Nigerian company OnePipe launched the PaywithAccount system to simplify and automate collections, improving cash flow and reducing payment delays.
Introduction to PaywithAccount
PaywithAccount allows businesses to collect payments directly from customer bank accounts automatically and securely without the need for cards or complex operations. This solution was presented at an event in Lagos and aims to support small businesses in tackling payment delays.
Importance for Small Businesses
Many small business owners in Nigeria face constant challenges in managing cash flow. According to PwC, 48% of small enterprises experienced payment delays. Business leaders like Mrs. Olumide Ashade from King's Court School in Lagos already notice the benefits of automation through PaywithAccount.
Expert Opinions
The PaywithAccount launch featured key industry figures. OnePipe Founder Ope Adeoye stated that small businesses are the backbone of the economy, and the new solution is created to support their growth. Other speakers like Ngover Ihyembe-Nwankwo and Adedeji Olowe highlighted the importance of reliable payment systems for advancing the financial space and emphasized how PaywithAccount will help solve current issues.
PaywithAccount promises to be a significant step towards simplifying financial operations for small businesses in Nigeria, contributing to their growth and stability.
