NIGERIA: Access Bank launches Swiftpay for SMEs

The product is part of the bank’s commitment to support SMEs digitally to meet business needs.

Ola Olaoluwa
Ola Olaoluwa

Access Bank Plc has launched the first payment acceptable service in the banking industry for Micro, Small and Medium Enterprises (MSMEs) to support the transition and growth of customers’ business.

The product is part of the bank’s commitment to support SMEs digitally to meet business needs. It had partnered Google business advisory to train 10,000 customers on the nuances of online business in the next one year.

Image Source: Worldstagegroup

Sequentially, customers would be exposed to online tools to optimise business, adding that small businesses would have the opportunity of enjoying Google adverts.

The bank plans to continue to nurture SMEs to be successful to boost economic growth and development and expand its footprints and drive a lot of loans digitally in 2021 to satisfy customers needs.

Nigeria In Focus:

Population: 206.6 million (Compared to South Africa's 59.6 million)

GDP: $504.57 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $2,465 (Compared to South Africa's $6,193)

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Ola Olaoluwa

Writer | Economist