Tech

Nigeria’s Zone launches decentralised PoS payment gateway

Nigerian startup Zone, a fast-growing payment infrastructure company, has announced the launch of its PoS payment gateway product, built on the latest version of its next-gen payment infrastructure that is powered by blockchain technology. 

Zone has developed a layer-one bockchain network that digitises fiat payments and enables the transition to digital currencies while connecting previously excluded financial institutions into an all-inclusive payment ecosystem. 

By harnessing the power of blockchain, Zone’s blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers. Zone has a unique position as Africa’s first regulated blockchain network for payments and has already signed up over 15 of Africa’s largest banks and fintech companies.

The company recently raised US$8.5 million in seed funding in a round led by Flourish Ventures and TLcom Capital, and it is now following up the success of its ATM transaction processing service with the rollout of its PoS payment gateway. This further fulfils Zone’s promise of delivering reliable, frictionless and universally interoperable payments across multiple payment channels.

At the core of Zone’s PoS Payment Gateway is its regulated layer-1 blockchain network, which guarantees the security, reliability and transparency of every 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,” said Obi Emetarom, CEO and co-founder of Zone. 

“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.”