• Friday, June 14, 2024
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MasterCard extends online payment solution to SMEs

Mastercard, Payment24 to secure payment options for fuel industry

Leading global payment solutions company, MasterCard, has a new addition to its existing internet payment gateway solution in Nigeria.

Targeted at Small and Medium Enterprises (SMEs), the introduction of SME Online to the market further demonstrates the commitment of MasterCard to building a cashless ecosystem in Nigeria.

The MasterCard Internet Gateway Service (MIGS) provides a comprehensive internet payments solution which banks can offer to their merchant customers who seek to accept payments on their websites from cardholders of all major card schemes wherever they are.

Read also: Mastercard Underpins its Commitment to Driving Economic Empowerment for All in Africa

The newest addition, SME Online, is a suite of value-added services that works seamlessly with MIGS and extends the benefits of online card acceptance to a broader merchant segment. The features include invoice payments, batch payments, reoccurring scheduled payments, virtual terminal and web shop. It’s a simple to implement, easy to use web-based payment solution that banks can offer to their SME merchants.

A key benefit for merchants is that the system can be self-managed. It is designed to enable SME merchants to establish an internet presence for their businesses, including website design and processing of batch and individual card payments.