
Enhanced security – Protecting customers and agents from fraud risks.
User-friendly interface – Making it easy for agents to operate seamlessly.
Improved accessibility – Expanding financial services to rural areas where traditional banks have limited presence.
“We are thrilled to introduce this advanced agency banking solution, designed to empower our agents and bring financial services closer to the people,” said a MoneyMaster PSB spokesperson in a LinkedIn post.
“With this new software, we are making banking more efficient and secure for everyone, from market traders to small business owners,” shared an excited agent on X (formerly Twitter).
How MoneyMaster PSB’s Software is Transforming Agency Banking
Agency banking has become a vital tool for financial inclusion in Nigeria, allowing individuals, market traders, and businesses to perform financial transactions without visiting bank branches. MoneyMaster PSB’s new software aims to simplify the process, increase transaction speed, and improve financial accessibility across the country.
The launch of this solution comes at a time when many Nigerians are seeking alternative banking solutions due to long queues, limited access to bank branches, and increased reliance on digital payment channels.
The launch has sparked conversations across social media, with financial experts, fintech enthusiasts, and business owners commending MoneyMaster PSB for introducing a much-needed solution in Nigeria’s financial landscape.
Dr. Olufemi Adesanya, a financial technology analyst, stated on LinkedIn:
“This move by MoneyMaster PSB is another step towards achieving full financial inclusion in Nigeria. With the right technology and agent support, we can reach the millions of Nigerians who are still unbanked.”
Fintech influencer, @NaijaFinTechGuy, tweeted:
“Agency banking is the future, and MoneyMaster PSB is taking the lead with this new software. Expect faster transactions, better security, and more people having access to financial services!”
A local business owner shared on Facebook:
“I can now send money and make payments faster through my agent, thanks to MoneyMaster PSB’s improved system. No more delays!”
Expanding Financial Access to Millions
With this latest innovation, MoneyMaster PSB is poised to expand its network of agents and deepen financial penetration across Nigeria, especially in rural areas where banking services are scarce. The company’s strategy aligns with the Central Bank of Nigeria (CBN)’s financial inclusion agenda, which aims to bring banking services to over 95% of the population by 2025.
As Nigeria’s fintech space continues to evolve, the launch of this cutting-edge agency banking software is expected to set new standards for digital banking efficiency, security, and accessibility. It remains to be seen how competitors in the financial sector will respond to this latest innovation from MoneyMaster PSB.
