Apply for the FCMB payroll solution challenge for MSMEs

November 10, 2018
1 min read

FCMB is seeking an innovative payroll solution for MSMEs.

MSMEs are unstructured. They're known for poor record-keeping practices and inconvenient salary payment process, which doesn't help in keeping a history of payments and isn't capable of managing the complications of statutory deductions, payment processing, and pay-slip printing and archival.

This has made it difficult for them to access bank financing & other government-led capital assistance programs, which are critical to their growth.

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In recent times though, MSMEs have shown readiness to comply with operational standards.

For this reason, First City Monument Bank has launched a challenge on Passion Incubator's, platform (a startup-corporate collaboration platform) seeking an innovative payroll management solution for MSMEs.

The Challenge is open to registered businesses/startups in Nigeria that have developed a similar project. To be a part, you can register here.

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