Thursday, July 31, 2025
23.8 C
Lagos

Access Bank Unveils TraderLite Product for Micro SMEs

In the bid to stimulate the growth of the economy, Nigeria’s leading retail bank, Access Bank Plc has launched TraderLite, an account that enables micro businesses, with turnover between N50, 000 – N1Million, operate their businesses with their individual name or registered business name.

Speaking at the launch of the new product, Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc, said the bank looks at its customers beyond being just customers but also as partners.

In his words: “The future of Nigeria’s economy is Small and Medium-Scale Enterprises because they can provide more than enough jobs to the unemployed if empowered. And that is why the bank’s passion is to offer more than financial services to its customers and also work with them in growing and expanding their businesses. Whichever category you fall into; we are here to work with you to take your business to a whole new level.”

TraderLite , a variant of the Diamond Business Advantage account within the Bank’s emerging businesses portfolio, is specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment while equipping them with the required skills to grow their businesses.

The product has two variants namely: DBA TraderLite Individual, which is for individuals with unregistered businesses and DBA TraderLite Business, for registered businesses.

The Diamond Business Advantage proposition from Access bank has been designed to add value to Micro, Small and Medium scale business owners so that they can grow their businesses with smart banking. The proposition provides SME’s market linkages, increased referral base and networks that enable them scale the hurdles of accessing new markets for their products.

Networking sessions such as Business Clubs, Business clinics, and Business seminars enable MSME customers expand their referral base through interacting with other MSMEs.

Access Bank is the leading retail bank in Nigeria with over 600 branches and more than 40 million customers. The Bank offers products and services tailored to suit the lifestyle of every Nigerian irrespective of age and demographic.

 

spot_img
spot_img

Hot this week

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

NAICOM Issues Guidelines for Insurtech Operations Effective Aug 1

The National Insurance Commission (NAICOM) has officially issued operational...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

Topics

£15bn Petro Union Fraud: Attorney-General of the Federation Steps In

In a significant move to safeguard Nigeria from potential...

Cost of Global Cybercrime to Reach $2.1tr in 2019

By Doros Hadjizenonos Regional Director – SADC at Fortinet As the...

Nigeria: 2018 GDP Forecast Climbs to 2.6%

The National Bureau of Statistics (NBS) released Q4:2017 Gross...

PenCom Debunks Allegation of Financial Impropriety Against its DG

Management would like to alert the public to the...

NESTLE: Building Sustainability into Product Design Process

The Nestle Brands The way a product or service is...

UN Study: Digital Payments Boosts Tax Revenue by $500m Annually in Tanzania

A new study from the United Nations-based Better Than Cash Alliance provides findings...

Insurance September 2021: Remaking Insurance to Serve Stakeholders Effectively

The fifth edition of Insurance September, an annual interactive...
spot_img

Related Articles

Popular Categories

spot_imgspot_img