TotalEnergies, InTouch, partners take open banking to service stations, rural areas
In view of the growing need for the integration of banks and other financial institutions with innovators and customers in the financial services space and the increasing adoption of Application Programming Interface (“API”) based integrations in the industry, TotalEnergies has partnered with organizations from different sectors of the economy to provide Touch Point, a robust financial solution that can be enjoyed in more than 385 stations nationwide with the plan to expand our footprint in the nearest future.
TotalEnergies Marketing Nigeria Plc is expanding its horizon through partnership with InTouch and other partners. The company has introduced a mobile payment financial-inclusion solution called Touch point.
This partnership is in furtherance of their effort to offer convenience to customers and live up to their commitment of being a one-stop service station where customers can access various goods and services across the country.
It is also aimed at taking banking solutions closer to the banked and unbanked populations in rural, sub-urban and urban communities nationwide, including Lagos, Abuja, Port Harcourt, Kano, and Kaduna. This initiative has already been rolled-out in over 385Totalenegies’ servicestations.
It offers five (5) service bouquets at the stations – Airtime, Data, Bills Payment, Cash Deposit and Cash Withdrawal among others.
“Touch Point” is convenient, with Mondays to Sundays, a 7-day accessibility to a variety of services and a brand name that is trusted.
TotalEnergies journey as a company has, over the years, evolved beyond a fuelling station. It its products nationwide also include natural gas, electricity, hydrogen, biomass, wind, and solar. to a solutions provider and hence, this value-added service offering.
Although financial inclusion has recorded growth over the years in Nigeria, there is still more to be done to reach the unbanked population as current spread of financial offers, still leave parts of the country uncovered. According to the Central Bank of Nigeria (CBN), only 51% have any form of interaction with financial services. The CBN has providing an enabling environment which allows for customer-focused innovative financial services, issued the Regulatory Framework for Open Banking in Nigeria.
Open banking is a banking practice that provides third-party financial service, open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions using Application Programming Interfaces (APIs).
