April 14, 2023
Every year, micro, small and medium-sized enterprises (MSMEs) accept over $19 trillion in cash payments globally. About 100 million of these MSMEs are in Africa, with 42 million in Nigeria alone. However, many businesses in Nigeria still struggle with payment-related challenges.
In 2021, OurPass started as a one-click checkout service; however, we studied the market and recognized a need to provide end-to-end solutions for businesses. This led to a pivot from a one-click checkout service to a global bank for businesses.
According to Samuel Eze, the Founder, and CEO of OurPass, "Our mission is to create a borderless world of successful businesses. We are committed to making it easier for businesses, irrespective of size and location, to gain access to banking services, but we are not stopping there. We also provide them access to all the payment and business management tools they need to grow and thrive.”
What does this mean for you and your businesses?
You can now accept instant payments, get a free business bank account, apply for no-collateral business loans, and manage your business with smart team management tools. The OurPass business app is everything you need to start, scale, and run your business: all in one place.
Access to Banking Services
Our banking tools are what every business needs to be in charge of their finances and control their cash flow. We’ve introduced the following:
• The Free Business Bank Account
For many small business owners just starting out, mixing personal and business income is a major challenge. This is why we've included a free business account for all businesses on OurPass. This free business bank account is the perfect solution for businesses that want complete control and transparency at no cost for their businesses.
• Business Loans
Access to working capital ensures businesses have the resources and cash flow to grow. However, credit constraints are a serious challenge for 51% of businesses in SubSaharan Africa. Without easy access to credit, SMEs can’t make investments needed for business growth. This is why OurPass has made it possible to access loans and get approval in a few days or less to enjoy the financial boost with low-interest rates and a flexible repayment plan to keep your business running.
Quick and Instant Payments
Whether you need to accept payments securely from remote locations or in person, we have an OurPass payment option for you. Take advantage of our unique payment tools like:
• Point Of Sale Terminal (P.O.S.)
Card selection, delayed reversal of money, inconvenience to withdraw cash, and fake transactions are some issues P.O.S. terminals face. With long battery life, OurPass Smart P.O.S. help small and large enterprises can accept all card payments, access their account balance, and pay bills.
Majority of small enterprises still keep records manually. Many times, this results in missing records, time wastage, and a shortage of business capital. The OurPass invoice tool allows you to create and send professional invoices to your customers easily. It is designed to save you time and help you keep professional records of all your business transactions.
• Payment Links
Processing and making payments for goods and services should be easy and not complicated. Make paying you easy for your customers by sending the OurPass payment links to your customers. In just a few clicks, you create a link and share it with them.
• QR Codes
There ought to be an unrestricted range of payment methods available for customers to use when purchasing items. Get a customized OurPass QR code, which enables you to accept contactless payments in a prompt and secure manner.Create your free account to get yours now.
Business management on the go
The team management tools are what every business needs to manage their multiple stores in one place effectively. We’ve rolled out the following:
• Team Management
Managing your team members across multiple branches can be tough and very stressful especially when you have to do it all alone. Even so, getting too frequent calls and messages from your team members, to carry out tiny tasks can be frustrating when you have more important things to do. We are solving this headache with OurPass. You can now assign specific roles to different team members and easily manage different sub-accounts no matter where you are in the world.
Owners of both small and large enterprises should have convenient access to their branch operations from any location around the globe. It would be beneficial to have the ability to manage multiple branches, monitor transactions across all sub-branches, and improve overall management. Using OurPass Sub-Businesses, you can receive a comprehensive operational report for all of your business branches in one place, right from your phone.
OurPass currently serves thousands of customers, including some of the biggest retail outlets in Nigeria, like Spar, Shoprite, and EatnGo, processing about 1,000,000 transactions monthly. We welcome all small, medium, and enterprise business owners to join us on this journey. Please create your free account here.