A Statement signed by its chairman, Saadina H. Dantata and
made available to our Correspondent on Friday indicated that the bank is also
not affected by the NIBBS Circular on Permissible Services and Products of PSSP
Operation in Nigeria, released on December 5, 2023.
The Statement added that: “Kayi is pleased to confirm that
it has a Tier 1 Microfinance Bank licence from the Central Bank of Nigeria,
which allows it to hold customer deposits and offer a full scope of banking
services to the public. Hence, Kayi is not affected by the circular.
“Additionally, Kayi is pleased to confirm 95% of NIBSS
integration and finalizing the total overhaul of its product and the subsequent
release of our world-class superapp, KayiApp to both the Google Play Store and
Apple App Store by the end of next week.
“Kayi remains committed to fulfilling its promise of banking
without limits to its esteemed customers.”
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