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CORDAID Trains SMEs on Digital Payment

HomeAYV NewsCORDAID Trains SMEs on Digital Payment

CORDAID Trains SMEs on Digital Payment

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Speaking on Wednesday 13th June at the Africell American Corner at Bathurst Street, Chief Executive officer of mypay, Mahmoud Idriss said the main aim of the training was for entrepreneurs to understand how digital payment enhances the growth of small businesses.

“The opportunities for business growth is significantly higher when small and medium business (SME’s) have digital capabilities,” he said, adding that there is a much higher chance for SMEs to realize growth in their business if they use the digital platform.

Idriss went on to explain that digital payment is a solution to the bottlenecks affecting many businesses, especially challenges in making or receiving payment for business transactions.

He encouraged all entrepreneurs at the training to use e-commerce and digital payment because according to him, “It is a safe and secure means of accepting and making payments and storing finances, which will improve the country’s economy.”

Freddy Hanciles, a farmer and owner of Floric Agriculture Enterprises, in his contribution, informed his colleagues that: “The training has helped me to understand that entrepreneurs will make more money and spend less when they use digital payment.”

The farmer thanked Cordaid for organizing such a training, which he said has given him an insight into digital payment system and taught him how he can use it to improve his business.

Another participant, Mohamed Sesay, CEO of Fish Net, a dealer in raw and dried fish in Sierra Leone, told participants that the training will help him to make delivery and payment methods easier.

“I believe that using digital payment will increase the number of my customers and will enable them to make direct purchase and delivery much easier,” he added.

The clinic is part of Cordaid’s Resilient Business Development Services (RBDS) program, which is being implemented by its Private Sector Department, to provide training that will solve problems facing small businesses as well as provide solutions that will enhance their capacity to build better businesses in Sierra Leone.

Cordaid’s programs in Sierra Leone target economic growth and sustainability as well as innovation in data analysis to influence health policies. Cordaid continues to support the government of Sierra Leone in achieving the sustainable development goals and propel the country from a context of fragility to a middle-income economy by 2030.

Cordaid also works collaboratively with communities to ensure that they know how programs are carried out and how programs impact on youth and women entrepreneurs.

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