Ecobank launches online trading platform for SMEs

Ecobank Nigeria in collaboration with Netplus Advisory services has launched an online trading platform called MyMall Nigeria. 

The platform is essential for the Small and Medium Enterprises (SME) operators to sell and market their goods and services.

According to the bank, the online mall is designed for all categories of products and can be accessed from any part of the world.

The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi, who spoke at the launching of the platform, in Lagos, said the decision to set up MyMall Nigeria was to provide a platform for SMEs customers of the bank to tap into the enormous opportunities in e-commerce sphere and take their businesses to a higher level, as it would provide a wider access to sell their products and offer their services to the whole world.

According to him, Ecobank is bringing this opportunity to our SMEs because we believe that business will significantly move from the brick and mortar to online presence.

“We are confident that our customers will not be left behind; MyMall, Nigeria will equip you to have an online presence and be relevant in the market place of this age,” he said.

Okpanachi was optimistic that the Bank’s branch network in the country and presence in 36 African countries would be an added advantage to participants at the mall, stressing that, payment across borders was been worked on.

The Business Executive, Business Banking, Ecobank Nigeria, Kingsley Umadia, said the platform could not have come at a better time, assuring that the online marketing space powered by Ecobank will provide tools for trade for the SMEs to succeed.

Also, the Head SME/Value Chain Banking, Ecobank Nigeria, Sunkanmi Olowo, explained that onboarding on the online platform is open to every member of the Ecobank SME Club. Non-members are encouraged to apply, as enlisting is currently free.

Speaking further, Olowo said, “As at today, 62 SME operators have enlisted onto MyMall. It is a one stop online mall for buyers and sellers to fulfill their needs for selling and buying online.

Enrolment on to the platform is currently free but minimal fees may be introduced later. Working with our partners, we have taken care of every aspect that will make it a success. The Mall also has partnership with FEDEX to ensure timely and safe delivery of goods.”

He noted that unlike other existing malls, registered merchants would have access to own personalized web store, have logistic support for the delivery of goods purchased on line, inventory management system and a secure payment platforms for goods.