• Latest
  • Trending
  • All
  • LATEST NEWS
  • SPONSORED POSTS
  • BANKING
  • Cryptocurrency
  • Job Past Questions
  • PRICE WATCH
  • VIEW POINT
  • ECONOMY
  • Careers
  • Press Release
  • Breaking News
  • education news
  • Personal Finance
  • Networth
CEO of Access Bank Plc Herbert Wigwe

Access Bank Prepares to Expand into Europe and the US

May 11, 2023
U.S. President Joe Biden signs an executive order, in Washington

President Biden Appoints Two Nigerian-American Experts as Special Advisers

September 28, 2023
Meta AI Chatbot

Mark Zuckerberg Unveils Meta AI Chatbot, a Rival to OpenAI’s ChatGPT

September 28, 2023
Food Prices

Food Prices Soar by 31% in Nigeria with Ebonyi and Abia States Leading, Reports NBS

September 28, 2023
binance announcement

Binance Directs European Users to Convert Euros to USDT Following Paysafe’s Termination of Services

September 28, 2023
Arbitrum Ethereum Layer 2 Scaling Solution to Launch This Month

US Set to Welcome Ethereum Futures ETFs Trading Next Week, Bloomberg Analyst Predicts

September 28, 2023
Bitget study shows that 46% of millennials in the world's largest economies own crypto

Analyst Predicts Bitcoin Price Hike to $30K in October as Currency Sees 2% Uptick

September 28, 2023
Cooking Gas Prices in Nigeria: Skyrocketing to New Heights?

Rising Cooking Gas Prices Spark Concern: NALPGAM Calls for Federal Intervention

September 28, 2023
KPMG Nigeria sees significant growth in mobile banking

E-Banking Fees Surge to N154 Billion in First Half of 2023 Amid Growing Adoption

September 28, 2023
Okeodo Market

Lagos State Government Closes Okeodo Market Due to Environmental Violations

September 28, 2023
Nigerian Stock Trades Tumble to Four-Month Low Amid Market Uncertainties

Nigerian Stock Trades Tumble to Four-Month Low Amid Market Uncertainties

September 28, 2023
Nigeria Secures $1.95bn in World Bank Loans Amidst Rising Debt Concerns

Nigeria Secures $1.95bn in World Bank Loans Amidst Rising Debt Concerns

September 28, 2023
CBN Urges Fintech, Banks to Collaborate to reduce Cost of Transaction

Nigerian Fintech Sector Experiences Talent Surge Amidst Explosive Growth

September 28, 2023
  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise
Friday, September 29, 2023
  • Login
Financial Watch
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
Financial Watch
No Result
View All Result
Home BANKING

Access Bank Prepares to Expand into Europe and the US

by Tosan Olajide
May 11, 2023
in BANKING
0
CEO of Access Bank Plc Herbert Wigwe

CEO of Access Bank Plc Herbert Wigwe

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

News Summary:

  • Access Bank Plc, the banking arm of Access Holdings Plc, plans to expand into Europe and the US within the next five years.
  • The expansion aligns with the bank’s strategy to support trade in at least 26 countries by 2027, including the UK, France, and the US.
  • Wigwe also highlighted the rise of cryptocurrencies, noting that Access Bank’s own digital currency, Access Coin, aims to enhance financial inclusion.

According to Access Holdings Plc’s Group Managing Director, Mr. Herbert Wigwe, the company’s banking arm, Access Bank Plc, intends to expand its operations to Europe and the US over the next five years.

This is consistent with Access Bank’s five-year strategy document, which states that by the end of 2027, the bank hopes to support trade in at least 26 countries, including at least three OECD nations (the United Kingdom, France, and the United States of America).

Mr. Wigwe stated in an interview with CNN’s Zain Asher on Marketplace Africa that the organisation’s expansion objective was to make sure the business became “Africa’s gateway to the world.”

“I think that over the next couple of years, you would see a lot of expansion across the continent, but I think beyond that, you would see us do a bit more in Europe, and perhaps before the end of the next five years, the corporate strategic plan would have put our flags in the US,” he said on the programme.

In his predictions for the banking industry, he emphasised the rise of cryptocurrencies and Nigeria’s efforts to control the market.

It’s really intriguing and highly regulated in the context of Nigeria because the regulators are working to ensure that they have a better understanding of what is happening with regard to cryptocurrencies. […] The Access coin, for example, would be based on that, and its goal is to enhance financial inclusion, he said.

Recall that Access Bank was purchased by Mr. Wigwe and his business partner, Mr. Aigboje Aig-Imoukhuede, in 2002.

The banker noted that since the time, “the consumer has changed in terms of demographics because it has changed in terms of their own needs,” adding that “the banking landscape has changed since the period.”

“In 2002, people would take a lot of cash. The majority of those items, services, or transactions that previously required cash are now carried out using cards. Additionally, we have observed the current trend towards more digital means. And it goes without saying that we are now discussing cryptos. There have been significant modifications since 2002.

According to Mr. Wigwe, the potential of African entrepreneurs has been unleashed as more and more unicorns (startups valued at over $1 billion) are being founded across the continent.

“I believe there is still a lot more that might occur. In South Africa and Kenya, there are excellent people working hard, and more and more will be born. And the fact that people are starting to recognise that intelligence, talent, and technological abilities exist here is what makes some of us pleased. It’s neither an American nor a European thing, he said.

Tags: Access Bank
Share196Tweet123
Previous Post

March 2023 Sees 71.7% Surge in Passenger Traffic for African Airlines

Next Post

NBC Recruitment 2023: How to Apply for Nigerian Broadcasting Commission jobs

Tosan Olajide

Tosan Olajide

Next Post
NBC Recruitment 2023: How to Apply for Nigerian Broadcasting Commission jobs

NBC Recruitment 2023: How to Apply for Nigerian Broadcasting Commission jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FRSC recruitment

Federal Road Safety Corps Salary Structure – See How FRSC Pay Workers

September 22, 2021
FRSC insists it has statutory powers to arrest traffic offenders impound vehicles

FRSC News 2021 – See Today’s Recruitment 10 latest Updates

September 11, 2021
The Nigerian Army DSSC SSC Recruitment Portal

Current Salary of Nigerian Army Officers: See Full Details (2021)

September 11, 2021
CBN AGSMEIS Loan Form 2020/2021: How To Apply Without Collateral

CBN Loan application Form 2021: How To Apply for Collateral free loan

August 17, 2021
Regulatory preasure forces Binance to suspend Euro deposits

Binance Makes Its Way into Dollar Indexes as BNB price Drops 10% in One Week

July 20, 2021
How buy 2019 JAMB 2019 UTME form/ registration PIN online

UTME result: How to Check JAMB Result 2022 – Jamb Result Checker

1333
JAMB Result checker 2020 out | www jamb org ng result checker

Utme 2021: Check JAMB Results Using JAMB Registration Number

1146
List of JAMB Approved CBT Centres In Abia State 2020/2021 | Abia State Jamb Cbt Centres

Jamb Portal 2021: How to check Jamb Results – jamb.org.ng/efacility

523
P Yes registration

www.p-yes.gov.ng – Register For P-YES Progeamme Portal – Apply Now

436
Breaking: JAMB releases more 15,490 UTME results

JAMB Results 2021 Online Checking Steps | www.jamb.org.ng Result

316
U.S. President Joe Biden signs an executive order, in Washington

President Biden Appoints Two Nigerian-American Experts as Special Advisers

September 28, 2023
Meta AI Chatbot

Mark Zuckerberg Unveils Meta AI Chatbot, a Rival to OpenAI’s ChatGPT

September 28, 2023
Food Prices

Food Prices Soar by 31% in Nigeria with Ebonyi and Abia States Leading, Reports NBS

September 28, 2023
binance announcement

Binance Directs European Users to Convert Euros to USDT Following Paysafe’s Termination of Services

September 28, 2023
Arbitrum Ethereum Layer 2 Scaling Solution to Launch This Month

US Set to Welcome Ethereum Futures ETFs Trading Next Week, Bloomberg Analyst Predicts

September 28, 2023
Financial Watch

Copyright © 2023 Financial Watch.

Navigate Site

  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise

Follow Us

No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH

Copyright © 2023 Financial Watch.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In