Diamond Bank, in collaboration with ICT company, MTN and global nonprofit; Women’s World Banking, is unveiling the next phase of the Diamond Y’ello account through an innovative partnership aimed at deepening the financial inclusion of women in Nigeria.
With support from the Bill & Melinda Gates Foundation, this partnership seeks to build understanding of what it takes to make digital financial services work for low-income women. The Diamond Y’ello account will be developed as a global model for expanding women’s access to and usage of digital financial services through simplified steps in account opening and banking transactions, using mobile phones.
Diamond Bank’s CEO, Uzoma Dozie, stated that the Bank is very passionate about the financial wellbeing of women, noting that the strategic focus of this project is to enhance the financial lifestyle of women by providing convenient mobile banking services.
“Diamond Y’ello is an account you open without the documentation and other rigours associated with traditional accounts. We are aware that the future of financial inclusion is digital, and we aim to use this product to bring banking to everyone no matter your income, where you live or the type of mobile handset you are using,” Dozie said.
Diamond Y’ello, first launched in Nigeria …read more