SKYE Bank Plc has said it unveiled an online store for the sale of mainly made in Nigeria products and services.
Speaking during the unveiling of the new online mall in Lagos at the 8th Skye Bank SME seminar series, the Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Timothy Oguntayo, said the bank came up with the platform after noticing that some SME operators find it difficult to sell their goods as most of the finished goods end up as items of inventory in the warehouses.
Noting that e-commerce had gained recognition in both national and global trade, Oguntayo said the bank planned to facilitate the participation of Nigerian SME operators in the global e-commerce sales which is currently estimated at $1.5 trillion.
In addition, he explained that the potential worth of e-commerce in Nigeria put at an estimated $10 billion per annum, offers a huge opportunity for discerning businesses to explore and tap into to grow their market share.
The Skye Bank boss described the YesMall as an e-commerce platform which offers Nigerians cost-effective opportunities to buy and sell online from the comfort of their homes. The Mall will also provide opportunities for many Indigenous Entrepreneurs to showcase their products to a borderless market
Executive Director, Technology and Service Delivery Channels, Mrs. Markie Idowu, described the Yesmall as an electronic market for showcasing locally made products and services of Nigerian small and medium scale enterprises. She disclosed that Skye Bank has in the last one year provided free capacity building support to over 2500 entrepreneurs across the country who is also customers of the bank.
Idowu said the YesMall initiative was a deliberate effort to provide SME owners with business expansion opportunities in a hassle-free manner. On payment arrangement, she said buyers could pay online, pay through any Skye Bank branch or pay at the point of delivery of goods.