Sparkle a digital bank by the former Diamond bank CEO goes live after 11 months of its first public mention.
After the merging of Access bank and Diamond bank, Mr. Uzoma Dozie the work in progress in the building a transparent platform exploring an easy and better way to save, make payments, manage money.
“Sparkle is now being developed to allow people to do more whilst allowing businesses to be more.”Uzoma Dozie
Sparkle like many other existing microfinance banks in Nigeria has gained its license from the Central Bank of Nigeria (CBN) since August 2019 promising to offer transparency, comprehensive support for individuals, including flexible payments, savings, and analytics to provide greater freedom, flexibility, and control over finances and lifestyle once and for all.
On the launching of Sparkle, it is made available on iOS and Android to give customers full and free access to one account that offers multiple services and different wallets. As of press time, Sparkle features such as “Buy Airtime”, “Pay Bills”, “QR Payment”, “Business Account”, and virtual and physical debit cards are still “coming soon” (more on these features later).
Sparkle partnering with Visa, Microsoft, and PwC Nigeria to achieve its vision of redefining Nigerian commerce as well as providing support business solutions such as taxation, inventory management, invoicing, and payment schedule. With its Sparkle Stash Tool, it provides a savings tool aimed towards specific goals. Sparkle promises 24/7 Customers Services through its smart AI customer service chatbot.
Sparkle is redefining Nigerian commerce by merging financial services with a seamless lifestyle solution. We are removing barriers using technology and data, and driving inclusion at scale. In doing so, we are empowering Nigerians to fulfill their potential, democratizing access to valuable solutions for both business and personal needs.Uzoma Dozie
In Uzoma Dozie’s exciting words about the launching says “Sparkle will be transformational for Nigerians across the globe in the fintech ecosystem, We are removing barriers using technology and data, driving inclusion at scale. In doing so, we are empowering Nigerians to fulfill their potential, democratizing access to valuable solutions for both business and personal needs.”
Although Sparkle says “we don’t offer any interests on our savings, but we plan to in the nearest future with an amazing interest rate.” but offer more features than most of the existing fintech applications by allowing customers that allows users to receive payment from anyone.
Sparkle is a digital bank and it will be good to see how it stands against other microfinance banks and other fintech applications.