MoMo PSB and SMEDAN Partner to Digitalize SMEs in Nigeria

MoMo PSB, the fintech subsidiary of MTN Nigeria, has entered into a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance the digitalization of small and medium-sized enterprises (SMEs) in Nigeria. The collaboration, formalized in Lagos, will enable registered businesses to utilize MoMo PSB's app, point of sale system, USSD channel, and partner portal for managing payments, payroll, and operations across multiple outlets on a single platform.

The partnership seeks to leverage MTN's extensive network to address the challenges faced by SMEs in Nigeria, promoting efficiency and scalability. Usoro Usoro, the Executive Director of Strategy and Innovation at MoMo PSB, and Charl Odii, the Director-General and CEO of SMEDAN, emphasized their commitment to supporting SMEs by providing digital financial tools to enhance operational efficiency, unlock growth opportunities, and improve cash flow.

The collaboration aims to empower entrepreneurs within SMEDAN's ecosystem and beyond, driving meaningful impact across Nigeria's SME landscape.