Kano, Nigeria – The launch of the Kayi KMC Micro Finance application in Kano has marked a significant milestone in the financial technology sector. The innovative technology, designed to safeguard people’s deposits, is gaining momentum both locally and globally.
Speaking at the launch event, Saadina Dantata, the driving force behind Kayi KMC Micro Finance, emphasized the application’s core mission of protecting individuals’ savings. The wallet boasts robust security features, functioning as a second layer of protection. It seamlessly integrates with financial institutions worldwide, ensuring users’ financial security.
Dantata highlighted the versatility of the application, enabling users to purchase items such as recharge cards, data plans, and pay electricity bills. Additionally, it provides a platform for trading in various financial assets, including silver and commodities. Notably, Kayi KMC has acquired a significant stake, owning 50 percent of the company.
The impact of the Kayi KMC Micro Finance application extends far beyond Nigeria, with users worldwide numbering a staggering 33 million and counting. The global community’s interest reflects the growing demand for secure and efficient financial technology solutions.
Emir of Bichi, Nasiru Ado Bayero, spoke at the launch, expressing his belief that Kayi KMC would contribute to reducing crime rates. He recognized the necessity of such financial innovations, particularly in the context of current economic challenges.
Meanwhile, Emir of Kano, Aminu Ado Bayero, acknowledged the application’s potential to counteract financial decline and highlighted the remarkable successes achieved by the global economy. He emphasized the urgency of introducing such innovations in Kano and its surrounding regions, underscoring the significance of Kayi KMC’s efforts.
Abdulganiyu Rufai Yakubu, the product lead for Kayi KMC, shared insights into the application’s capabilities. He stated that Kayi KMC transcends conventional internet services, offering a broader spectrum of services, including insurance and healthcare. Furthermore, the application’s adaptability enables its operation in remote and underserved communities. The company’s ambitious goal is to extend its reach across the entire African continent, starting from Kano and expanding to four Northern states. Their vision includes making financial inclusion accessible to all Nigerians.
The launch of Kayi KMC Micro Finance has set a course for financial empowerment, security, and accessibility, not only for Kano but also for the broader Nigerian and African population.
A New Era in Financial Innovation Begins”
KMC-KAYI Bank stands as a trailblazing financial institution headquartered in Kano, Nigeria,
with a resolute mission to reshape the financial landscape through innovative and secure digital
banking solutions. This visionary digital bank is deeply committed to augmenting financial
accessibility, fortifying security, and embracing a customer-centric ethos.
During his inaugural address, the Managing Director of KMC-KAYI Bank articulated that the
bank signifies more than just a financial entity; it embodies a catalyst for change, a gateway to
empowerment, and an emblem of security, agility, and customer contentment.
Addressing the unique features of KMC-KAYI Bank, Abdulganiyu Rufai, the Product Lead,
expounded, “At KMC-KAYI Bank, we harness the formidable potentials of web3 technologies to
fashion a seamlessly secure financial ecosystem. Our integration with top-tier cybersecurity
solutions guarantees the safeguarding of financial transactions against potential threats.”
“In the contemporary world, characterized by relentless swiftness, speed is of paramount
importance. Our cutting-edge ML server architecture empowers us to facilitate lightning-fast
transactions, enabling you to send and receive money with unmatched speed and unwavering
reliability,” emphasized Dr. Rufai.
Furthermore, Alhaji Saadina Dantata, Chairman of KMC-KAYI Bank, elaborated, “KMC-KAYI
Bank is poised to redefine modern banking by offering a comprehensive array of services.
Ranging from stock investments and insurance to loan facilities and a savings structure with an
exceptional return on investment, we cater to all your financial requisites under one roof.”
Dantata further expounded, “Our journey commences with inclusivity, targeting the unbanked
and underbanked segments of society, thereby ensuring access to financial services that were
hitherto out of reach. We also extend our services to the diaspora community, proffering cuttingedge cross-border payment solutions and supplying contemporary banking solutions for urban
professionals.”
The official opening of KMC-KAYI Bank was graced by the presence of esteemed dignitaries,
including His Royal Highness, The Emir of Kano, Alhaji Aminu Bayero, OFR, SP, who delivered
a heartfelt address said that He wished KMC KAYI well and assurred them of his full support
and that of the Emirate .
His Royal Highness also said “I am very optimists it will contribute immensely to the economic
and social well being of our people” before officially inaugurating KMC-KAYI Bank.
Also in attendance was His Royal Highness Mai Martaba Sarkin Bichi, Alhaji Nasiru Ado Bayero,
and he showed his excitement about the KMC-KAYI Bank , he explained that this platform will
help the people in terms of running their business, receiving payments and also an avenue for
creating job opportunities to the Kano population.
Kano State Elder Statesman and legendary Businessman, Maigirma Alhaji Aminu Alhassan
Dantata who was represented by Alhaji Tajudeen Dantata mentioned that “This a great.development for the people of kano and Nigeria at large, he called on his fellow business ment o accept KMC KAYI”
Recall that last week in Abuja, the Minister of Communications, Innovation and Digital Economy,
Dr. Bosun Tijani unveiled the Kayi App, promoted by KMC-KAYI Bank, which envisions a future where finance is not just accessible but also transformational.
The Kayi App is committed to enhancing financial inclusion through a customer-centric approach. Local agents are onboarding customers, promoting transactions, and boosting financial literacy. Next up: the launch of our efficient web app, followed by the mobile app release for an enhanced customer experience.
