LendTech

Access Bank unveils USSD code to ease PayDay Loan Transactions

Access Bank Plc has launched a special USSD code to provide quicker and instant access to loans for its customers.

In a statement made available to Vanguard, the bank said the USSD code is a strategic  tool for the recently-launched PayDay Loan product  by the bank.

Unveiled in partnership with Remita, PayDay Loan requires no collateral or guarantor, enabling customers to obtain loans instantly without visiting the bank – thereby enabling customers to meet their urgent financial needs before receiving their salaries.

In a statement released by the Bank,  Executive Director, Personal Banking, Victor Etuokwu said, “Acquiring loans in Nigeria has always been known to be limiting – either due to access, collateral issues, including the duration of the approval process.  With our obligations to our customers especially during difficult economic periods, we are emphasizing  Access Bank’s position in offering  lifestyle products and services that  meets their financial needs.”