People’s Pension Trust
Model & Strategy
85% of Ghana’s workforce is informal and lacks access to government and private retirement savings plans. This holds pensioners back from financial security and has intergenerational effects on younger family members who support them on their own limited earnings. People’s Pension Trust (PPT) is a for-profit company that offers retirement savings accounts tailored to informal workers in Ghana. This is a unique angle of financial inclusion in a high-potential market. Scaling a retirement savings product for informal workers would have immense systemic impact across the African continent, by demonstrating what is possible and attracting additional resources into this space.
Saqib Nazir is a FinTech entrepreneur who brings 20+ years of experience in the digital payments space in Ghana. With a passion to ensure financial inclusion for the poor and underserved, he invested in People’s Pension Trust when the idea was first brought to him in 2016. He was made a member of the board of PPT where he brought his expertise in the fintech space to bear. In April 2020, he was appointed as Chief Executive Officer.
Previously, Saqib founded Interpay which in December 2018 was acquired by Emergent Technologies, a global payments integrator with offices in Houston, Santa Clara, and Geneva. He has received the ‘Outstanding Contribution to Ghana’s Fintech & Telecom Sector’ award at the Ghana Information Technology & Telecom Awards (GITTA) in 2018 as well as the Ghana Fintech CEO of the year at the Ghana CEO Excellence Awards in 2019. Saqib has a Bachelors’ degree in Computer Science from the University of Ghana, Legon and a Masters’ degree in Information Systems Engineering from the University of Manchester, UK.
Impact
In June 2018, People’s Pension Trust recorded its first 10,000 customers.
In June 2019, PPT was selected as one of 50 winners for the 2019 Inclusive Fintech Global Competition.
In November 2019, People’s Pension Trust received the Pension Innovation Award at the 2019 GAF Awards (Ghana Pension Industry Awards).
In September 2020, PPT was selected as a finalist in the Mission Billion Challenge WURI West Africa Prize.
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Join the National Pensions Regulatory Authority (NPRA) and other Pension players as we create awareness about pensi… https://t.co/zE4GLTpqo2
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Kindly join our COO, Mr Kofi Polley, at 1 pm today for People's Pension and Trestle Academy's first online pre-hack… https://t.co/gikHNZk2Dn
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In exactly one hour, we go live. So get your questions, comments and suggestions ready for a very lively interactio… https://t.co/tzsugec5UY
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We go live tomorrow at precisely 1 pm. Please join us and @American Chamber of Commerce Ghana as we discuss Ghana's… https://t.co/x6pr5MvdIE
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The spontaneous reaction that met the announcement that we were one of two winners for the 2021 Women's World Banki… https://t.co/tQtGDkzrdi
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We won!!!!!! People's Pension has just been announced as one of two winners for the 2021 Women's World Banking Fin… https://t.co/yooiv9RqMl
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Join our team on Neat FM today between 4 to 5 pm as they discuss pensions and and answer questions on who exactly… https://t.co/m6ArU6UaGP
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Register here: https://t.co/E3vNQbU4JA. It's on this Thursday at 1: 30pm! #abettertomorrow #beretirementready
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Meet our Panellists for Thursday's webinar. Mr David Tetteh-Amey Abbey is the Deputy CEO of the NPRA and Mr Kofi P… https://t.co/2vucTbPgdw
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Join People's Pension and the American Chamber of Commerce-AMCHAM for a webinar on pension next Thursday at 1 pm!… https://t.co/Q5D931LNOA
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Retirement means reaching the point where you no longer need to work for money. This calls for good planning. So sa… https://t.co/kyPjUbL4Er
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We are grateful for your business. #abettertomorrow #beretirementready
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One good reason you need a PPT Personal Pension Plan? It's flexible; you decide how much you want to pay. Click t… https://t.co/1LUVCADdEe
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Win $5000, and other exciting prizes in this hackathon event! The task is simple: develop an AI-based app to help c… https://t.co/hFppFjqSda
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The two-day Access to Finance forum-Ho Edition, organised by @GIZGhana for MSMEs, kicked off today!! People's Pen… https://t.co/eZUibfCkiV
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Signing up for a PPT Personal Pension Plan is fast, simple, easy and at your convenience! Select any of the options… https://t.co/wpTgdw0VCO
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Don't miss out on this opportunity to innovate!
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People's Pension and @EcobankGhanaPLC have launched an innovative digital pension product that will allow particula… https://t.co/If7EiQZl5l
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Join us on Facebook Live https://t.co/uZz2MiIcd4 at 11am for this event. It will also be live on Ecobank's Facebo… https://t.co/qaVGWQ5sDn