MoMo PSB Partners Vendy Ltd to Deepen Financial Inclusion with Launch of WhatsApp Shop

As part of its commitment to driving innovation in the digital financial services sector, MoMo Payment Service Bank (PSB) and Vendy Ltd has teamed up with tech firm, Vendy Ltd to introduce WhatsApp shop, a platform which enables businesses to easily set up online stores, accept payments, and directly engage with customers through WhatsApp.

The announcement, made during the Moonshot by TechCabal tech conference, marking a new chapter in the integration of technology and commerce in Nigeria.

This partnership aims to redefine the shopping experience, leveraging WhatsApp’s widespread use to make access to products and services, simpler and more convenient for millions of Nigerians.

The collaboration merges MoMo PSB’s extensive distribution network with Vendy Ltd’s cutting-edge technology solutions to enhance financial inclusion across Nigeria. With over 19 million registered users, MoMo PSB has been instrumental in bringing digital financial services to underserved communities.

The newly launched WhatsApp shop allows users to browse, order, and pay for products directly within the app, delivering a streamlined and intuitive shopping experience for smartphone users.

Abiodun Odelola, Manager, Brand and Communications at MoMo PSB, emphasized the impact of the partnership, saying, “Our goal is to create an experience that brings financial services closer to the people while driving economic growth, and this collaboration with Vendy Ltd aligns with that vision.

“By integrating our payment solutions directly into a familiar platform like WhatsApp, we’re making everyday transactions more accessible to Nigerians.

“It’s about meeting people where they are and offering them a simple, secure way to shop and pay.

“We’re excited about how this will open up new opportunities, especially for those who may have been left out of the digital economy for too long,”

The WhatsApp shop taps into the platform’s global user base of over 2 billion, delivering a more convenient and accessible shopping experience.

As mobile communication continues to dominate in Nigeria, this strategic integration is expected to attract users from diverse backgrounds, further cementing WhatsApp’s role as a crucial tool for daily transactions.

Since its launch in April 2022, MoMo PSB has rapidly become a leader in Nigeria’s mobile money market, with a focus on accessibility and inclusion.

This collaboration with Vendy Ltd reinforces its commitment to bridging the gap for underserved populations, offering digital financial solutions that are as easy to use as sending a message on WhatsApp.