Skye Bank Launches Online Shop, YesMall 

Skye Bank Plc has unveiled an online store for the sale of mainly made in  Nigeria products and services.
The new online store, called YesMall, offers a unique experience for the bank’s current and prospective 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. They can also do their transactions by using the ATM machines nearest to them 
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, Mr. 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.
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.
“Available statistics show that the e-commerce sector in Nigeria currently boasts of about 300, 000 online orders daily. Our desire at Skye Bank is to substantially grow these figures and make e-commerce the new trade highway in Nigeria”, he said.
The Skye Bank boss described the YesMall as an e-commerce platform which offers Nigerians cost-effective opportunities to buy and sell online from the comfort of their homes. The Mall will also provide opportunities for many Indigenous Entrepreneurs to showcase their products to a borderless market 
“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.
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 across the country who are also customers of the bank. 
Idowu said the YesMall initiative was a deliberate effort to provide SME owners with business expansion opportunities in a hassle-free manner. On payment arrangement, she said buyers could pay online, pay through any Skye Bank branch or pay at the point of delivery  of goods.
To ensure the success of this value adding service, Idowu enjoined the customers of the bank and non-customers to take advantage of the opportunities in the Yes mall since  physical barrier and distance are no longer impediments to opportunities.

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