Another Nigerian Bank Sets To Begin Operations, CEO Speaks on Plans, Confirms Launch Date [Video]

• The Central Bank of Nigeria has issued approval for Ourpass to operate as a microfinance bank in Nigeria
• Unlike Moniepoint and Opay that focus on small businesses, Ourpass is planning to target large corporates like Shoprite
• The latest license from CBN, Ourpass said, will help in enhancing its financial services, including savings

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Central Bank of Nigeria (CBN) has granted a banking license to OurPass, an e-commerce one-click checkout company, to operate as a Microfinance Bank.

The new approval gives OurPass the full authority to create new customer banking products and makes it the latest bank in Nigeria.

Ourpass on new licence

TechCabal reportsthat OurPass said it plans to begin operation in September 2024 and will offer …