Global leader in payment solutions, MasterCard, has taken
its new addition to online payment solutions to Nigeria’s Small and Medium
Enterprises (SMEs) tagged SME Online.
Country Manager, MasterCard West Africa, Omokehinde
Ojomuyide, disclosed to DigitalSENSE Business News that the introduction of SME
Online was to further demonstrate the commitment of MasterCard towards building
a cashless ecosystem in Nigeria.
Ojomuyide explained that the MasterCard Internet Gateway
Service (MiGS) provides a comprehensive internet payments solution which banks
could offer to their merchant customers who seek to accept payments on their
websites from cardholders of all major card schemes wherever they are.
SME Online, the country manager said, is a suite of
value-added services that works seamlessly with MIGS and extends the benefits
of online card acceptance to a broader merchant segment.
Some of the features include invoice payments, batch
payments, reoccurring scheduled payments, virtual terminal and web shop, hence,
it’s simple to implement, easy to use web-based payment solution that banks can
offer to their SME merchants.
The country manager highlighted that a key benefit for
merchants is that the system could be self-managed, thus designed to enable SME
merchants to establish an internet presence for their businesses, including
website design and processing of batch and individual card payments.
SME Online allows merchants to build their own web shops,
including shopping carts and online product catalogues .It also provides a
custom branded e-commerce solution to manage and authorise online payment
transactions in over 145 currencies. Once merchants create their own web shop,
they can start accepting online shoppers on a simple platform that embeds lots
of functionalities, and they can add new functionalities at any time.
With the likes of Jumia.com and wakanow.com already signed
on to MIGS payment gateway solution, Ojomuyide said, shoppers in Nigeria are
already enjoying the benefits of convenient and seamless 24x7 online shopping.
“SME Online will extend these benefits to thousands of
smaller merchants and open the world of online shopping to millions of
Nigerians,” Ojomuyide said.
Remmy Nweke
... Making SENSE of digital revolution!
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