SMEs to enjoy Mastercard online payment solution

SMEs to enjoy MasterCard online payment solution Finance By PROVIDENCE OBUH With the introduction of “SME Online” by global payment solutions company, Small and Medium Enterprises (SMEs) in the country will now enjoy Internet payment solution. “SME Online” is a suite of value-added services that work seamlessly with MasterCard Internet Gateway Service (MiGS) and extends the benefits of online card acceptance to a broader merchant segment. Speaking at a launch, Country Manager, MasterCard West Africa, Mrs. Omokehinde Ojomuyide said, “With the likes of Jumia.com, wakanow.com, Nigeria’s Online Travel Website, already signed on to MIGS payment gateway solution, shoppers in Nigeria are already enjoying the benefits of convenient and seamless daily online shopping. SME Online will extend these benefits to thousands of smaller merchants and open the world of online shopping to millions of Nigerians.” In continuation, MiGS provides a comprehensive Internet payments solution, which banks can offer to their merchant customers who seek to accept payments on their websites from cardholders of all major card schemes wherever they are. According to the company, “A key benefit for merchants is that the system can be self-managed. It is designed to enable SME merchants establish an internet presence for their businesses, including website design and processing of batch and individual card payments.” Other advantages to merchants include: allowing them build their own web shops, including shopping carts and online product catalogues, and providing them with 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. They can also add new functions at any time.

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