Access Bank Launches New Product, ‘TraderLite’ For MSMEs

Access Bank Plc. in its bid to stimulate the growth of the economy has launched TraderLite, an account that enables micro businesses, with turnover of between N50,000 to N1 million operate their businesses with their individual name or registered business name.

The bank’s Executive Director, Retail Banking, Victor Etuokwu, speaking at the launch of the new product, said; “Access Bank is already looking at its customers beyond being just customers but as partners.”

“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.”

“That is why the bank’s passion is to offer more than financial services to 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”.

It is noteworthy that TraderLite, a variant of the Diamond Business Advantage account is within the bank’s emerging businesses portfolio. It 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.

Also, the product has two variants namely; DBA TraderLite Individual, which is for individuals with unregistered businesses. DBA TraderLite Business, which is 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.