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NEWS

Penpay Partners Quickteller to Provide Informal Sector Workers Access to Retirement Savings Plans

October 27, 2023 • 1 min read

Penpay, the Awabah product aimed at building the largest distribution network for financial services in Africa, has announced its partnership with Quickteller, the leading consumer digital payments platform, powered by Interswitch.

Penpay in a statement said the collaboration aimed to provide informal sector workers with access to structured retirement savings plans through Quickteller.

With PenPay now available at ATMs nationwide, millions of Nigerians will have the opportunity to secure their financial future.

Commenting on this partnership, Growth Manager at PENPAY, Oluwaseun Adekanmbi, stated: “We are thrilled to join forces with Interswitch to empower the informal sector workers across Nigeria.

“Through this collaboration, we will ensure that everyone, regardless of their employment type, can access retirement savings and plan for their financial future. This is a significant step towards achieving our mission of fostering financial inclusivity in Africa.”

Also commenting on the partnership, the Insight and Growth Specialist, Corporate Ecosystems at Interswitch, Omoniyi David-Mosaku, said: “This partnership with PenPay will further boost our sustained efforts to deepen financial inclusion across Nigeria and beyond. We are excited about this partnership with PenPay, a powerful step towards empowering informal sector workers with a secure path to retirement.”