Heritage Bank committed to innovative banking services

[vc_row][vc_column][vc_column_text]Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider; has said it is committed to innovative banking services through its transparent MasterCard. Head of Corporate Communications of the bank, Mr. Fela Ibidapo disclosed this in a statement over the weekend, remarking that; that is the philosophy behind the bank’s e-payment offerings. According to him, there is more to e-payment than Nigerian banking customers are currently enjoying, adding that they are determined to take Nigerians to new heights of e-payment services that deliver unparalleled convenience and security through the Heritage Bank Transparent MasterCard which is available to new and existing customers of the bank.
He said to own a Heritage Bank Transparent MasterCard is easy as the card comes with no additional cost beyond the cost of applying for the average MasterCard. He observed that there was a huge difference between the current growth in volume of e-payment in the country and the potentials available, if the number of unbanked Nigerians with access to mobile telephone services is anything to go by.

According to him, while the volume of e-payment in Nigeria grew from N18.1trillion in 2012 to N35.1trillion in 2014 with transaction through Point of Sale (POS) also increasing from N48 billion in 2013 to N312 billion in 2014, the growth has not mirrored the huge population of mobile phone users in the country which currently stands at more than 105 million while about 60 million Nigerians who do not have bank accounts, have phones. He also said that innovation was inevitable in the banking industry due to changes in dynamics across the globe which has penetrated the Nigerian banking industry and that these changes are driven by forces of globalization, self-service mobile devices and regulation. He said the impact of these changes on the Nigerian banking landscape has reflected in the sharp increase in the growth of electronic payment services between 2012 and 2014 in the country, remarking that e-payment is now a commodity and innovative e-payment is the way to go. He said Heritage Bank has always been driven on the path of continuous innovation, having been the first to transform the interior of banking halls in addition to being the first financial institution to set out deposit machines in all its branches nationwide.


The head of corporate communication also observed that Heritage Bank was also the first to launch the first real transparent MasterCard in Nigeria as well as transform small and medium scale enterprise (SME) banking approach. The Heritage Bank Transparent MasterCard distinguishes its customers. It gives them the prestige and excitement of being part of innovation which is what the card represents. The youths, as well as adults, will find it very attractive. Ibidapo said Heritage Bank is the bank of the future because its style is quite different and it caters for everyone, whether young or old.[/vc_column_text][/vc_column][/vc_row]

Akinola George-Taylor, Managing Director of Heritage Bank Plc, and his Team, paid courtesy visit yesterday to the Governor of Lagos, Babajide Olusola Sanwo-Olu, at the State House, Alausa yesterday.

The Managing Director of Heritage Bank, Akinola George-Taylor has disclosed that the bank would continue to increase the wallet of its business transactions with Lagos state government.  

He gave this assurance yesterday when he led a team of the bank on a courtesy visit to the Governor, Babajide Sanwo-Olu at the government house, Alausa, Ikeja.

George-Taylor commended Sanwo-Olu’s administration, whilst aligning with the great works in Lagos State.

“We are here to introduce ourselves as the new management of the Heritage Bank and being that we have had a relationship with the state (Lagos) for a number of years now, we felt it was necessary to come and present ourselves to the Governor; to say thanks for the business that we enjoyed with the government and that we align and commend the great work he is doing for Lagos State.

“And of course, as bankers, we want to try and increase our own size of the wallet of the business that we do with the government and to extend our best wishes to him and his government. It was a courtesy call to say thank you and wish him well in the next coming elections,” he said.

Speaking earlier, the Governor, Sanwo-Olu said his administration was poised to do more as it continued to play its roles in providing an enabling environment, improving the ease of doing business and being forward-looking in its dealings with financial institutions.

The governor also said that his administration will continue to ensure a mutually beneficial relationship with financial institutions in the State.

He said: “Lagos is the Centre of Excellence and the commercial, economic nerve centre, so we cannot but ensure that we have a very forward-looking mutually beneficial relationship with all of our financial institutions and of course, Heritage Bank is not an exception.

“I want to implore you and your team to be intentional and think something fresh; think something different that can indeed stimulate us. You can rest assured that we know how important it is to spread our businesses and to ensure that everybody gets a part of it knowing that you and your staff will also have a corporate responsibility on the Personal Income Tax component. It is expected that we will continue to play our roles and play our parts.”

Governor Sanwo-Olu congratulated the Managing Director and his new team on the huge and great responsibilities that shareholders and other stakeholders in Heritage Bank have reposed in them,” he said.