Nigerian Fintech Zone Unveils Blockchain-Powered PoS Payment Solution

Nigerian startup payment infrastructure company Zone has released the POS payment gateway product to go with its new payment infrastructure integrated with a blockchain backbone.

Zone has created a layer-one Blockchain network that disburses fiat transactions and finalizes the process of converting to digital currencies, as well as integrating financial entities that were previously out of the global payment chain.

As the ecosystem of the blockchain is the technological platform of the Zone, its blockchain network provides FS providers and their clients with efficient, fast, and compatible payment solutions and services at any needed scale. It operates in a very peculiar field, since it is Africa’s first regulated blockchain network for payment and already has more than 15 of Africa’s largest banks and fintechs signed up.

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The firm recently managed to secure seed funding of US$ 8.5 million which was closed with the participation of Flourish Ventures and TLcom Capital and now, the company is following the success of its ATM transaction processing service with POS payment gateway. This further fulfils Zone’s promise of bringing payments that are assured, smooth and easily acceptable on multiple modes of payments.

Layered at the technical foundation of Zone’s POS Payment Gateway is a layer one blockchain CP that ensures the quality, security, and immutability of any transaction.

“Today marks a pivotal moment not just for us at Zone, but also for the Financial Institutions we enable, and the esteemed customers they serve,” CEO and co-founder of Zone, Obi Emetarom, said.

“Our POS payment gateway product is a commitment to financial inclusion and to the digital future of all payments in Africa. With this new offering, we are excited to have taken yet another major step towards our vision for a world where individuals and businesses can make and receive instant payments to and from anyone in the world, through any payment method and in any currency.”