Telecom
Earnipay Restates Bold Ambitions for the Financial Wellbeing of Salary Earners Across Nigeria
Against the backdrop that salaried employees often run out of money between paydays or are in a fix when the money they have can’t take care of pressing needs and bill payments, earned wage access and financial service provider, Earnipay, has doubled down on its bold moves to drive employee wellness through its innovative and flexible on-demand access to earned salaries and the new addition of financial education product; MINT and savings opportunities.
L-R: Adedotun Adegbite, Marketing and Comms Manager, Busayo-Onome Oyetunji, Chief Operating Officer, Nonso Onwuzulike, Chief executive Officer, Chioma Nwandiko, Product Manager, Joshua Ajayi, Chief Technology officer, all from Earnipay, during an interaction with journalists in Lagos on Wednesday.
Given that most employees when hamstrung financially resort to either borrowing, taking a loan, or requesting a salary advance and the attendant challenges that go with these problem-creating options that include exploitative interest rates, embarrassment from loan sharks and predatory payday lenders or going down the rabbit hole of further debts, and a plummeting of salary advance schemes, Earnipay enables employers to offer employees access to their earned salaries instantly at any time without making changes to their existing payment process nor any cost whatsoever.
For as low as 250 naira only, Employees are able withdraw up to 50% of their daily earned salary or as accrued at the time of access, at any time of the month and at no interest to them.
Addressing a news conference on the giant strides made by the organization, Earnipay founder and CEO, Nonso Onwuzulike said, we are ensuring salary earners have a better control of their finances by developing a network of tools and an ecosystem that enables them to reduce the time to access money, and make better decisions on how they spend, save and invest. With Earnipay, Payday is any day – he buttressed.
He furthermore expressed his firm’s dedication to ensuring financial wellness for all income earners in Nigeria while adding that the organization has provided up to 100m naira of flexible salary access to employees since launching in January and expects to provide their services to 200 thousand employees by the end of 2022, thus positively contributing to Nigeria’s socio-economic agenda.
“We are ready to go all the way with employers to improve the livelihood of their employees and ultimately facilitate a better employee-employer relationship”.
Employers need to build their reputation as businesses that care and the imperative to demonstrate this empathy is premised on the fact that the traditional payday structure has become largely ineffective in employee welfare and development. Earnipay empowers businesses to attract and retain top talent in an increasingly competitive employee marketplace, improve team’s productivity and eliminate the financial stress that holds back employees from performing optimally on their jobs without any disruption to payroll structure and systems.
Chief Operating Officer, Busayo-Onome Oyetunji noted that the company has over 40 employers that it is working with and glowing testimonials of how this revolutionary product has helped individuals in their time of dire need.
“Top management and HR leaders share the exciting testimonies of their employees upon using Earnipay, they are pleasantly surprised at the extent of value they get from using Earnipay, it has become an essential tool for everyday living ” she quoted.
She further stressed, in the growing age of employees wanting more from their employers by being an important part of their lives and Employers looking for ways to improve their reputation and contribute to the wholeness of their employees, Earnipay comes as a reliable and trusted solution. “What is wholeness without financial wellness”
Earnipay which started as an idea in July, 2021 with an initial team of 3, launched in January 2022 and has since raised $4 million in seed financing led by early-stage venture capital firm Canaan, with other participating investors that include XYZ Ventures, Village Global – A seed stage firm backed by Bill Gates, Jeff Bezos and Reid Hoffman, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade.
In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year.
According to the NCC data, by the end of March 2024, Airtel Nigeria has grown its market share over the last year into a remarkable 29%, solidifying its position as a leading telecom provider in the region.
In stark contrast, other mobile network operators such as MTN and 9mobile have faced considerable setbacks, with MTN witnessing a notable 3.19% decline in market share and 9mobile experiencing a 0.5% decrease.
Even Glo, a prominent player in the market, saw a decline, albeit less pronounced, with a 0.58% drop in its share of internet subscribers.
Airtel Nigeria’s success story goes beyond market share gains. The company has also witnessed a substantial surge in its share of internet subscribers, boasting an impressive 165% basis points increase.
This surge correlates with the launch of Airtel 5G, which the company began rolling out in June 2023 and underscores the telco’s continued push to grow its customer base nationwide.
Airtel Nigeria’s ascendancy in the telecom market comes at a pivotal moment when mobile network operators face challenges of rising operations cost and exchange rates volatility. The company’s recent results solidify its position as a frontrunner in Nigeria’s telecom landscape.
Google Developer Groups Lagos (GDGLagos) has announced a regional edition of the global #BuildWithAI hackathon, in partnership with SeerBit, Africa’s most trusted payment solutions provider and GOMYCODE.
This hackathon, taking place on Saturday, April 27th and Wednesday, May 1st, 2024, will empower participants to explore Google’s AI tools, Gemini and Vertex AI and develop innovative solutions for real-world challenges.
“We are excited to partner with Seerbit and GoMyCode to bring the #BuildWithAI hackathon to Lagos,” says Co-Organizer, GDGLagos, Femi Taiwo. “This event fosters innovation and empowers individuals to use AI to solve real-world problems. We encourage everyone interested in AI to join us for this inspiring event.”
Founder & CEO of SeerBit, Omoniyi Kolade articulated the profound impact of this collaboration, stating, “At SeerBit, we are committed to pioneering innovative solutions that enhance financial security and foster trust in digital transactions. Collaborating with GDG Lagos amplifies our quest to combat fraud effectively. Together, we aim to empower developers to harness the power of technology for the greater good, ultimately benefiting society as a whole.”
“At GOMYCODE, we are committed to unlocking the potential of innovators across Nigeria and beyond through accessible technology education. The ‘Build With AI’ hackathon with Google Developer Groups Lagos offers a hands-on chance for innovators to use AI for real-world solutions. We’re excited to create a space where technology meets creativity, empowering participants to actively shape the future,” Country Head, GOMYCODE Nigeria, Babatunde Olaifa said.
The #BuildWithAI hackathon aligns with Google’s global initiative to democratize access to AI technology. This regional event in Lagos offers a unique opportunity for developers, data scientists, designers, students, and anyone curious about AI to:
- Gain hands-on experience with Google’s cutting-edge AI tools, Gemini and Vertex AI.
- Tackle real-world challenges across various sectors like sustainability, finance, education, healthcare, and social good.
- Leverage SeerBit’s expertise in digital payments to create solutions with tangible applications.
- Develop in-demand skills with the support of GoMyCode’s training resources.
- Collaborate in teams and network with fellow AI enthusiasts.
- Compete for a chance to win a cash prize of NGN 1,000,000, office space to further develop their winning solution, and the opportunity to partner with SeerBit, with NGN 500,000 and NGN 250,000 for second and third place respectively.
The GDGLagos #BuildWithAI hackathon serves as a springboard for the global Google AI Hackathon, taking place online. This international event focuses on pushing the boundaries of what Generative AI apps can do with Gemini. Participants in the Lagos event are highly encouraged to consider entering the global competition as well.
GDGLagos will provide ongoing support and guidance to the regional winner as they prepare to compete on the global stage. This includes access to mentorship, resources and technical expertise to help them refine their solution and showcase their talent to a worldwide audience.
Startup founders, experienced developers, data scientists and expert resources and designated mentors will be available during the hackathon to provide guidance, refine ideas, answer questions and offer technical support to participants. This ensures they receive the necessary guidance to tackle the challenges and bring their innovative ideas to life.
Telecommunications service provider, Airtel Nigeria has collaborated with the Nigeria Institute of Public Relations (NIPR) to provide with unlimited internet access at the institute’s inaugural edition of the Nigeria Public Relations Week.
The trailblazing event themed ‘Leveraging Public Relations as a Critical Asset for Nigeria’s Economic and Reputation Renaissance’ is set to run from Monday, April 22nd to Friday, April 26th, 2024, and will welcome thousands of delegates across Nigeria to the prestigious June 12 Cultural Centre, nestled in the heart of Abeokuta, the Ogun State capital.
Speaking on the strategic collaboration, Femi Adeniran, Director, Corporate Communications and CSR, Airtel Nigeria, expressed enthusiasm about the partnership, stating, “Airtel is proud to support the Nigeria Institute of Public Relations in its endeavor to advance the field of public relations.
“The relevance of public relations practice in Nigeria cannot be overstated, as it plays a vital role in shaping perceptions, managing reputations, and influencing public opinion. Hence, our support is a demonstration of our commitment to empowering individuals and organizations with innovative solutions that drive progress and create an enabling society.”
According to NIPR, through the PRWeek Organizing \Committee Chairman, Mr Yomi Badejo Okusanya, the NPRW will gather over 2,000 experts in the fields of economics, PR, and nation-building to discuss strategies for effectively communicating government policies and initiatives to the public.
Other activities at the NPRW will include conferences, the annual general meeting, workshops, induction of new members, breakout sessions with students as well as traditional rulers and a tour of some legacy projects in Ogun state.
With Airtel’s provision of onsite unlimited data connection, attendees and participants can enjoy unparalleled access to online resources, real-time updates, and interactive engagements throughout the duration of the event. This will significantly support the exchange of ideas, foster networking opportunities, and elevate the overall experience for all stakeholders involved.
Airtel Nigeria remains committed to offering unwavering support for initiatives aimed at driving innovation, collaboration, and nation-building.
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