Innovectives Digital Experience (InDex) Group has obtained a Payment Solutions and Services (PSS) license in Nigeria from the Central Bank, for a five-year endorsement plan targeting one million SMEs (small medium enterprises).
Innovectives, founded in 2012, is a transaction solutions and payment processing group that collaborates with banks, International Card Schemes and other financial service providers to develop initiatives that foster the adoption of digital financial services.
The company’s objective is to enable SMEs operating within frontier markets to overcome obstacles in their digitisation such as digital payments methods, setting up an e-store etc. in order to foster their growth and potential.
Emmanuel Agha, the Group Chief Executive, InDex Group articulated that, “our journey to expand opportunities for one million SMEs in frontier markets is now fully on course, following the procurement of major strategic partnerships with leading payment schemes and impact investors.”
With Innovectives digitisation plan, which begins in Nigeria, SMEs will access current accounts, in-store and online payment methods, an online store that is easy to manage, quick loans and trainings.