Kayi KMC Micro finance Bank opens headquarters in Kano

A financial institution, KAYI KMC micro finance bank has opened it cooperate headquarters in Kano with the aim of re-shaping financial transactions and access to financial services in the society.

The opening of the bank office in Kano came with a promise of better services for its customers.

The launch of the Kayi KMC Micro Finance application in Kano has marked a significant milestone in the financial technology sector. The innovative technology, designed to safeguard people’s deposits, is gaining momentum both locally and globally.

Speaking at the event, Chairman of KMC Kayi Bank, Saadina Dantata, said the “driving force behind the Micro Finance, emphasized the application’s core mission of protecting individuals’ savings. The wallet boasts robust security features, functioning as a second layer of protection. It seamlessly integrates with financial institutions worldwide, ensuring users’ financial security”.

Dantata highlighted the versatility of the application as enabling users to purchase items such as recharge cards, data plans, and pay electricity bills. Additionally, it provides a platform for trading in various financial assets, including silver and commodities. Notably, Kayi KMC has acquired a significant stake, owning 50 percent of the company.

The impact of the Kayi KMC Micro Finance application extends far beyond Nigeria, with users worldwide numbering a staggering 33 million and counting. The global community’s interest reflects the growing demand for secure and efficient financial technology solutions.

Emir of Kano, Aminu Ado Bayero and the Emir of Bichi, Nasiru Ado Bayero, spoke at the launch, expressing their belief that KMC Kayi would contribute to reducing crime rates and also develop the economy of the state.

The product lead for Kayi KMC, Abdulganiyu Rufai shared some insights into the application’s capabilities. He stated that Kayi KMC transcends conventional internet services, offering a broader spectrum of services, including insurance and healthcare. Furthermore, the application’s adaptability enables its operation in remote and underserved communities. The company’s ambitious goal is to extend its reach across the entire African continent, starting from Kano and expanding to four Northern states. Their vision includes making financial inclusion accessible to all Nigerians.

The Managing Director of BlooomData, Mr. Mark Williams, said he’s happy to be part of the vision as it will offer opportunity in
terms of provision of facilities that would be an empowering factor in
Kano.

He further stated Kano at the moment is the right place to introduce KMC Kayi.