{
  "id": 19479540,
  "title": "Visa Report Highlights Opportunity to Connect Digital Payments with Business Operations for smes in Nigeria",
  "url": "https://urgent.news/2026/11/11/visa-report-highlights-opportunity-to-connect-digital-payments-with",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T10:22:38.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/11/visa-report-highlights-opportunity-to-connect-digital-payments-with-business-operations-for-smes-in-nigeria/"
  },
  "original_language": "en",
  "account": "Small- and medium-sized enterprises (SMEs) in Nigeria have largely embraced digital payments, but a productivity gap remains according to Visa's Pay and Get Paid 2026 report. While most surveyed SMEs use digital payments, only 29% have integrated solutions connecting payments with broader business management. This integration gap creates friction, with financial administrative tasks like tracking outstanding invoices, organizing payroll records, and preparing financial reports posing challenges for SMEs. Despite this, 94% of surveyed SMEs find an all-in-one payment and business solution appealing. However, adoption has yet to catch up, with only 29% currently using integrated payment and business platforms. Perceived barriers include businesses already having working manual processes, fear of disruption, and distrust in a single provider. SMEs using integrated solutions report high satisfaction (93%) and efficiency gains (88%). Integrated platforms could create new opportunities for financial institutions to offer relevant lending solutions. Visa's Andrew Uaboi emphasized the need for businesses to get more value from digital transactions by connecting payments with management tools, enabling financial institutions to gain deeper insights and offer relevant products and services. Access Bank's Abiodun Olubitan noted the importance of integrated solutions in helping SMEs make informed decisions and unlock new growth opportunities. Visa's global mission is to connect the world through secure, innovative payment solutions, supporting economies to thrive.",
  "summary": "Report identifies next SME digitization opportunity: connecting payments with day-to-day business management. 94% of SMEs surveyed find an all-in-one payment and business solution appealing, yet only 29% currently use one, pointing to untapped demand for tools that connect payments with business management. Integrated payment and business solutions can give financial institutions a more holistic…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Finextra",
        "title": "Global Payments expands Adaptive Authentication platform with Visa",
        "url": "https://urgent.news/2026/11/10/global-payments-expands-adaptive-authentication-platform-with-visa",
        "published": "2026-11-10T14:15:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}