Freetown, Sierra Leone 25th November 2024 โ Vult, a leading provider of innovative financial services solutions in Sierra Leone, and SKY Bank Sierra Leone, one of the country’s top financial institutions, on the 25th of November 2024, announced a strategic partnership to further enhance financial inclusion and expand access to digital financial tools for Sierra Leoneans.
Since its launch just four months ago, Vult has attracted over 10,000 customers by offering a range of convenient and affordable services, including online payment at a 1% fee and a user-friendly mobile app with Visa and Mastercard support.
This partnership with SKY Bank Sierra Leone will enable seamless and secure digital transactions between Vult and SKY Bank accounts, empowering customers with unparalleled access to their finances. Customers will be able to:
- Transfer funds: Move money easily between their Vult and SKY Bank accounts.
- Enjoy 24/7 convenience: Conduct transactions anytime, anywhere, without limitations.
“This partnership marks a significant step towards a more inclusive and digitally-driven financial landscape in Sierra Leone,” said Pierre Johnson, Chief Operating Officer at Vult. “By combining Vult’s innovative technology with SKY Bank’s extensive reach and experience, we are creating opportunities for individuals and businesses to thrive in the digital economy.”
Akinwale Oladipo Akinremi, the Executive Director/COO of SKY Bank Sierra Leone added, “We are excited to partner with Vult to provide our customers with a seamless and secure digital banking experience. This collaboration aligns with our commitment to delivering innovative financial solutions that meet the evolving needs of our customers and contribute to the growth of the Sierra Leonean economy.”
The partnership is expected to contribute to the growth of online transactions, promote a cashless society, and enhance security by reducing reliance on physical cash. It will also support increased remittance inflows, which account for more than $450 million USD annually in Sierra Leone.
About Vult
Vult is a product of Metro Cable, a Bank of Sierra Leone sandbox institution, providing cutting-edge financial solutions and promoting economic inclusion through accessible digital tools. The Vult app offers a range of services, including digital wallets with Visa and Mastercard, secure online shopping, and convenient payment options.
About SKY Bank Sierra Leone
SKY Bank Sierra Leone Limited is a leading financial institution in Sierra Leone, providing a wide range of financial products and services through retail, commercial, treasury, and corporate and investment banking segments. The bank is committed to delivering superior customer service and driving financial inclusion through innovation and technology.
About Metro Cable
Metro Cable is Sierra Leone’s leading open-access provider of high-speed gigabit internet, delivering the country’s first real fibre optic broadband experience. Committed to bridging the digital divide, Metro Cable is deploying an environmentally friendly fibre optic network across Freetown and providing free internet connectivity to major universities and learning centres.
Mohamed Kallon, Group Head Marketing Communications, +23276450100 [email protected]
