Access Holdings

The Access Corporation is evolving from its established banking foundation to construct a global platform designed to foster growth for both individuals and businesses. This strategic direction involves operating through several distinct business verticals to maximize stakeholder value.

Key components include a consumer lending company delivering digital financial products to individuals and Small and Medium-sized Enterprises (SMEs), emphasizing speed, convenience, and value. Concurrently, its payment services arm, Payco, will manage domestic, regional, and international payment flows. Payco operates primarily as a business-to-business service, aiming to simplify and expedite payments, positioning itself as a significant fintech enabler on the continent.

Access Bank Group remains a foundational pillar, maintaining its focus on customer experience while serving a broad customer base in Nigeria and through 14 subsidiaries across Africa, Europe, and Asia. Furthermore, Access Insurance Brokerage is being established to offer brokering services, with a focus on sustaining businesses and protecting intergenerational wealth, reflecting the corporation's view of insurance as a vital tool for societal benefit.

This multi-faceted strategy enables The Access Corporation to develop secure, agile digital technology platforms and attract premier talent in an increasingly global marketplace. The corporation's revenue model is diversified, anticipated to draw from interest and fees in its consumer and SME lending operations, transaction and service fees from its payment services, income generated from its extensive banking activities, and commissions via its insurance brokerage arm. The entity also supports cultural initiatives such as the Access ART X Prize and the Africa International Film Festival (AFRIFF), underscoring a commitment that extends beyond its core financial operations.

Keywords: Digital Lending, SME Financing, Payment Solutions, Fintech Enablement, International Banking, Insurance Brokerage, Financial Platform, African Markets, Cross-border Transactions, Business Growth Services