DafriBank Digital a borderless financial technology company providing customized financial services and payment gateway solutions has announced plans to become a full fledged commercial bank in Nigeria.
According to the chairman of the company, Xolane Ndhlovu: “There are plans to become a full fledged commercial bank in Nigeria in the nearest future. However, through our subsidiaries in Nigeria we have demonstrated our willingness to contribute to Nigerian economic development and the future of our Nigerian youth. In 2020, we launched a N100 million educational grant initiative which currently has 25 students in various private schools”.
Shedding light on how Dafribank stands out from others in the marketplace, Xolane Ndhlovu, a visionary entrepreneur said: “We differ from them with respect to our very mission! Our goal is to leverage the digitization of the financial sector to serve the digital entrepreneurs who have been largely ignored by the conventional banks. We also aim at reducing the costs of finance significantly through the use of more efficient technology, which would directly benefit our clients”.
Ndhlovu also averred that the bank’s target audience are digital entrepreneurs and merchants.
“For now, we aim to largely serve Digital Entrepreneurs and merchants – the class that has found the traditional financial platforms insufficient. However, as we move further, we shall be innovating, improvising and introducing solutions that will elevate the experience of everyone connected with African and even overseas Finance”.
