LOTUS Bank gets global recognition

LOTUS Bank, a non-interest bank, has been awarded the Best Financial Inclusion Initiative and Debit Card of the Year at the Global Retail Banking Innovation Awards 2024 held recently in Singapore.

Additionally, the bank received the Ethical Banking Leadership Award of the Year at the 2024 BAFI Awards.

In a statement made available to The PUNCH on Sunday, the Managing Director of LOTUS Bank, Mrs Kafilat Araoye, expressed pride in these achievements, stating, “We are honoured to receive these awards, which validate our efforts to make banking accessible for everyone. Our team’s dedication to developing products that cater to the needs of diverse communities drives our mission forward.

“Winning the Ethical Leadership Award at the Banks and other Financial Institutions Awards is particularly significant for us. It underscores our commitment to transparency and integrity in all our operations. We believe that ethical banking is essential for sustainable growth, and we will continue to lead by example in the industry.”

She added that LOTUS Bank’s innovative approach to enhancing access to banking services for underserved communities was highlighted in the Best Financial Inclusion Initiative award.

“The bank’s flagship debit card programme has also been celebrated for its user-friendly features, aimed at empowering clients with greater control over their finances. It was the card used for onboarding athletes from all over Africa at the recent Federation of Africa Students Games and the Nigeria Medical Students Association Games which LOTUS Bank sponsored recently,” Araoye revealed.

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