Nigeria Pushes for Financial Inclusion with Central Bank Releasing Payment Service Bank (PSB) License:

With a single Platform, VERICASH enables Payment Service Bank (PSB) to host and operate various accounts starting with mobile money accounts for a wide base of consumers under financial inclusion, up to Micro-saving accounts and even for higher segments supporting future plans for hosting complete functioning bank saving accounts and debit cards.VERICASH platform also offer various financial services customized to different segments of customer bases on multiple digital channels, directly to consumers or through agent/merchant networks. To offer a full PSB functions, VERICASH platform includes the following essential components: Consumer Digital Framework, Agent Digital Framework to unlock and manage access through all possible digital channels for consumers and agents as well as providing a robust agency management and monitoring tools, Real-Time Service Management Platform for building and managing all current and future digital services, Accounting System and Accounting Adapters for accessing all types of PSB supported accounts, Dynamic Integration framework for enabling seamless integration to various 3^rd party accounting system and digital service providers and finally Monitoring and Reporting System functioning across the system for best understanding of PSB operations and for supporting management decisions.