A Kano-based financial institution, KMC Microfinance Bank, yesterday launched a mobile banking application, Kayi App for financial transactions across the globe.
The app, which the bank described as a “super app”, is the first of its kind in the state and is aimed at providing financial inclusion for Small and Medium Scale Enterprises (SMEs).
According to the Product Lead of the bank, Abdulganiyyu Rufa’i, the app was developed using a block-chain cutting-edge technology that guarantees its security.
He said the app contains packages targeting diaspora and cross-border payments, adding, “That is why we have a multiple currency swap within the single app. We did not even stop at that, we also have a digital currency still on the same app.”
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Rufai also explained that the app was developed with user-friendly features that would ease transactions for customers.
Earlier, Chairman of the bank, Sa’ad Dantata said he decided to invest in the bank to give small scale business owners a chance to key into the modern banking system.
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