PRESS RELEASE

Abuja, Nigeria — August 2025

Monivest Multipurpose Cooperative Society Limited (“Monivest”) is pleased to announce that it has entered into a Service Level Agreement (SLA) with Payscribe, one of Nigeria’s leading digital payment providers. The SLA establishes clear standards for reliability, speed, and security across Monivest’s cooperative banking operations, ensuring members can access world-class digital financial services.

The SLA commits both parties to measurable performance benchmarks, including:

• 99.9% transaction uptime across Monivest’s digital channels.

• Instant to 24-hour settlement cycles for member deposits, withdrawals, and cooperative fund flows.

• Enhanced data security & compliance, with CBN-regulated systems and NDIC-insured funds.

• Defined escalation & support protocols, ensuring 24/7 resolution for member transactions.

Through this structured partnership, Monivest members and partner cooperatives will now enjoy:

• ⚡ Faster and more reliable deposits, withdrawals, and fund transfers.

• 🌍 Virtual dollar cards and accounts for global e-commerce and cross-border payments.

• 💡 Seamless bill and utility payments directly within the Monivest platform.

• 📈 Automated reconciliation tools across Monivest’s 47+ partner cooperative societies.

“This SLA with Payscribe ensures that Monivest members can rely not just on promises, but on guaranteed service standards. It represents a leap forward in our mission to combine cooperative wealth-building with digital reliability at scale.”
— Monivest Executive Team

With this agreement, Monivest continues to strengthen its position as Nigeria’s leading cooperative-first financial ecosystem, blending agriculture, asset ownership, and fintech innovation to unlock inclusive prosperity.

About Monivest
Monivest Multipurpose Cooperative Society Limited is a next-generation cooperative society headquartered in Abuja and Lagos, Nigeria. Monivest blends finance, agriculture, and cooperative asset ownership — helping Nigerians grow wealth through real projects in aquaculture, poultry, and cassava farming while providing members access to savings, credit, and global payment infrastructure.

About Payscribe
Payscribe is a digital finance platform that empowers individuals and businesses to make and receive payments with ease. From virtual dollar cards and global remittances to airtime conversion, bill payments, and enterprise payment APIs, Payscribe provides reliable, CBN-regulated financial infrastructure for the digital economy.

Media Contact
📩 press@monivest.ng
📞 +234 813 900 8999
🌍 www.monivest.ng