Today, Yomi Adedeji, the Co-CEO of Eyowo, said that the company would soon resume its financial services using its Payment Solution Service Providers (PSSP) licence, after the disruption caused by the revocation of its Microfinance licence by the Central Bank of Nigeria.

Adedeji disclosed this in an update provided to its customers where he said that the bank is now 98.8 percent ready to resume its activities, stressing that as one of the 75 companies licensed by CBN as PSSPs, Eyowa will continue providing its payment services.

With the PSSP licence, the digital bank can provide financial services such as the operation of payment processing gateway and portals which are utilised by merchants to accept debit or credit card purchases from customers.

“Please bear in mind that with our PSSP licence, we are fully backed by the CBN to continue providing the services you enjoy on Eyowo.” Eyowa Co-CEO said.

Addressing the bank’s issue with its customers’ inability to withdraw or send money on its platform since the revocation of its MFB licence on May 23, Adedeji said the bank is now on the verge of allowing interbank transaction

According to him, the bank has partnered Providus bank to enable inter bank transactions, to which it has started connecting its tier 2 and 3 customers to new accounts, and has revealed that it would send emails on how they can resume transactions.

“We appreciate our partner, Providus Bank, for taking proactive steps to provide us with all the support we needed to get all Eyowo services back up for you and your business. They have been our proud partners of potential.”

“We have connected all Tier 2 and Tier 3 users to new accounts, Tier 1 customers would be upgraded as soon as your BVN is added. As we go live the next email you will receive will include all you need to know to resume interbank transactions”

– Adedeji said.

Acknowledging the financial dis comfort the bank’s situation must have caused to it customer, he empathised with them, noting that he understands because he relies completely on Eyowo and experienced first-hand the same challenges you faced.