Skye Bank Nigeria Launches Online Shopping Platform

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The management of SKYE Bank Plc has recently unveiled an online store for the sale of made-in- Nigeria products and services, in order to encourage and promote the use of goods produced in the country.

YesMall, the new online store, offers a unique experience for the bank’s current and prospective Small and Medium-scale Enterprise (SME) and retail customers who can now buy and sell their products and services from the comfort of their homes by using electronic devices such as phones, tablet, laptop, or desktop. Customers can also do their transactions by using ATM machines.

Speaking during the unveiling of the new online mall in Lagos at the 8th Skye Bank SME seminar series, the Group Managing Director/Chief Executive Officer of Skye Bank Plc, Timothy Oguntayo, said the bank came up with the platform after noticing that some SME operators find it difficult to sell their goods as most of the finished goods end up as items of inventory in the warehouses.

“The introduction of YesMall is, therefore, a deliberate strategy to live the spirit of our mission statement which is using technology to drive innovation and enable consumer lifestyle”, he said.

Noting that e-commerce had gained recognition in both national and global trade, Oguntayo said the bank planned to facilitate the participation of Nigerian SME operators in the global e-commerce sales, which is currently estimated at $1.5 trillion. In addition, he explained that the potential worth of e-commerce in Nigeria put at an estimated $10 billion per annum, offers a huge opportunity for discerning businesses to explore and tap into to grow their market share.

Executive Director, Technology and Service Delivery Channels, Mrs. Markie Idowu, described the Yesmall as an electronic market for showcasing locally made products and services of Nigerian small and medium scale enterprises. She disclosed that Skye Bank has in the last one year provided free capacity building support to over 2500 entrepreneurs who are customers of the bank across the country. Idowu said the YesMall initiative was a deliberate effort to provide SME owners with business expansion opportunities in a hassle-free manner.


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