Everyone is talking about one bank. Individuals, industries, firms, hospitals, schools, etc., are talking about Mintyn Digital Bank. Mintyn Digital Bank is a subsidiary of Finex Micro-finance Bank. Mintyn Digital Bank is changing banking business in Nigeria forever. With one app, you can transfer money anywhere; you can top up your phone; you can pay back loans; set up recurring payments and do much more. The long queues peculiar to conventional banks are a thing of the past. You do not need any paper trail to open an account with MDB. All you need is a device and an internet connection.
It is always said that if you want to waste precious time, just go to the branches of any traditional bank in Nigeria. That statement is not true with Mintyn Digital Bank. We offer unparalleled financial services that promote economic growth to customers, especially at this time when many organizations are struggling to provide reliable and efficient digital services and experiences to their clients.
Mintyn Digital Bank has developed a class-art digital banking application that puts banking in the palms of its customers. This digital banking application is so efficient that it creates an enabling environment to eliminate all the risks associated with conventional banks in Nigeria. It can be recalled that at the 19th edition of the National Seminar on Banking and Allied Matters for Judges, organized by the Chartered Institute of Bankers of Nigeria (CIBN), the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, asserted that “Digital finance can deliver enormous benefits, not just for the payments system but also for the financial well-being and economic growth of the citizens at large.
Benefits of Digital Banks to Economic Growth
It improves competition, increases efficiency and revolutionizes financial services. “This forecast is fast turning out to be true with the introduction of such innovations as Mintyn Digital Bank. Which, as stated above, allows customers to open an account without paperwork, transfer money, request money from Mintyn customers, pay bills, top up phone calling cards, fund virtual cards, set up recurring payments, and pay back loans. All this can be done through the bank’s mobile application, avoiding both queues and bank charges. Banking in Nigeria cannot get better than this.
What Mintyn Digital Bank Does for You
Mintyn Digital Bank, as the leading digital bank in Nigeria, guarantees customers the following services:
1. With Mintyn Digital Bank, you can open any kind of account of your choice.
2. Low or no charges for services. With Mintyn Digital Bank, the customer is king and totally in charge. There are no hidden or surprise charges.
3. An enabling environment to earn up to 15% interest on savings as well as goal-related savings.
4. With the MyMintynApp – web, iOS and Android – you can track your funds, whether inflow or outflow.
5. You block your cards or account in the event of theft or suspected theft without calling the bank’s customer service agents.
6. You can also monitor your spending.
7. Mintyn Digital Bank provides financial services to mostly the economically active people who are more or less neglected by the traditional banks.
Small-Scale and Medium-sized Businesses in Nigeria
In an underdeveloped or developing country like Nigeria, there are multifarious socio-economic factors hampering sustainable development. Notwithstanding countless interventions and various economic policies/strategies. However, SMEs, if efficiently managed, have been identified as being beneficial in alleviating poverty through wealth and job creation. This sector or branch of the economy can be beneficial to any government that desires economic growth. It has the capacity to grow a country’s GDP, generate taxes and other revenue, and assist in bringing economic stability to a country.
The corporate world can also gain from the specialised goods and services of SMEs and the healthy market competitiveness it promotes. This is a golden opportunity for a strong private-sector-driven economy, with entrepreneurs springing up. In Nigeria, the strangulating and prevailing economic and political conditions have not given room for SMEs to thrive, as evidenced in the challenges they are currently facing in the country. Despite these challenges, SMEs are associated with immense benefits which can be harnessed to better the Nigerian economy.
The Role of the Government
It is true that governments of third-world countries are mostly overwhelmed by the pressure to implement policies on trade and investments bordering on SMEs. It is important we agree that the alleviation of poverty must begin from the grassroots. People in the brackets of “the grassroots” are the flesh and blood of all SMEs anywhere in the world. Hence, every government of every nation must ensure that these businesses flourish because they are the very businesses that provide a boost to the economy. The Nigerian situation is a perfect example of an economy with so much potential but, in truth, lacking the necessary implementations and directions. The facilitators and stakeholders of Nigeria’s SME sector are either frustrated by government policies, corruption and, sometimes, total abandonment.
However, it is not all gloom and doom. Mintyn Digital Bank is offering to right all wrongs, and SME businesses are our target beneficiaries in Nigeria. Mintyn Digital Bank offers values for individuals and businesses. This is unprecedented, and there is not an iota of doubt that MDB has come to stay. At the moment, Mintyn Digital Bank is leading the way in ensuring that she participates actively in Nigeria’s sustainable economic development by helping and bailing out businesses. We help SMEs fast-track their registration process with the Corporate Affairs Commission of Nigeria. We are providing tangible, effective solutions to the challenges faced by SMEs. Just in minutes, an account with the best digital bank in Nigeria can be opened.
What Mintynyn Digital Bank Means to a Small and Medium-Sized Business Person in Nigeria
As a small-scale or medium-sized business owner in Nigeria, having a Mintyn account is like getting your driver’s licence for the first time. We will guide you every step of the way so that you do not have to run your business in solo mode. Financial wilderness is not something anyone wishes for. You need a bank to help you scale the hurdles which are guaranteed as far as SMEs are concerned. Below are the benefits of the Mintyn Digital Bank to SME businesses in Nigeria:
- Mintyn Digital Bank provides free financial consultancy to business people in Nigeria. With us, businesses can get professional advice on trends in the economy.
- Mintyn Bank provides favourable deposit and withdrawal limits.
- Fast discharge of business transactions. Banking can be done with the speed of light.
- We provide financial services at no or hidden charge.
- By saving with us, you can earn as much as 15% interest on your savings.
- Mintyn Digital Bank is open for loans as long as the recipient is credit-worthy.
- With a Mintyn account, a business person can monitor or track his/her financial progress or decline.
- With Mintyn Digital Bank, business have the options of opening savings accounts, current accounts, goal-related savings accounts, pay quick and/or recurring bills, etc.
Conclusion
There is no doubt that banking in Nigeria has been taken to a whole new level. Mintyn Digital Bank is setting the pace, and it is no surprise that small-scale and medium-sized businesses are on the map of the upward run. This is one of the major reasons Nigeria’s economy is the fastest-growing economy in Sub-Saharan Africa. The large chunk of businesses in Nigeria are under the umbrella of small-scale or medium-sized businesses. Hence, these businesses are the heartbeat of Nigeria’s economy.
By providing loans or bailouts, financial consultancy and other financial services to SME businesses, Mintyn Bank is helping to drive Nigeria’s economy to greater heights. By providing innovative solutions to individuals and businesses, Mintyn Digital Bank is announcing herself as a go-to bank. The signs are as clear as a shallow stream that it can only get better and better. Who could have thought banking could be this easy a few years ago? Who could have imagined that there would come a time when businesses and individuals would be happy to do their banking just by a click without stepping into any banking hall?
The possibilities of digital banking in Nigeria are limitless, and it can only get better. As Nigeria and the world at large are struggling to return to normalcy, banking convenience and a palatable experience are hardly a luxury. Customers have never had so much fun banking. They have never had this much control over their finances. Mintyn Digital Bank is opening up a whole new vista and taking everyone by the hand to a world of banking like never before. It is now possible to bank anywhere and track your money activities wherever you are.
