Nigeria’s largest lender in the SME space Access Bank plc has unveiled an online account opening platform for unregistered businesses.
The
online account opening platform is a paperless and seamless digital process
which allows customers to register their business account within five minutes
without visiting a branch. And it is available for anyone above 18 years across
Nigeria and the Diaspora.
Addressing
newsmen during the launching of the online account opening platform, Ayodele
Olojede, Group Head, Emerging Businesses, Access Bank Plc said “It is about the
millions of local businesses struggling to lay their foundation and growth. As
part of our commitment to support entrepreneurs and small business owners, we
have created a simple seamless digital platform for individuals to obtain an
affordable and flexible account for their unregistered businesses which will
give them access to digital loans from N250,000 to N10million, Access to
capacity building programs and trainings, Business registration at a discounted
rate for those unregistered businesses, Invitation to link up with investors
and build a website with as little as N20,000.
We
believe Small and Medium Enterprises (SMEs) play a major role in most
economies, particularly in developing countries. SMEs account for the majority
of businesses worldwide and are important contributors to job creation and
global economic development. They represent about 90% of businesses and more
than 50% of employment worldwide” Ayodele concluded.
Ayodele
also called on SMEs owners to ensure proper records keeping for their
businesses and advised them against mixing business funds with personal
expenses as it leads to poor corporate governance and risk of misappropriation
of cash belonging to the business.
Access
Bank is recognized as one of the most innovative financial institutions in
Africa. With over 40 million customers and 600 branches nationwide, it offers a
range of products and services tailored to suit needs and lifestyle of its
customers across multiple segments.
The
Bank offers various SMEs digitalized
solutions to cater the vast
majority of MSMEs. Some of these
innovations include online account opening platform for businesses, digital
lending platform, Digital payment solution platform (Swiftpay), Access to
market (Discounted Website), and our capacity-building programmes.
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