By Chinenye Anuforo
Moniepoint Microfinance Bank (MFB), a leading digital financial services provider in Nigeria, has been recognized for its contributions to the hospitality sector. The bank received the prestigious Best Hospitality Industry Support – Fintech Award at the 2024 Hotel Industry Excellence and Sustainability Award (HIESA).
This award highlights Moniepoint’s dedication to empowering hospitality businesses through innovative financial solutions. Their digital services streamline financial operations, enhance guest experiences with digital payments, and contribute to the industry’s overall growth and sustainability.
Nigeria’s tourism and hospitality industry plays a significant role in the country’s economic well-being. It contributes to the GDP, attracts foreign investment, creates jobs, and promotes cultural preservation and sustainable development. Consulting firm PwC predicts a robust 12% growth for this sector.
Chibuikem Diala, Executive Director of IHTEF, highlighted Moniepoint’s role as a symbol of innovation and a testament to the importance of homegrown brands in the hospitality sector. He commended their solutions for revolutionizing financial services in hotels, restaurants, and small businesses.
Moniepoint MFB’s Managing Director, Babatunde Olofin, expressed his delight at receiving the award. He emphasized the bank’s commitment to fostering a thriving hospitality ecosystem through continuous innovation. Olofin placed a strong emphasis on their customer focus, ensuring they provide the tools needed for business success.
The HIESA awards program recognizes outstanding organizations and individuals driving the hospitality and tourism sector forward. By acknowledging excellence in leadership, innovation, and service quality, HIESA paves the way for a more robust and sustainable industry.
The award ceremony was held during the 7th annual International Hospitality Tourism and Eco-Sustainability Forum (IHTEF). The forum, themed “Emerge Together; Reimagining a Green Hospitality Economy,” explored how businesses can adapt to the emerging green economy.
Moniepoint MFB’s achievement adds to their growing list of accolades. The bank has previously received awards like the Rising Star Family Business Award and the Fintech Company of the Year Award. Additionally, Moniepoint Inc., the parent company, has been recognized as one of the fastest-growing companies in Africa.
Moniepoint’s win at HIESA underscores their unwavering commitment to empowering Nigeria’s hospitality industry. The company looks forward to continued innovation and positive impact in the years to come.