TotalEnergies, InTouch, Partners take open Banking to Service Stations, Rural Areas

TotalEnergies Marketing Nigeria Plc in conjunction with InTouch and other partners, have deployed “Touch Point” to over 385 stations. Touch point is a mobile payment financial-inclusion solution which TotalEnergies offers to capture banked and unbanked population in rural, sub-urban and urban communities nationwide including Lagos, Abuja, Port Harcourt, Kano and Kaduna.

There are currently five (5) service bouquets being offered at the stations – Airtime, Data, Bills Payment, Cash Deposit and Withdrawal.

TotalEnergies journey as a company over the years evolves beyond a fuelling station to a solution provider including this value-added service which it is offering to its numerous customers.  This partnership is in furtherance to the company’s efforts to offer convenience to its teeming customers and live up to its commitment of being a one-stop service station where customers can access various goods and services across the country.

“Touch Point” offers TotalEnergies customers’ convenience with a 7-day accessibility to a variety of services and a brand name that is trusted.

In view of growing needs for the integration of banks and other financial institutions with innovation and customers in financial services space and increasing adoption of Application Programming Interface (“API”) based integrations in the industry.

TotalEnergies has partnered with organisations from different sectors of the economy to provide Touch Point, a robust financial solution that can be enjoyed in more than 385 stations nationwide with the plan to expand its footprint in the nearest future.

Although financial inclusion has recorded growth over the years in Nigeria, there is still more to be done to reach the unbanked population as current spread of financial offers still leaves parts of the country uncovered. According to the Central Bank of Nigeria (CBN), only 51% have any form of interaction with financial services. The CBN to provide an enabling environment which allows for customer-focused innovative financial services, issued regulatory framework for open banking in Nigeria. Open banking is a practice that provides third-party financial service, open access to consumer banking, transaction and other financial data from banks and non-bank financial institutions using Application Programming Interfaces (APIs).

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