Committed to help Nigeria’s Microfinance Institutions (MFIs), to reach out better to unbanked and financially underserved population, MTN Business, the business-to-business unit of MTN Nigeria, has urged MFIs to embrace cost-effective and operationally efficient solutions in the management of their businesses.

This was the focus of a recently held forum, organised in Lagos by MTN Business, with the theme: MTN XaaS – Helping MFIs Drive Financial Inclusion.

Speaking in Lagos at a forum organized by MTN with the theme, MTN XaaS- helping MFIs Drive Financial Inclusion, Mr. Tsola Barrow, the Acting Chief Enterprise Solutions Officer, MTN Nigeria, said that technology “has become a key differentiator and enabler for businesses.” That was why, he explained, the MTN XaaS: Micro-Banking Software-as-a-Service solution was introduced to take the operations of MFIs to another level. The idea was to provide a highly secure, cloud-based solution that, by design, could be implemented within a short time without licensing or setup costs.

“MTN Business is committed to delivering value and driving business growth in Nigeria through tailor-made, productivity-enhancing solutions. We also recognise that microfinance banks provide a huge funding platform for SMEs. Thus, enhancing the service delivery of these banks makes access to funds easier for SMEs, ultimately impacting positively on the economy,” added Mr. Barrow, who was represented by Mr. Olutayo Egunjobi, Senior Manager, Enterprise Marketing.