eTranzact partners SMEDAN to expand digital access for SMEs

By Elizabeth Adegbesan

eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion.

The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and Inclusion for MSMEs: Leveraging Fintech Innovation,” in Lagos.

Speaking at the event, Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, described MSMEs as the backbone of Nigeria’s economy, noting that the country has almost 40 million SMEs contributing significantly to growth and job creation.

She said many businesses still face challenges including access to finance, inefficient payment systems, poor financial reporting, cash flow constraints and limited access to digital platforms.