Solv Kenya, a Standard Chartered Plc-backed digital marketplace has partnered with Cellulant to enable businesses to make and receive payments on the go.
The partnership was a response to the fact that MSMEs have been locked out of financial services owing to their inability to process and track transactions.
The collaboration comes at a time digital commerce and online shopping are thriving across the continent as the need for safer means of shopping online takes centre stage.
Around 5,000 MSMEs and more than 10 multinationals have joined Solv Kenya with the company announcing plans to sign up 10,000 businesses by the end of the year.
Cellulant group chief revenue officer David Waithaka, had this to say, “By offering multiple frictionless payment methods, businesses can realise increased sales and a growing customer base.”
Solv Kenya chief executive Sheila Kimani-Omukuba, had this to say, “This partnership gives us the chance to handle financial services more quickly and effectively to support their daily operations, which supports our goal of utilizing digital capabilities to enhance MSMEs’ profitability, enable growth, and operational efficiency.”