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9PSB Partners with XCHANGEBOX to Provide Game-changing Payment Solutions for Customers
Lagos, October 26th, 2023 — 9 Payment Service Bank (9PSB), Nigeria’s foremost and innovative digital payment service bank focused on financial inclusion, has entered into a strategic partnership with XCHANGEBOX, a leading licensed Super-Agent service provider, to deliver agent banking solutions to rural, small, and medium-sized enterprises via their flagship product, PAYREP. The signing ceremony of the partnership took place at 9PSB head office in Victoria Island, Lagos. The collaboration is aimed at facilitating the co-creation of products that will help to revolutionize customers’ payment experiences in Nigeria, with the goal to further deepen financial inclusion and bridge the gap between the banked and the unbanked/underbanked. Through this partnership, the PAYREP Agency Platform will be used to provide tailor-made services to its Agents, SMEs, merchants, and customers. The Chief Executive Officer of 9 Payment Service Bank, Branka Mracajac reiterated the bank’s commitment to financial inclusion during the signing of the Memorandum of Understanding between the two companies. She said this strategic partnership, will further deepen payment solutions. With the partnership, 9PSB and XCHANGEBOX can now offer more financially inclusive products and services by leveraging on its agent networks to reach small and medium-scale enterprises (SMEs), merchants and customers. ‘’For us at 9PSB, financial Inclusion is a key social objective and we have always partner with various key stakeholders in keeping our mandate by providing easy access to financial services to the unbanked and underbanked in rural and semi-urban areas. With this very particular partnership with XCHANGEBOX, we aim to provide exceptional products that will improve and deepen access to financial services across every nook and cranny in the country. This we hope, will excite all Nigerians and SME owners, and address their needs.” Mracajac added. Meanwhile, the Chief Executive Officer of XCHANGEBOX who was represented at the MoU signing ceremony by the Co-founder/CCO, Abiola Jimoh, said the company undertook the partnership to drive payment solutions especially in Northern Nigeria where most of its operations are based. He noted that the partnership would enable financial inclusion through its wide range of agent networks to customers, SMEs, and merchants by jointly creating specific products that will meet the growing needs of customers using its flagship platform, PAYREP. He expressed optimism that the initiative would go a long way to address some of the specific challenges faced by agents and customers. —ENDS— About 9PSB 9PSB is Nigeria’s first Payment Service Bank operating under the approval of CBN to provide banking and financial inclusion services and initiatives for the underbanked, unbanked, as well as innovative services to individuals with bank accounts. The Company operates as a fully digital bank that runs its own agent banking network and offers seamless access to online & offline digital banking experiences that are most secure and trusted in sub-Saharan Africa. About XchangeBox Xchange Box Solutions Limited is fintech company that holds a Super-Agent license granted by the Central Bank of Nigeria. Our vision is centered on extending financial services through agent networks to SMEs in rural communities. PayRep by XchangeBox is our Agency Banking platform that manages an expansive agent banking network that extends throughout Nigeria.
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Breaking: Court Grants Sowore Bail With N200 Million And Two Sureties As Conditions
Justice Mohammed Umar of the Federal High Court Abuja has granted a N200 million Naira bail, and two sureties to the presidential candidate of the African Action Congress and Online Publisher, Omoyele Sowore.In a ruling, Justice Umar ordered that one of the Surety, must be a traditional ruler from sowore’s community and the other, must have a landed property in Abuja. The sureties must also be verified by the prosecution team. The court also ordered Sowore to deposit his international passport with deputy chief registrar of the court.He is to remain in custody till the bail conditions are met.
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Kwara effects minor cabinet reshuffle as Gov Abdulrazaq thanks affected appointees for selfless service
Kwara State Governor AbdulRahman AbdulRazaq has approved a minor cabinet shake up involving all Special Advisers, Advisers, Senior Special Assistants, and Special Assistants. The decision, which is meant to extend opportunities to more party members and inject fresh energy into the administration, also affected the Deputy Chief of Staff; and the Principal Private Secretary to the Governor. “His Excellency expresses his gratitude to all the appointees for their priceless service to the state. He wishes them the best in their future endeavours,” according to a statement early Monday. The Governor directs all the affected appointees to hand over all government’s properties in their custody to the Office of the Secretary to the State Government.
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Union Bank’s Endless Possibilities Campaign Wins Bronze at the 2026 Pitcher Awards
Union Bank of Nigeria’s Endless Possibilities campaign has won Bronze in the Heritage category at the 2026 Pitcher Awards, one of Africa’s foremost platforms for creative excellence. The campaign was also shortlisted in the Craft category for Film Craft, a recognition of the artistry and technical quality behind the work. These recognitions were awarded following adjudication alongside qualifying entries from across the African continent.The Heritage win carries a particular resonance. It recognises the bank’s ability to honour its rich heritage while maintaining relevance with contemporary audiences.For more than a century, Union Bank has been woven into the fabric of Nigeria’s economic and social progress, and Endless Possibilities continues that story rather than departing from it. Built to celebrate the ambition and resourcefulness of Nigerians who dream and create against the odds, the campaign mirrors the very qualities that have sustained the Bank across generations. To be honoured in a category defined by history, identity and cultural continuity, is to have that legacy recognised on a continental stage.Commenting on the award, Olufunmilola Aluko, Chief Brand and Marketing Officer at Union Bank of Nigeria, said: “We are honoured to be recognised at the 2026 Pitcher Awards for Endless Possibilities. This achievement reflects our commitment to telling authentic stories that resonate with the Nigerian spirit and reinforce our promise to support the dreams and progress of the communities we serve. We are equally proud of the Film Craft shortlist, which speaks to the talent and collaboration behind the work.”This recognition on the African stage, adds to Union Bank’s growing reputation for storytelling that is locally grounded and broadly resonant. As the Bank deepens its connections with audiences across the country and continent, it remains committed to work that inspires confidence, possibility and progress.About Union Bank of Nigeria Plc’s Established in 1917, Union Bank is a leading provider of financial services in Nigeria, renowned for its “Simpler, Smarter Banking” philosophy. With a nationwide network and a strong focus on digital innovation, Union Bank continues to empower individuals, businesses, and the public sector to achieve lasting success.The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria. The Bank offers a range of banking services to individual and corporate clients, including current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance. The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.More information can be found at: www.unionbankng.comMedia Enquiries: Olufisayo Adelekun+234 (0) 201 271 6800mediarelations@unionbankng.com
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