eTranzact Advocates Digital Payments for Nigeria's MSMEs

eTranzact International Plc has called for the increased adoption of digital payment solutions among micro, small, and medium enterprises (MSMEs) in Nigeria, stating that access to technology is essential for improving business efficiency, financial inclusion, and growth. The company is deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses.

This announcement was made by Mrs. Abimbola Reis, Divisional Head of Merchant Services at eTranzact, during the SMEDAN/eTranzact Town Hall Engagement in Lagos, themed “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.” Reis highlighted that MSMEs, which comprise nearly 40 million businesses, are crucial to Nigeria's economy but face challenges such as limited access to finance and inefficient payment systems. Prof. Yinka Fisher, representing the Director-General of SMEDAN, emphasized the town hall's goal of generating practical solutions for MSME growth.

Dr. Praise Adedigba, representing NACCIMA, noted that businesses must adapt beyond hard work to remain competitive.