Access Holdings Reaffirms  Dedication to Reshaping Banking in Africa

Nigerian leading multinational financial services group Access Holdings has announced that the company will remain steadfast in its mission to redefine banking in Africa, undeterred by the loss of its Group Managing Director, Mr. Herbert Wigwe. The firm’s commitment to innovation and shaping the future of banking across the continent remains unwavering.

Access Holdings wrote,

“A defining moment in Access Holding’s trajectory was the merger with Diamond Bank in 2019, as part of a five-year strategic plan for continental expansion. This consolidation combined the strengths of both institutions, creating a financial powerhouse. Since then, Access Holdings has achieved a significant percentage of its goals and emerged as a robust entity spanning three continents and twelve countries, serving over 45 million customers.

“In 2020, Access Holdings took a major step forward by acquiring a majority stake in Kenya-based Transnational Bank (TNB). By capitalizing on TNB’s expertise in agricultural financing, Access Holdings enhanced its presence in key sectors and contributed to the economic development of the regions it serves”.

Highlighting its commitment to technological advancement, Access Holdings emphasized its efforts in nurturing the next generation of fintech firms through its partnership with the Africa Fintech Foundry (AFF). This collaboration underscores the company’s dedication to remaining at the forefront of innovation, with a global perspective while prioritizing African-centric product offerings.

Access Holdings further extended its influence by launching Access Africa, a groundbreaking payment system facilitating various transactions, including Person-to-Person (P2P), Business-to-Business (B2B), Person-to-business (P2B), and government-to-person (G2P) payments. This low-cost, secure payment option enables millions of individuals to conduct diverse transactions effectively and efficiently.

“Digital innovation remains a cornerstone of Access Holding’s strategy to redefine banking. Leveraging digital solutions for financial inclusion, the institution has rolled out initiatives such as partnering with Remita for PayDay loans to over five million external customers. As a result, Access Holdings has become Africa’s Gateway to the World in the financial industry,” it stressed.

The Group’s expansion journey, it stressed, has been instrumental in establishing it as a major force in Africa and redefining the banking industry across the continent.
With branches in diverse African nations, including Angola, Botswana, Cameroon, Democratic Republic of Congo, Gambia, Ghana, Guinea, Kenya, Mozambique, Rwanda, Sierra Leone, South Africa, Tanzania, and Zambia, the benefits of the Group’s continuous expansion extend beyond its immediate operational success, it said.