NIPOST Launches “Easy Life Account”, Agency Banking Service for the Unbanked

NIPOST Launches "Easy Life Account", Agency Banking Service To Bank the Unbanked Today

The Nigerian Postal Service (NIPOST) has launched the pilot phase of its Agency Banking service to aid financial inclusion and bank the unbanked across its vast network of outlets in Nigeria in collaboration with Wema Bank today.

The solution named Easy life was launched at the Post Office in the ancient town of Oyo in Oyo state. At the event, the NIPOST team went all-out to intimate the populace about the new product and how it will be of benefit to them. Interestingly, the event coincided with the 2018 global World Post Day celebration.

Speaking about the new banking solution, Post-Master General (PMG) of NIPOST, Asiwaju Bisi Adegbuyi, stated that the “Easy Life Account” was created in-line with NIPOST’s bid to leverage new-age technology in order to enable it to serve Nigerians more efficiently and become an institution that will be integral to everyday life of Nigerians through valuable services.

According to him, “These past years, we have made efforts to create a digital economy mindset in the postal service and the Nigeria Postal Service of today will transform how we do business in the areas of banking, logistics, e-commerce and addressing. We are launching this product in Oyo today because our focus is on the unbanked, especially in the rural areas.”

Related Post: Here’s What You Need to Know About the New NIPOST Digital Verification System

“They will soon begin to enjoy the benefits of all banking related services such as the opening of savings accounts, electronic transfer and receipt of money, student exams registration (WAEC, NECO, JAMB, NBTE, etc), payment of utility bills and placement of order on all categories of e-commerce merchandise (postal order which will be replaced by electronic-money) in the post offices nearest to them ,” the PMG said.

This he said ‘will ensure financial inclusiveness for all underbanked and unbanked, most especially those in the rural areas” which is a very good one considering that financial exclusion among the adult population in Nigeria is as high as 40%.

Related Post: Wondering How the NIPOST Address Verification System (AVS) Works? Here is it Explained

Related Post: Employment Opportunity: Nigerian Youths can Cashout Big Time by Becoming NIPOST’s AVS Field Agents

On his part, Dotun Ifebogun Head Retail and SME Banking, Wema bank, said, that with the Easylife account that would be open at NIPOST outlets, Nigerians would be able to carry out banking transactions, from BVN enrollment and Deposits to withdrawals (including ATMs).

And just like its name implies (Easylife), opening one is very easy. All you need to provide: Your name, Phone number, Address, Date of Birth, a minimum of N1500 to deposit and you’ve got yourself an account. You thereafter withdraw N500. N1000 will be used for ATM card production.

Aside from the agency banking scheme, NIPOST also unveiled its Customer Contact Centre (CCC), a quick response to customers complain and questions which can be reached using the call line – 07000NIPOST (07000647678). And as expected this centre can be conversed with in the major Nigerian languages – English, Yoruba, Hausa and Igbo.


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