The Alternative Bank, TotalEnergies to launch ‘Bank in a Box’
The Alternative Bank and TotalEnergies have partnered to bring vital banking services directly to underserved communities nationwide through their pioneering Branch in a Box initiative.
A recent statement from the partners said that those mini-branches would be strategically located within select TotalEnergies stations across the country, to offer enhanced accessibility and convenience for customers seeking essential financial services.
Commenting on the initiative, the Director of Products & Innovation at The Alternative Bank, Mohammed Yunusa, described the initiative as innovative and timely
He noted, “The Branch in a Box provides convenient, accessible banking services within trusted and familiar locations, staffed with well-trained customer service personnel to assist everyone.”
According to Yunusa, the Branch in a Box functions like traditional branches, offering a comprehensive range of banking services, including account opening, cash withdrawal and deposit, fund transfers, card pick-up, access to interest-free credit, and more.
The first batch of Branch in Box locations include TotalEnergies stations in Ojuelegba, Yaba, Fadeyi, Oshodi, and Ojota Lagos, with a nationwide rollout scheduled in the coming weeks, he stated.
General Manager at TotalEnergies, Abdullahi Umar, added, “We are committed to providing our customers with exceptional service and convenience.
So, partnering with The Alternative Bank allows us to enhance our offering of a truly integrated experience to our customers and communities.”
According to the EFInA Access to Finance Survey, formal financial inclusion in Nigeria has grown significantly from 56 per cent in 2020 to 64 per cent in 2023.
