Business is booming.

SME Sector Is a Potential Game Changer for Economic Growth, Expert Says

The Small and Medium Enterprises (SME), sector has been named as a major driver of growth in the Nigerian economy, and one which stakeholders need to simplify processes.

This statement was made by Akeem Lawal, Divisional CEO for Payments Processing at Interswitch, when he featured on the CNBC Power Lunch programme.

He explained that payment being a pinpoint for businesses needed to be simplified, hence, the introduction of the Quickteller Business, a platform that connects small businesses with their consumers, while removing the hassles attached to building a website or developing technology capabilities.

“The SME sector is a potential game-changer for economic growth. Providing simple solutions that enhance their ability to generate economic activities that will boost community and national economy is, therefore, a prerogative for stakeholders in the sector. At Interswitch, we are committed to providing simple and scalable payment solutions for small and big businesses alike. The Quickteller Business platform is a testament to our commitment to make payments one less thing, for our business users and their customers, to worry about,” Lawal said.

Interswitch Group, through its Quickteller Business connects SMEs with a community of millions of consumers to enable them to bring their products and services to the market without the hassles of having to build a website or develop any technology capabilities themselves.

According to Lawal, Interswitch has continued to provide payment solutions to businesses and individuals. However, the relaunch of the Quickteller Business platform is due to the negative impact of COVID-19 on businesses and the economy.

He added that the Quickteller Business enables small businesses, including social media entrepreneurs, to take their businesses online, become completely digital and continue to create economic activities for themselves and their communities.

He says businesses that sign up between now and April 2021, will also enjoy zero transaction fees. Lawal added that the Quickteller Business platform was formally relaunched recently.

This unique payment solution broadens and empowers businesses of all sizes to facilitate and manage transactions across the globe. Its wide range of integrated payment offerings allow the merchants to send invoices and payment links, receive payments, track transactions, issue receipts and settle the dispute, refund and cashback issues.

The Quickteller Business Storefront allows the merchants to create an online store without having to write a single line of code.

The merchant can add as many products, images and videos as possible. The storefront has an incredible mobile experience that ensures that the look and feel of the merchant’s page is consistent across all devices.

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