Naira redesign: Hope PSBank embarks on community inclusion initiative

In furtherance of its commitment to support the Central Bank of Nigeria’s Naira redesign policy, Hope PSBank, Nigeria’s digital bank and a Unified Payment Services Limited subsidiary, has commenced a community inclusion initiative.

Ogechi Altraide, director of the bank, who spoke at a press conference in Lagos, said that the initiative is targeted at promoting a cashless economy and ensuring that Nigerians, particularly the unbanked, perform transactions through electronic channels across the country.

She disclosed that the initiative would enable Nigerians to open Hope Wallet from their phones by simply dialling *569*9#. The wallet holders can deposit their cash into the wallet at any agency banking outlet in different communities across the country.

She further stated that the bank has offered to give everyone N500 cash incentive for opening the wallet, saying that all transactions can be performed using their phone numbers.

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“Hope PSBank is giving N500 to everyone that opens the Hope Wallet. The phone number is the wallet, account number, and ATM card. The phone number can be used to transfer money, make payments and withdrawals at PoS, ATM and Web”, she said.

Also speaking, Cletus Igah, group head, corporate services, Hope PSBank, stated that the initiative is designed to accommodate all Nigerians by ensuring that they can perform any transaction without any hindrance using their digital wallet.

According to Igah, the company remains committed to supporting Nigerians to leverage digital financial services for inclusion, irrespective of their socioeconomic status.

He said that with the digital wallet, individuals and businesses can now access valuable and affordable financial products and services that meet their needs – transactions, payments, savings and – delivered responsibly and sustainably, especially in rural areas.

He urged all Nigerians to inform their family and friends to take advantage of the initiative and the seamless account opening process. He urged Nigerians to dial *569*9# to open a Hope Wallet account and receive a welcome bonus of N500, deposit money at any agency outlet nationwide bearing in mind that your phone number is also your account number.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.