NMB IN A MOVE TO ENHANCE FINANCIAL INCLUSION USING MOBILE PHONE TECHNOLOGY

Banking & Finance

 Former NMB Managing Director, Ms. Ineke Bussemaker

The National Microfinance Bank (NMB) has announced plans to enhance financial inclusion using mobile phone technology blended with internet services.
The bank envisages to use the platform to enable people to save thus do away the cash in- cash out trend, NMB Managing Director, Ms. Ineke Bussemaker said.
He said the mobile technology would enrich banking coverage and bring many closer to financial services including offering micro loans.
The NMB Chief Risk Officer, Mr. Tom Borghols, said in this year the bank plans to have some 250 banking agents to increase its outreach of its 163 brick and mortar branches.
“We will place agents banking to the places where we don’t have branches...so as to reach many,” Mr. Borghols said.