Mastercard and Alerzo Partner to Accelerate Digital Transformation for Nigerian MSMEs

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Mastercard has joined forces with Nigerian B2B e-commerce platform Alerzo and the USAID-funded e-Trade Alliance to drive digital transformation and financial inclusion among micro, small, and medium-sized enterprises (MSMEs) in Nigeria. The partnership aims to empower over 10,000 small businesses by the end of the year.

The initiative introduces innovative digital tools, including Alerzoshop, a B2B digital marketplace, and Veedez, a payment and business management platform. These solutions will be integrated with Mastercard’s technologies such as Tap to Pay, QR codes, and Payment Gateway Services.

Together, these offerings will address critical challenges faced by Nigerian MSMEs, such as inefficient supply chains, manual inventory processes, and limited access to financial services.

This collaboration aligns with Mastercard’s global ambition to integrate one billion people and 50 million micro and small businesses into the digital economy by 2025. Folasade Femi-Lawal, Mastercard’s Country Manager for West Africa, emphasized the partnership’s transformative potential.

“Mastercard is committed to driving financial inclusion and empowering small businesses worldwide. Our collaboration with Alerzo, and the e-Trade Alliance in Nigeria provides MSMEs the digital tools and resources needed to thrive in today’s digital economy. This collaboration demonstrates the immense possibilities that can be unlocked through the power of public-private partnerships.” said Folasade Femi-Lawal.

Alerzo CEO Adewale Opaleye echoed the sentiment, emphasizing the company’s role in fostering a cashless economy.

“We are delighted to collaborate with Mastercard, and e-Trade Alliance for this digital transformation project in Nigeria. This initiative is part of our commitment to connecting millions of MSMEs in Nigeria to a world where digital connectivity is integrated into their businesses, making them more profitable and fulfilling.” stated Adewale Opaleye.

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The initiative also includes targeted financial and digital training programs and infrastructure enhancements to streamline payment processing through Mastercard’s network. By combining digital education with practical tools, the partnership supports sustainable growth and positions MSMEs for long-term success.

Michael Poor, Senior Manager at Nextrade Group, an implementing partner of the e-Trade Alliance, highlighted the collaborative effort’s broader impact.

“Together with Alerzo and Mastercard, we are committed to empowering small businesses with the knowledge and tools they need to succeed to power more inclusive, sustainable growth in Nigeria.” noted Michael Poor.