A Nigerian fintech company called ErrandPay has created a low-cost point-of-sale (POS) system to help microfinance banks (MFBs) and fintech founders.
According to the company, the goal of the solution is to break the chains of innovation limitations, slow market entry, and stakeholder management that have kept MFBs from accepting digitalization and reaching their full potential for a long time.
ErrandPay’s founder and CEO, Ajibola Awojobi, said, “ErrandPay’s huge success is due to strong partnerships with Nigeria’s biggest banks.
These strategic partnerships allow ErrandPay to use the knowledge and infrastructure of well-known financial institutions to make sure that their innovative POS solutions are always stable and reliable.
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“By working with these big names in the industry, ErrandPay offers cutting-edge technology, unbreakable security, and seamless integration with MFBs and other fintechs,” he said. “All of this is done without the need for large up-front investments or complicated technical details.”
Read also: Errandpay Takes on African FinTechs and others with Agency Banking
Paul Dureke, the Chief Technology Officer of ErrandPay, says that the company’s partnerships with Nigerian banks and licenced payment processing companies give microfinance banks help and resources that can’t be found anywhere else.
“To help MFBs deal with the problems they face, ErrandPay’s main goal is to remove barriers and come up with creative solutions that make it easy for MFBs and fintech founders to offer digital payment services,” Dureke said.
The company also said that its dedication to innovation goes beyond making low-cost POS systems. The company is always trying to come up with new, cutting-edge technologies that allow MFBs and other similar businesses to offer digital solutions that give their users seamless features, better security, and a good payment experience.
ErrandPay’s low-cost POS and innovative collaborations
ErrandPay says that its cheap POS solutions, which are made possible through partnerships and a commitment to innovation, are a big change in how microfinance banks work and how they treat their customers.
ErrandPay said, “By making digital payments more accessible to everyone, we break down barriers, allowing MFBs and fintech founders to broaden their horizons, reach underserved communities, and create a remarkable path towards financial inclusion in Nigeria.”
About ErrandPay
ErrandPay is a financial technology business that helps people pay for things in cities by using innovative technology.
ErrandPay is known as a traveller’s closest friend and an intra-African trader’s loyal partner. ErrandPay makes accessing local currencies in any African country easy from home. Paying local bills or services has never been easier. Start by funding the ErrandPay balance with any currency.