Vbank Targets MSMEs With Introduction of New Product

Vbank, your next-generation bank on simple and streamlined virtual banking experience has introduced a new product line aimed at supporting micro, small and medium enterprises, MSMEs operating in the country.

The new product line V bank is offering is the Corporate Salary Account, CSA, designed for start-up companies and SMEs with a staff strength as little as 5 staff to companies with more than 1000 staff members.

Explaining the benefits of the new  Corporate Salary Account in a statement, Vbank revealed as Integration of enterprise software for HR management and salary administration; Enhanced productivity as staff will not be required to deal with the distraction of going to the banking hall; Enhanced staff welfare due to the wide array of products and offerings including salary advance and other ecosystem offerings.

Others include The bank’s flexible disposition to offer customer/tailor-made products and services offerings as is specifically required by the employer; Salary payment advance to help manage or free employer cashflow and Customized reports of salary payments made to staff as needed or requested by staff.

Vbank is powered by VFD Microfinance Bank, a subsidiary of VFD Group. Since the App was launched in Q4 2019, a major milestone like the addition of over 140,000 subscriptions on the bank platform has been recorded. Of course, the App is ranked No. 1 in digital financial services on the iOS App store based on customer satisfaction.

Also, the bank offerings are diverse and simplified for great customer experience which allowed anyone to open a V account in 2 minutes on a mobile device using a BVN, phone number, and zero paperwork.

For more information on startup and business funding, or to complete a funding application, please visit our website.

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1 comment

  1. Juan Mustard says:

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