The Payment  Unit of MTN , MoMo PSB, says it is  targeting 20 million Nano and Small  Medium Enterprise  (SMEs) to provide  financial  services to enhance  financial  inclusion.

The Chief Commercial Officer of MoMo PSB, MTN, Ella Muzzolini, said this on the  sideline  of a two-day  MoMo  and NASME  Symposium and Exhibition  held on Saturday in Lagos.

According to Muzzolini, most Nano merchant are financially  underserved because  they wish to  have access to some financial  services  such as loan but do not have access to such.

She said that MoMo  PSB  would onboard  such Nano traders to access  loan and other financial  services.

“MoMo  PSB is proposing  a better solution to help businesses  transact through  their phones  in simple transaction.

“We are targeting  to have the small Nano merchants on the MoMo  PSB  because we believe  that they are underserved in Nigeria.

“We want to first address  those  20 million  small retailers who love to be able to access international market, access loan but do not have access,’’ she said.

According to her, primarily the SMEs do not  have access to the financial  services  so that is where MoMo would put effort  in the  next  six months.

Muzzoloni said that the two days event had created a space of knowledge, monitoring , co creation.

She said that  MTN and MoMo  PSB  believe  in co creation  and believe  in designing that  would help Nigerian to solve problems in their businesses  and  personal lives.

She, however,  expressed  excitement over the participation  of the trade association  saying it was beyond  expectation.

Speaking  at the event, the National  President of Nigeria  Association  of Small and Medium Enterprises  (NASME), Dr Abdulrashid Yerima,  said that digital  payment  is the trend and leveraging  MoMo  would promote  financial inclusion.

Yerima said that NASME need more empowerment , training, and capacity  building  is very in that regards.

Yerima was represented  by the National  Vice President, Mr Solomon Aderoju, who while appreciating  MoMo  team  and MTN called for sponsorship  of some of their programmes.

Day one of the event witnessed the unveiling  of Merchant  Incentives  of N40m for traders.

MoMo  PSB  official, Adejumoke Aderogba educated the traders on the modalities  of  participating and benefiting from the incentives.

The participants were trained on business development and capacity building. Futureview US Dollar Fund Return Hits 7.42%