Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria

Mfonobong Nsehe -

Zenith Bank, Nigeria’s leading financial institution led by multimillionaire banker Jim Ovia, has partnered with Mastercard, the world’s second-largest payments technology company, to deepen financial inclusion in the country. The collaboration will see the launch of new payment solutions tailored to meet the diverse needs of various market segments.

The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit Card in West Africa. This move underscores Mastercard’s commitment to expanding access to high-quality, locally relevant financial services.

Zenith Bank pledges continued commitment to accessible finance for all

Ebenezer Onyeagwu, Zenith Bank’s outgoing group managing director and CEO, emphasized the bank’s dedication to delivering accessible and customized financial services across all customer segments.

Onyeagwu also highlighted the importance of the partnership with Mastercard in advancing financial inclusion and meeting the evolving needs of customers in Nigeria and beyond.

Zenith Bank: Empowering Africa’s rise with innovation and inclusion

Founded in 1990 by Jim Ovia, Nigeria’s richest banker, Zenith Bank has grown into a leading financial institution in Nigeria and Anglophone West Africa. Under Ovia’s leadership, Zenith Bank has expanded its operations to include Gambia, Ghana, Sierra Leone, the United Kingdom, UAE, and China, all while delivering value to shareholders.

Zenith Bank’s recent strategic partnership and investment in Niteon Inc. reinforce its commitment to spearheading innovation and transforming Africa’s export landscape.

By introducing these innovative payment solutions, Mastercard and Zenith Bank aim to reshape the financial landscape in Nigeria and West Africa, offering improved accessibility and premium services to a broader range of consumers. This partnership reflects a shared vision of progress, inclusivity, and excellence in financial service delivery.