NetPlus joins effort to provide solutions and relief for SMEs during COVID-19 crisis

Our formerly bustling streets are now ghost towns thanks to the mandatory lockdown in the fight against the spread of the virus which is stressing and crippling the global economy and as is, many small businesses may never recover.

By now it is a cliché to say that small businesses with over 20 million recorded are the driving force of the Nigerian economy and all this crisis has done, is put these companies in jeopardy of making next to no revenue as everything is on a standstill.


EXPLORING BRANCHLESS AND OTHER DIGITAL FORMS OF BANKING IN A CRISIS

We are certainly living in unprecedented times. An indicator which calls for concern is how the number of coronavirus cases have increased from 2 to 36 in the span of only a week in Nigeria and unfortunately this continues to rise with each passing hour. Many countries are reaching a rather critical infection juncture where things may likely get out of control.

The Nigerian government especially in Lagos has begun to implement the “self-quarantine” rule for its residents. …


It is no new knowledge that electronic payment provides another way to send and receive money online, pay for goods offline and Nigeria has witnessed a surge in the adoption of the service over the last few years because of convenience and ease of transactions.

In January alone, electronic transactions hit a whopping N10.89TN nationwide according to NIBSS report, a 29% increase in compared to N8.41tn recorded in January 2019. …


I recently posted about reading “Decoding Silicon Valley”, a book co-authored by Michelle Messina and Jonathan Baer, who I met during a recent trip to San Francisco. I promised to write about some of the key issues discussed in the book, and in chapter 2, the authors described a framework to analyze the inner workings and culture of Silicon and I found it very useful in understanding what makes the Valley what it is today, and why many of the most successful and influential technology companies started from the area. …


It’s no news that the Fintech space saw significant growth and gains in 2018 as measured by number of startups, investment raised and global interest in Financial Inclusion. With over 100 Fintech companies and $200M raised since 2015, there is a strong market opportunity and investors’ appetite in the space

I fully expect this trend to continue in 2019 but here are my predictions for 2019;

  1. More local and foreign institutional investment in Fintech — we will see more funds from seed to Series B investment come into the space to provide the needed capital for businesses to test ideas…


In August, we announced the certification of NetPOS 2.0 by NIBSS. NetPOS2.0 is the next generation POS device that provides the much needed cost benefits as well as features powered by software and apps — cash-in/cash-out, EOD report, report monitoring etc. Our roadshow through the month of August was very encouraging as the device and app were well received by all the Financial Institutions and merchants that we met with. …


If you check my Linkedin profile, you will quickly notice my passion for (2) things — product development and driving value in the SME space. As a company, NetPlus has been focused on digital transformation to support eCommerce and digital payments for SMEs in Nigeria over the last 6 years and in executing that strategy, we have learned a lot of lessons that we thought we could share with the entire ecosystem. …


We are excited to announce the launch of the NetPlusPay developer platform, which is primarily aimed at providing a channel for us to collaborate, and work with the vibrant developer community in Nigeria. As a company, we are very excited about the level of innovation that is happening in the payment industry, and we are firm believers that we have only seen the tip of the ice-berg. We are doing this because we believe that the role of FinTechs is crucial in accelerating the growth of the space, and the quality of collaboration among all the players will determine how…


Technology has evolved over the years and will keep on changing. In the Nigerian Logistics space, technology has been able to create more value in spite of the numerous problems faced by industry.

Since we are aware of the logistics challenges of lack of access to fund to acquire fleet of vehicles, bad roads, Inventory Management, finding the right courier, to mention a few. It is important to stress that technology can be the way out in overcoming some of these barriers.

NetPlusDotCom with the acknowledgement of these challenges go extra mile to unlock new features on its logistics management…


In emerging markets, despite the advancement in Financial technology, and the constant rise of financial service providers, cash is still king. According to a report released by NIBSS, the total cash withdrawals on ATMs across the country was over NGN1 Trillion. For eCommerce, Cash has totally dominated its market with alot of customers preferring to Pay On Delivery for goods and services and this has been a bane for ecommerce merchants both big and small.

Scouring through the internet one would be inundated with articles calling for the “Death” to the Pay on Delivery model with very convincing points, however…

NetPlusDotCom

We are a merchant services company providing global technology solutions in local markets for e-commerce, and e-payments.

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