MoMo PSB and SMEDAN Partner to Boost SMEs with Digital Financial Tools

MoMo PSB, a digital financial services provider, has entered into a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to support SMEs in Nigeria. The partnership, formalized through a memorandum of understanding signed at MoMo PSB's headquarters in Victoria Island, Lagos, will enable SMEs registered with SMEDAN to leverage MoMo PSB's digital solutions across various channels, including apps, POS, USSD, and partner portals.

This collaboration aims to empower entrepreneurs by providing tools to manage payments, accept multiple channels of payment, handle staff salaries, and streamline business operations on a single integrated platform. The partnership underscores the commitment of both MoMo PSB and SMEDAN to empower SMEs, reduce operational stress, improve cash flow, and facilitate business growth.

By combining SMEDAN's extensive SME network with MoMo PSB's digital financial infrastructure, the collaboration is expected to have a significant impact on Nigeria's SME ecosystem.