Access Bank Plc has unveiled SWIFTPAY, a digital payment service that facilitates the receipt of business payments by enabling customers to make quick, easy and secure digital payments on social media platforms to merchants.
Speaking to newsmen during the launch of the new service in Lagos, Group, Head, Emerging Businesses, Access Bank plc, Ayodele Olojede, noted that the lockdown, experienced in 2020 as a result of the COVID-19 pandemic, resulted in less in-person interactions and less in-person payment options. She revealed that statistics from a survey carried out post-lockdown showed that MSMEs were impacted by cash flow, revenue and sales while adding that the impact of the pandemic made more apparent the lack of infrastructure and access to digital resources for small businesses.
“This is why Access Bank introduced SWIFTPAY to support the digital transition and growth of SME businesses. This product is part of the bank’s commitment to support SMEs to meet their business objectives despite the times. The new service comes in form of a payment link that can be hosted on merchants’ social media pages and sent to anyone to pay and conclude business transactions.
It is easy and takes less than 5 minutes for interested merchants to sign up as it is convenient and time-saving for everyone.” Ayodele also revealed that the Bank is committed to providing very practical solutions that support the growth of small business in Nigeria.