Mastercard has partnered with Nigerian B2B eCommerce platform, Alerzo to provide SMEs digital payment solutions, financial education, and credit access.
Alerzo empowers businesses of all sizes to reach their full potential through an ecosystem of unique business tools.Their services, include banking, payments processing, loans, and business management tools.Alerzo supports over 250,000 businesses and is present in every local government in Nigeria, making its services are accessible to all businesses.
Adewale Opaleye, Alerzo CEO said,With our combined expertise and resources, we look forward to continuing to provide training, financial support, and innovative payment solutions to businesses in Nigeria. These solutions could be a game-changer, especially for our informal retailers, who often get overlooked.”
This partnership aims to accelerate the adoption of digital payments and promote the use of financial solutions over the next five years and provide practical financial training and knowledge to one million Nigerian SMEs.
Alerzo’s background in B2B eCommerce and Mastercard’s extensive global infrastructure and network will make it simpler for companies of all sizes to access digital payments.
The partnership will also enable businesses to access several solutions, such as VeedezPay, a digital payment solution created specifically for small and independent companies.
These SMEs will also access VeedezPro, a comprehensive business management tool, and Enterprise resource planning (ERP) solutions for larger, more established companies while the low-cost acceptance solutions offered by the partnership, such as Tap on Phone, QR, Pay-By-Link, and Payment Gateway Service, will be helpful to SMEs and informal retailers.
VeedezPay and VeedezPro, are available for download from the App Store and Google Play. Business owners who use the VeedezPay and VeedezPro solutions will also have access to micro-lending services. The partnership will additionally enable informal retailers to access micro-lending options.