MoMo PSB, SMEDAN collaborate on SME digitalisation

MoMo PSB, the fintech arm of MTN Nigeria, has entered a strategic partnership with the Small and Medium Enterprises Growth Company of Nigeria to offer digital and monetary instruments geared toward serving to small and medium-sized enterprises run operations extra effectively and scale sustainably.

The deal, formalised in Lagos on Wednesday, will enable registered companies to make use of MoMo PSB’s apps, point-of-sale programs, USSD channels, and companion portals to handle funds, payroll, tills, and a number of shops from a single platform.

The collaboration additionally guarantees entry to MTN’s broader community and capacity-building programmes, signalling an try and make Nigeria’s fragmented SME sector extra environment friendly and scalable.

For MoMo PSB, which is vying to develop its footprint in monetary providers, the transfer offers a prepared pool of shoppers and information, whereas for SMEs, it might imply smoother operations and wider market attain if they will navigate the platform’s complexity.

Government Director of Technique and Innovation for MoMo PSB, Usoro Usoro, mentioned, “This partnership with SMEDAN displays our dedication to supporting small and medium-scale companies with instruments that assist them function extra effectively and unlock new progress alternatives.

“By means of the MoMo PSB Enterprise App, we’re making it simpler for entrepreneurs to handle funds, improve income, and give attention to rising their companies profitably.”

The partnership underscores MoMo PSB and SMEDAN’s shared dedication to empowering entrepreneurs with sensible, accessible monetary options that scale back operational stress, enhance money circulate, and allow enterprise progress. By combining SMEDAN’s in depth SME community with MoMo PSB’s digital monetary infrastructure, the collaboration will drive significant influence throughout Nigeria’s SME ecosystem.

The Director-Normal and Chief Government Officer of SMEDAN, Charles Odii, additionally mentioned, “This partnership is about eradicating friction and ensuring monetary help reaches small companies in a approach that’s easy, clear, and constructed for actual influence.”

The advantages of MoMo PSB’s digital options are usually not restricted to SMEs inside the SMEDAN ecosystem. SMEs throughout Nigeria may entry these instruments for progress.

MoMo PSB mentioned it stays dedicated to bridging the monetary hole in Nigeria by means of strategic partnerships and collaboration.