• About
  • Advertise
  • Careers
  • Contact Us
Thursday, June 26, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Fintech

PenPay and Quickteller to Jointly Provide Informal Sector Workers with Retirement Savings Plans

by Techeconomy
October 26, 2023
in Fintech
0
PenPay and Quickteller
PenPay and Quickteller

PenPay and Quickteller

UBA
Advertisements

PenPay has entered into a partnership with Quickteller.

PenPay is the Awabah product aimed at building the largest distribution network for financial services in Africa, while Quickteller is a leading consumer digital payments platform, powered by Interswitch, one of Africa’s leading integrated payments and digital commerce companies.

This collaboration aims to provide informal sector workers with access to structured retirement savings plans through Quickteller.

With PenPay now available at ATMs nationwide, millions of Nigerians will have the opportunity to secure their financial future.

The informal sector constitutes a significant portion of Africa’s economy, accounting for a significant number of workers.

However, due to the lack of formal employment and access to financial services, many individuals in this sector often struggle to plan adequately for their retirement.

Recognizing this challenge, PenPay and Quickteller have joined hands to bridge the gap and ensure that no informal sector worker is left behind.

PenPay, with its extensive distribution network, offers an innovative and convenient solution for individuals to save for their retirement.

By leveraging Interswitch’s well-established Quickteller platform, PenPay will have the ability to reach both online and offline customers, significantly expanding its accessibility and impact.

The collaboration will allow informal sector workers to contribute to their retirement savings through PenPay at various Interswitch-enabled ATMs across Nigeria. This accessibility will empower millions of individuals who previously had limited options when it came to securing their financial future.

PenPay’s integration with Interswitch’s Quickteller platform is a game-changer for the future of financial inclusivity in Africa.

The partnership will not only facilitate retirement savings for informal sector workers but will also contribute to the overall economic growth and stability of the nation.

By unlocking the potential of these workers, the partnership aims to drive financial resilience and prosperity for individuals and communities across Nigeria.

Moreover, with PenPay’s robust network and Interswitch’s wide reach, this collaboration has the potential to extend its impact beyond Nigeria’s borders, positively influencing the lives of millions in the region.

Commenting on this partnership, Oluwaseun Adekanbi, Growth Manager at PENPAY, stated,

“We are thrilled to join forces with Interswitch to empower the informal sector workers across Nigeria. Through this collaboration, we will ensure that everyone, regardless of their employment type, can access retirement savings and plan for their financial future. This is a significant step towards achieving our mission of fostering financial inclusivity in Africa.”

Also commenting on the partnership, Omoniyi David-Mosaku, the Insight and Growth Specialist, Corporate Ecosystems at Interswitch also said:

“This partnership with PenPay will further boost our sustained efforts to deepen financial inclusion across Nigeria and beyond. We are excited about this partnership with PenPay, a powerful step towards empowering informal sector workers with a secure path to retirement.”

This collaboration between PENPAY and Interswitch marks a pivotal moment in the journey towards economic development and financial inclusion.

By offering retirement savings to the informal sector workforce, they aim to create a society where every individual can build a secure financial future.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: PenPayPenPay and QuicktellerQuickteller
Techeconomy

Techeconomy

Next Post
Newmark Group inducted into PRGN membership

Newmark Group Officially Inducted Into Public Relations Global Network (PRGN)

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

AfriInvest GMD, Ike Chioke

Afrinvest GMD, Ike Chioke, Advocates National Unity at Alma Mater’s Convention

3 years ago
UBA wins DBN awards

UBA Wins Big, Clinches Four Prestigious Awards at DBN Service Ambassador Awards

1 month ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.