Ecobank and iPay enhance digital offerings to Micro, Small and Medium-sized Enterprises

Ecobank and iPay enhance digital offerings to Micro, Small and Medium-sized Enterprises

Ecobank and iPay Solutions Ltd with support from the United Nations Capital Development Fund (UNCDF) have launched a new digital solution for small businesses – Digistore .

The initiative is aimed at empowering Micro, Small, and Medium-sized Enterprises (MSMEs) in Ghana to maximize sales by marketing and selling their products in a digital and cashless manner.

The service will provide an enhancement to the bank’s Digi Banking Pack for MSMEs.

Ecobank as part of efforts to support and provide convenient banking solutions to MSMEs during the covid-19 pandemic period is leveraging strategic partnerships and its digital offerings to ensure MSMEs remain operational and are sustained.

Digistore enables businesses to create their own online store to sell their products, integrate their social media channels, and sell offline on mobile via a unique USSD shop or business code.

It will also enable them to receive contactless payments from any bank account, bank card, and all mobile money wallets with EcobankPay GhQR.

Again, businesses can effectively manage their products, stock levels, and inventory across their online shop, social media channels, and in their shop.

Digistore will also make way for businesses to access a pick and delivery service to deliver their product to their customers’ doorstep.

Welcoming guests to the launch, which was held on September 29, the Managing Director of Ecobank Ghana and Regional Executive for Anglophone West Africa, Daniel Sackey said Ecobank understands the need for partnership with Micro, Small and Medium-sized Enterprises.

“For us at Ecobank, we do recognize the need for MSMEs to have a financial partner who understands their current challenges and is committed to delivering the best quality solutions to clients,” he said.

“This underpins our collaboration with iPay Solutions Limited. This new Digistore initiative is, consequently, part of our continuous commitment to the growth of our clients’ businesses and to build stronger relationships across the MSME business segment,” he explained.The Group Executive, Commercial Banking, Josephine Anan-Ankomah, said, “As a Pan-African bank, we believe it is our responsibility to help MSMEs sustain and grow their businesses further, towards contributing to the economic and social development of our economies.”She added that “it is in this spirit that Ecobank Ghana Limited is introducing the Digistore to help MSMEs become resilient and prepared to take advantage of new market opportunities in these difficult times.”According to the Commercial Manager of iPay Solutions Ltd, Kwadwo Lartey, “iPay is dedicated to providing relevant solutions to all types of businesses and in the […]

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