Kayi Microfinance Bank Limited Not Affected By NIBSS Circular Says Management

The management of Kayi Microfinance Bank Limited has said that the NIBSS Circular on Permissible Services and Products of PSSP Operation in Nigeria of December 5th, 2023 did not affect them.

In a release on December 7, 2023, signed by the Bank Chairman and CEO, Saadina H. Dantata, Kayi said, “Kayi is pleased to confirm that it has a Tier 1 Microfinance Bank licence from the Central Bank of Nigeria, which allows it to hold customer deposits and offer a full scope of banking services to the public. Hence, Kayi is not affected by the circular.

“Additionally, Kayi is pleased to confirm 95% of NIBSS integration and finalize the total overhaul of its product and the subsequent release of our world-class super app, KayiApp, to both the Google Play Store and Apple App Store by the end of next week.

“Kayi remains committed to fulfilling its promise of banking without limits to its esteemed customers, Dantata said.

Kayi App is at the forefront of finance in the era of Internet 2.5-based banking. They harness the power of Web 3 technology to seamlessly integrate cutting-edge cybersecurity solutions, forging an impenetrable financial ecosystem.

Kayi App’s mission is to revolutionize contemporary banking by offering a comprehensive suite of services tailored to Nigeria’s financial needs.

This includes stock investments, insurance coverage, convenient loan options, secure crypto transactions, and a uniquely structured savings programme that promises impressive returns.