✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters

MSMEs to gain access to digital payment solutions

Micro, Small and Medium Enterprises (MSMEs) operating in Lagos will be provided access to digital, payment and training tools courtesy of a partnership between Mastercard…

Micro, Small and Medium Enterprises (MSMEs) operating in Lagos will be provided access to digital, payment and training tools courtesy of a partnership between Mastercard and the Lagos State Employment Trust Fund (LSETF).

The Memorandum of Understanding (MoU) signed by Mastercard and LSETF will boost the capacity of MSMEs to grow their businesses while supporting the startup fintech community in Lagos.

“Not only will this assist our vision to achieve digital financial inclusion for MSMEs, but it will also help us foster the adoption of innovation within the vibrant Lagos business ecosystem,” noted LSETF executive secretary, Teju Abisoye.

“The MoU fosters multiple growth opportunities for MSMEs and ultimately equips them to become active participants in the digital economy by providing technologically innovative environments for fintech startups and multiple opportunities to leverage Mastercard’s assets,” says Ebehijie Momoh, Country Manager & Area Business Head, West Africa, Mastercard.