Glovo PartnersVisa to Empower Growth-minded SMEs

Leading multi-category app Glovo has announced that it has teamed with Visa, to empower small-to-medium enterprises (SMEs) through a series of online training courses.

“The collaboration is a result of Glovo and Visa’s shared belief that SMEs are the pillars of our global economy. The programme sits under Glovo’s umbrella programme, Glovo Local – an initiative to help bolster SMEs so that they can thrive in an increasingly digital world, “it said in a statement.

Head of Impact and Sustainability at Glovo, Sébastien Pellion, said: “We are using this opportunity to further our offering to SMEs and to strengthen a collaborative ecosystem for entrepreneurs and business owners that shape our cities. Only 20% of SMEs in the markets where we operate sell via digital channels, resulting in a huge potential for them to tap into new customer bases. Partnering with Visa is another opportunity to support SMEs on their digitalisation journey and accelerate small and independent businesses in regions like Africa, which has ample opportunities for local business owners. We’re confident that Visa can aid us in fuelling local economies through formalised, community-driven initiatives.”

Vice President and Head of Social Impact, CEMEA, Visa, Carl Manlan, said: “Visa acknowledges that SMEs are the backbone of economic growth and inclusion and equipping them with innovative solutions and resources with our partners is essential. Small, independent businesses account for more than half of Europe’s GDP and employ around 100 million people[1]. In Africa, SMEs account for 95% of all registered businesses and contribute to about 50% of the total GDP in Sub-Saharan countries[2]. Globally we are moving from hundreds of millions of sellers – large and small – to billions of sellers around the world.