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Nigeria’s retail Point-of-Sale solution provider, ZirooPay has embarked on an aggressive drive to deepen the penetration of its unique mobile, POS, technology as part of its strategic initiatives to boost market share while driving financial inclusion.
Over the next months, ZirooPay hopes to grow its network of mobile POS around Nigeria by adding no fewer than 20,000 mobile POS, on the heels of a successful funding round, which has positioned it to tap into the growing opportunities in Africa’s retail sector.
Recall that ZirooPay is reputed for a patent of a unique and efficient mobile POS technology that enables small businesses to process card payments in real-time, even when there is no internet/data connection, strategically positioning it to drive financial inclusion in a country that has achieved only 63 per cent financial inclusion and 33.6 per cent of broadband penetration.
ZirooPay’s payments solution is fast, simple and reliable, delivering a 95 per cent transaction success rate for POS transactions compared to the industry’s average of 25 – 50 per cent.
The solution leverages its unique and patented internet-free technology, to enable SMEs (across the retail, agency banking, hospitality and services sectors) to process in-person payments, track their sales, and manage their businesses from their mobile devices.
Beyond payments, ZirooPay also provides merchants with automated sales history, sales analytics, and inventory tracking to help them monitor and manage their businesses more efficiently. ZirooPay’s superior transaction success rate and the integrated nature of its service stand it out from the competition.
The payment provider, which started operations in Nigeria in 2019, has organically grown to 15,000 merchants processing over $500m in 10m transactions and looks to replicate this success across Africa.
Omoniyi Olawale, the Chief Executive Officer, CEO of ZirooPay, while speaking recently, said this is part of several initiatives aimed at empowering more SMEs to take effective control of their businesses, adding that the firm is committed to deepening access to ZirooPay’s invaluable payment services for all sizes of retail business both in rural and urban centres in Africa.
He explained that innovative payment solutions such as ZirooPay will remain an imperative as wholesale and retail sectors continue to dominate Africa’s contribution to its GDP, even as population growth and rapid urbanisation continue to drive consumption across the continent.
He said, “ZirooPay has set out to build an operating system for retail in Africa by providing solutions that not only drive financial inclusion but also support the payment infrastructure needed for retail to thrive on the continent.
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Independent Newspapers Limited, registered on July 17, 2001 (RC No: 419927), commenced publication on October 1, 2001. With registered office at 8, WEMPCO Road, Ogba, Ikeja, it publishes INDEPENDENT, Monday - Friday, Saturday Independent, Sunday Independent, independent.ng, TV Independent on YouTube and IndependentNgr (Facebook, Twitter & Instagram).
Yul Edochie Laments Rate Of Kidney Failure In Nigeria
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Yul Edochie Laments Rate Of Kidney Failure In Nigeria
Candybleakz Returns With Debut EP, ‘Fire’
Teni Releases Two New Singles, ‘Little’, ‘Legendary’
Ekiti Gov-Elect: Popular OAP, AY Nigeria Sets Agenda For Oyebanji
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Eight Medical Professionals Charged With Homicide In Maradona’s Death For Trial
WAFCON: Oshoala, Ebi, Plumptre, 22 Others Make Waldrum’s List
JUST IN: Wayne Rooney Quits As Derby County
2023: Expert Charges Candidates On Food, Nutrition Security
Applicants Jostle For £20m InnovateUK’s Energy Catalyst Funding
Anambra To Build Tourism, Leisure Park At Agulu Lake
Turkey Battles Wildfire For Third Day Near Aegean Coastal Resort Of Marmaris
Biden Administration Approves Student Loan Forgiveness For Another 45,000 Public…
Roe v Wade: US Supreme Court Ends Constitutional Right To Abortion
Politicising Owo Church Massacre Danger For 2023 Polls
2023: How Choice Of Running Mate Will Determine Buhari’s Successor
APC Primaries: Tinubu’s Outburst Against Buhari Slashes Northern Support,…
Aziegbemi’s Loyalty To Obaseki: Another Look At Edo PDP Crisis
Okowa’s Factor In Atiku’s Presidential Race
Profitable And Unprofitable Vessels To The Lord
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