• Monday, May 20, 2024
businessday logo


QShop partners 4 financial brands to offer seamless transactions to SMEs

QShop partners 4 financial brands to offer seamless transactions to SMEs

Determined to provide Small and Medium Enterprises the tools needed to thrive online, QShop, a technology-driven e-commerce platform has partnered with Stripe, Flutterwave, Paystack, and Providus Bank to give merchants the freedom to receive funds seamlessly and in any currency.

The partnership, the company said, will further reduce payment processing time, and allow businesses to receive store credit for transactions in an hour.

QShop said it supports technology integration with Facebook Pixel, Instagram, and Google Analytics in order to enable merchants to set up their stores in minutes, improve consumer engagement, and measure growth.

Speaking at a recent virtual media briefing, Tarebi Alebiosu, founder, QShop said the company was developed in late 2020 to make e-commerce technology adoption for small businesses affordable.

According to her, the firm focuses on helping small businesses to sell online and scale easily, which is why QShop is deeply integrated with social media allowing for a seamless and easy setup.

Alebiosu noted that during the pandemic, technology was one of the major factors that helped many small businesses survive, adding that many however struggled to navigate the complexity of integrating technology into their businesses’ day-to-day running.

Read also: Cedrus Group unveils ‘Cedrus 5000 Africa SMEs’ programme

“By simplifying Africa’s e-commerce ecosystem and website setup, many entrepreneurs who would otherwise struggle with the complexity of running a business online can do so with a few clicks. QShop equips SMEs with the tools and resources crucial to successfully run an e-commerce business,” she said.

Alebiosu further said that the shifting nature of regulatory and operating environments that affect MSMEs worldwide requires innovative solutions that improve their ability to adapt to changes.

She added that the stakes are higher with accelerated technological adoption triggered by the Covid-19 pandemic.

Harrison Hammond, head of technology, QShop, said QShop is out to help customers grow from zero to a hundred with technology, adding that the company serves as the middle man that brings all the tools- websites, inventory, payment channels, and logistics to one place.

“QShop’s long-term growth plan is underpinned by a focus on boosting growth for retail-focused businesses. Hence, merchants can expect platform upgrades that include access to credit, markets, and business training,” Hammond said.

Alebiosu said that providing an affordable e-commerce solution through QShop enables SMEs to enhance their ability to achieve business objectives and improve contributions to economic growth, through technology.

“Since the launch of QShop, there has been significant traction among merchants. Over 10,000 SMEs have signed up, and $500,000 has been processed in combined merchants’ sales,” she said.