Fidelity Bank and the Nigerian Postal Services, NIPOST, partnered to improve rural banking systems in 266 rural communities. The Deputy Managing Director of Fidelity Bank, Mohammed Balarabe stated that NIPOST locations will be used as banking facilities in areas without existing banks. Additionally, the partnership will look to expand the project past 266 locations in the future.
With the new partnership, people will be able to make deposits and withdraws from any Nigerian bank account at the new rural banking locations. Additionally, the partnership also allows Fidelity Bank to drastically expand its infrastructure in the region.
The CEO of NIPOST, Bisi Adegboye, spoke on the partnership with Fidelity Bank, "With this development, it means that NIPOST customers can also get banking services in the Post offices nationwide and can deposit and withdraw money, including payment of bills for utility services in Post offices where these services are available without stress.”
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