Mint Digital Bank by Finex-MFB Set to Offer Unprecedented Value for Individuals and Nigerian Businesses

August 21, 2020

Mint Digital Bank, a subsidiary of Finex Microfinance Bank has announced that it is set to offer unparalleled value to Nigerians by providing innovative solutions to businesses and individuals who require digital financial services.

This development could not be coming at a better time as businesses and individuals around the country and the world fight to return to normalcy amid the COVID-19 pandemic, with many organizations struggling to provide super-personalized digital experiences for clients and employees.

Mint Digital Bank has developed an efficient digital banking application that aims to reduce risk, improve efficiency and serve customers better.  The leading digital bank in Nigeria will offer value that has never been seen before in the Nigerian financial technology sector, such as:

  • Banking that puts customers in control: The digital platform promises no hidden charges, giving customers the power to decide exactly what kind of banking they need with no surprises or hidden charges.
  • A chance to earn up to 15% interest on money with flexible goal-based savings
  • Personalized money tracking: With the MyMintApp (Android , IOS, Web) customers can monitor inflow and outflow, check-spending limits, lock cards and simply plan ahead.
  • Financial inclusion: The bank would provide financial services to underserved groups such as low-income earners.  Mint digital bank would help individuals and businesses to secure financial products and services at economical prices. Such services would include deposits, fund transfers, bill payments, payments, etc.

It can be recalled that at the 19th edition of the National Seminar on Banking and Allied Matters for Judges, organized by the Chartered Institute of Bankers of Nigeria (CIBN), the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, asserted that “Digital finance can deliver enormous benefits, not just for the payments system but also for the financial wellbeing of the citizenry and the economy at large. It improves competition, increases efficiency and revolutionizes financial services,”

This forecast is fast turning out to be true with the introduction of such innovations as Mint Digital Bank, which will allow customers open an account without a paper trail, transfer money, request money from Mint customers, pay bills, top-up phone calling cards, fund virtual cards, set up recurring payments, pay back loans, all through the bank’s mobile application and avoiding both queues and bank charges.

The digital initiative promises to further shrink the gap between traditional banks and financial technology firms in Nigeria.

You'll like this

February 18, 2019

Every week, Zikoko asks anonymous people to give us a window into their relationship with the Naira. Some will be struggle-ish, others will be boujee–but all the time, it’ll be revealing. This #Nairalife story was pulled off in collaboration with mycashestate.com. In this story, a guy who manages to balance la vida loca with altruism.  Age: […]

Astor George

Join The Conversation

Bring a friend.

Watch

Now on Zikoko

October 22, 2020

Let’s start here: On the 20th of October, 2020, armed men of the Nigerian army allegedly shot at peaceful protesters in the recent #EndSars movement. It is estimated that at least twelve people were killed in Lagos, and hundred more were injured around Nigeria. In light of this unfortunate and avoidable incident, we decided to […]

October 22, 2020

This article contains updates on occurrences related to the general national unrest outside Lagos that you might have missed. We’ll keep updating it. Seyi Makinde addressing protesters in Ibadan The Oyo State Governor took to the streets of Ibadan yesterday to address protesters and the general public and to tell them that peace would return […]

October 22, 2020

Yesterday, Lagos State Governor, Babajide Sanwo-Olu addressed the state following the massacre of innocent civilians at the Lekki toll-gate the previous night. Here’s the speech. After watching him struggle for over seven minutes to deliver his speech, we were able to pick out some of the stuff we couldn’t just stand. See: 1. The lies […]

October 22, 2020

Recently, there has been an increasing occurrence of social media accounts broadcasting and spreading fake news. In one instance, a Twitter user posted a photo of Aisha Yesufu, a prominent activist purportedly showing her relaxing in her living room with her husband while #EndSARS protesters are on the streets. The photo was actually of her […]

October 21, 2020

The Nigerian military has a well-documented history of killing unarmed civilians. Listed below are five times the Nigerian military has killed unarmed civilians. 1. Baga Massacre, 2013 On 16 April 2013, 200 civilians were killed and over 2,000 houses were destroyed, with many other people injured in the village of Baga, Borno State, Nigeria. Refugees, […]

Recommended Quizzes

November 28, 2019

There are so many talented and stunning Nollywood actors that make it hard not to fall in love with them. So, while we all know the likelihood of us ending up with any of them is super low, it’s still fun to imagine a world where we actually stood a chance, and that’s why this […]

March 24, 2020

While we know that a lot of the best Nigerian artists deservedly have fans across generations, that won’t stop us from attempting to guess how old you are based on your taste in Nigerian music. So, take this quiz to see if we got it right:

April 9, 2020

At some point in life, we all learnt that someone can be very intelligent and still lack common sense. That’s the difference between being book smart and being street smart. If you’re not sure where on the spectrum you fall, well, that’s what this quiz is here to tell you. Take it:

February 26, 2020

Are you all set for marriage, or are you still figuring it out? Well, if you’re curious to know the answer, then this is the quiz for you. All you have to do is create your own ideal Nollywood wedding film, and we’ll tell you if you’re ready to say “I do”. Go ahead:

December 3, 2019

Are you a professional Yoruba demon? Are you walking around in search of whose life you can wreck at any given time? Well, this quiz knows exactly how many hearts you’ve shattered to date, and before you lie that your result is inaccurate, just remember that Zikoko is never wrong. Now, take it and be […]

More from Money

October 19, 2020

Tell me about your oldest memory of money. Hmm, I didn’t acknowledge the existence of money till I was in secondary school. Prior to that, whatever I needed was always provided. I’m not saying that this changed in secondary school, but there was a stark difference between what my mates had and what I had. […]

October 13, 2020

“A Week In The Life” is a weekly Zikoko series that explores the working-class struggles of Nigerians. It captures the very spirit of what it means to hustle in Nigeria and puts you in the shoes of the subject for a week. The subject of today is Femi, a writer at Zikoko. He talks about […]

October 8, 2020

If you’re one of those people who like to hide their money from family and friends, then this list is for you: 1) Deflect comments and compliments. Some examples: “Don’t whine me.” “It’s not like that.” 2) Always say “we thank God.” Person: How are things? You: We thank God. Person: How will you buy […]

September 28, 2020

Tell me about the day you knew something wasn’t right.  I woke up in the middle of the night feeling funny. I’d slept like two hours earlier, but something woke me up. I decided to check my blood pressure  – I’m hypertensive.  Wait, how old are you?  27 soon. Anyway, I checked my BP, and […]

September 24, 2020

Being a corps member has to be one of the most stressful phases in the life of a Nigerian youth. And you know what makes it all the more stressful? The money aspect. It is never enough. 1. The struggle of waiting for allowance every month. Especially when it’s already 20-something on the calendar and […]

Watch

Trending Videos

Zikoko Originals

June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.
February 6, 2020
Who doesn't want to find love? In our bid to help, we paired up a bunch of single Nigerians, sending them on an all-expense paid date, and interviewing them before and after they met.
January 27, 2020
Nigerians Talk is what happened when a motley crew of young Nigerians were put in front of a camera and asked a bunch of apparently random questions about life, love, money and more.
September 24, 2019
A group of Zikoko staff go on a road trip to every mainland country in ECOWAS West Africa

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X