In an effort to reshape the African retail landscape and deepen financial inclusion, Novare, a leading pan-African real estate developer, and ACCESS Bank Plc, one of Africa’s largest financial institutions, today announced a strategic partnership aimed at transforming the shopping experience across NOVARE’s malls.
This landmark collaboration will introduce a digital-first loyalty, payments, and lending platform, revolutionizing how millions of customers interact with retail environments. It will integrate cutting-edge banking services like digital wallets, microloans, insurance, and buy-now-pay-later options directly into the shopping experience, both online and offline.
At the heart of the initiative is a shared commitment to inclusive economic growth. Through the partnership, Access Bank will equip thousands of small and medium-sized enterprises (SMEs) operating within Novare malls with advanced payment technologies and access to finance, empowering them to grow sustainably and compete in a rapidly digitizing economy.
“This partnership aligns with our mission to create real, inclusive value for communities across Africa,” said Rosevelt Ogbonna, Group Managing Director Access Bank Plc. “By embedding banking services within the retail ecosystem, we are removing barriers for both merchants and shoppers, helping them to grow, thrive, and participate meaningfully in the formal economy.”
A key innovation in the partnership is the provision of microloans to up to 13 million individuals, seamlessly integrated into the Novare shopping app. These loans will offer shoppers flexible, affordable financing options, especially those historically underserved by traditional banking services.
“We are giving millions of people across Africa a chance to access credit safely and conveniently, all through a retail app,” said Iyabo Soji – Okunsanya, Executive Director, Corporate and Investment banking, Access Bank. “This is not just financial innovation, it’s social impact at scale. We’re proud to help bridge the gap between commerce and capital.
The new platform will also feature instant digital wallet and account creation, a robust loyalty system called Novas Cash, and a suite of payment tools including debit and credit card payments, wallet-to-wallet transfers, and more options. Additionally, shoppers will gain access to tailored insurance products like electronics protection and extended warranties.
Derick Roper, Managing Director, Novare Equity Partners, expressed confidence in the partnership’s ability to drive impact across the continent.
“This collaboration with Access Bank is a strategic leap forward—not just for Novare, but for the future of retail in Africa. Together, we are redefining the shopping experience by fusing world-class real estate with cutting-edge financial services. It’s a win-win for customers, merchants, and the broader economy.”
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