Connect with us

Hi, what are you looking for?

Tech

3Line Card Management To Launch ‘SUSUBYU

3Line Card Management, one of the leading innovative fintech company in Africa, is set to launch ‘SUSUBYU’, a digital saving product modelled on the traditional informal thrift savings.

The product enables seamless daily contributory savings into the customer’s thrift saving account.

According to the fintech firm, SUSUBYU is one of the products of its ‘Freedom Network’ in partnership with commercial and Microfinance banks.

The Freedom network is a CBN licensed super-agent offering financial services through its agents across Nigeria.

The product was created as part of its unswerving commitment to provide seamless access to financial services for the unbanked. 3Line leverages technology to foster a safe, easy, robust, and efficient contributory savings scheme popularly known as Esusu,
Adashe, & Ajo across Nigeria with ‘SUSUBYU’.

The product also enables customers to access microloans instantly upon meeting the set criteria.

Sibigem Chibuzor, Operations Manager, 3Line, reiterated that 3Line is keen on impacting the people at the grassroots positively: making financial service conveniently available to them.

Chibuzor said “It has always been our goal to reach the people at the grassroots to add sustainable value to their lives using technology. With our Freedom Network we develop platforms that allow the unbanked easily access basic financial services such as cash-in/cash-out, funds transfer, bill payments, savings and more. Thus, financially included.”

He further asserted that SUSUBYU was a response to customers’ needs.

However, the Central Bank of Nigeria, (CBN) in 2018, licensed 3Line to operate as a super-agent in Nigeria’s financial services system in order to boost financial inclusion in Nigeria.

The sole purpose of the Freedom Network is to tackle the challenges hindering financial services and inclusion in Nigeria.

3line intends to create more jobs by recruiting agents across the country. It aims to establish a network of 50,000 active agents across the country within 5 years.

“Currently, we have over 2500 registered agents with kiosks in operation across the country. We plan to create a network of 50,000 active agents by the year 2024. This will not only drive financial inclusion but also provide jobs for the people.” Chibuzor concluded.

The company’s infrastructure processes transactions across multiple electronic channels. 3Line focuses on four key areas: Card scheme (Freedom Card), Transaction Switching, Processing, Branchless banking and bespoke electronic payment application development.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Entertainment

The Movie, Alejo Oran is due for public exhibition anytime soon.          Busayo Idowu Gold Bussibby, the brain behind the much...

Rhema News

It was joy galore as Prophet Joshua Iginla, who is arguably a line crosser and a barrier breaker in the ministry, celebrated the 14th...

Rhema News

The General Overseer of Champions Royal Assembly, Prophet Joshua Iginla showered Encomium on his wife during the 14th anniversary celebration of his ministry in...

Art and Culture

  A new book,The Yoruba: A New History has just been delivered. It is authored by Akinwumi Ogundiran. The book, is the first transdisciplinary...

News

The Senate, on Tuesday, asked the President, Major General Muhammadu Buhari (retd.), to sack service chiefs as a result of their failure to secure...

You May Also Like

Politics

Indications have emerged that the National leader of the All Progressive Congress (APC) Asiwaju Bola Ahmed Tinubu may have shifted allegiance from his party’s...

News

Former Emir Of Kano, Sanusi Lamido Sanusi may have put his dethronement in March this year, as the traditional head of the ancient Northern...

News

Popular gospel act, Lanre Teriba aka Atorise is presently in an unstable condition following injuries he sustained during an attack in Lagos at the...

News

Good morning Gentlemen of the Press and thank you for honouring our invitation. Let me start by appreciating the Inspector General of Police, IGP...