January 17, (THEWILL) – The latest entrant into the commercial banking industry in Nigeria is Parallex Bank, owned by Chris Oyakhilome’s Christ Embassy Church.
The bank which was officially launched on Friday, January 14, 2022, promises to redefine the banking landscape in Nigeria and Africa at large.
He established that Parallex Bank is the first bank in Nigeria to migrate from a microfinance bank to a commercial bank. He is convinced that Parallex Bank limited will achieve more as the bank partners with customers to explore more business opportunities.
Olufemi said the vision of Parallex Bank is to be the preferred financial solution provider redefining customer experience through innovation. He assured customers of excellent banking products and services stating that the bank offerings are designed to address the yearnings of Nigerians.
With a strong ecosystem anchored around the customer, the bank also has a robust product portfolio that is customer focused, innovative and simple.
According to Olufemi, the Parallex mobile app has unique features and benefits that are quite rare in this market. On the app, customers can choose to create their unique account numbers, increase their transfer limits, make five free transfers per day to any bank in Nigeria. They can request for free debit cards, which will be delivered to them for free. They will receive prompt responses to enquiries.
Beyond the app, Femi added that customers will enjoy zero maintenance fees while current account holders will further enjoy up to 5% interest rate provided they maintain a minimum average balance of N100,000 ($200).
The bank which began as a micro-finance bank is now a full blown commercial bank.
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