Nigerian tech company AppZone says its cloud infrastructure for financial institutions, BankOne, has automated salary payments for Micro Finance Banks (MFBs) customers.
With this automation, AppZone says MFB customers will now receive their salaries directly into their respective MFB accounts just as it operates in any commercial bank in Nigeria.
According to AppZone, this automation is made possible because BankOne is fully integrated to process such transactions to hit respective customers directly via NIBSS, AutoPay, CorporatePay and Remita.
The BankOne platform which is built for the African environment, is deployed centrally as a shared service on secure cloud infrastructure to manage operations and enable alternative service delivery channels for small retail Banks and Microfinance institutions, AppZone explains.
BankOne provides its financial institution customers with a core banking solution and an electronic financial transaction platform in partnership with electronic payment providers, AppZone says.