Parallex Bank Debuts As Nigeria’s Latest Commercial Bank

Parallex Bank, one of the latest microfinance bank to transit to a commercial bank, has promised limitless banking services using technology as an enabler.

This is contained in a statement signed by Mr Chinonso Ihekire and made available to the News Agency of Nigeria (NAN) on Thursday in Lagos.

According to the statement, Parallex Bank has set out with a mission to redefine the banking landscape in Nigeria, and Africa by extension.

Speaking at the debut of the bank in Lagos, Dr. Adeola Phillips, its chairman, said it was delving into the commercial banking space, to drive consumer-centric innovation that would propel the banking industry to greater heights.

Phillips said that the bank would drive convenient and efficient commerce through its digital platforms, to enhance flexible transaction.

“We see our coming to the market as an opportunity to empower the banking public and to drive convenient and efficient commerce through our digital platforms.

“This will undoubtedly position us further to meet the needs of modern banking customers.

“Parallex Bank Limited will disrupt the market and delight customers with very attractive offers.

“Most transactions on Parallex mobile app are free, but beyond that, customers will have the freedom to do much more with the app.

“Our platform will eliminate inconveniences and hardship often faced by customers while paying for goods and services,” Philips said.

In his remarks, the Managing Director of Parallex Bank, Mr Olufemi Bakre, said that the bank promises to be an enabler of limitless banking.

According to Bakre, the vision of the bank is to be the preferred financial solution provider redefining customer experience through innovation.

He assured customers of excellent banking products and services, adding that the bank’s unique value propositions include ensuring convenience – via instant account openings and internet-enabled ‘contactless’ banking.

NAN reports that the bank was first established as a Microfinance Bank in 2008 and obtained the licence to operate as a commercial bank in January 2021. (NAN)

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG