Nearpays Technology Limited, a startup company based in Nigeria, emerged victorious in the Fintech and Blockchain category of the Supernova Challenge held in Morocco during GITEX Africa.
A monetary reward in the amount of 10,000 United States Dollars as well as a free trip to GITEX Global, which will be held in the United Arab Emirates in October 2023 and will be hosted by the Dubai World Trade Centre, has been granted to Nearpays.
This information was made public in a statement by Mrs Hadiza Umar, who serves as the Head of Cooperate Affairs for the Nigerian National Information Technology Development Agency (NITDA).
Read also: Tanzanian biotech firm NovFeed, wins $1 million Milken-Motsepe Prize in Agritech
What Nearpays has in store for its Clients
Clients can take advantage of a full range of financial services, from beginning to end, with Nearpays’ full-service financial payment platform. On the premise that transactions should go off without a hitch, it is equipped with a number of features that will, to the greatest extent possible, streamline online payment processes.
In addition, it provides a comprehensive selection of services, which may include personal and business banking, internet banking, and virtual debit cards.
Blockchain technology is used by the platform to build a decentralised payment system, which in turn makes the network more safe and efficient than traditional payment systems. The platform was established by Victor Daniyan.
As a fintech payment company that aims to boost financial inclusion by ensuring card transactions are more affordable and simple using NFC and scan-to-pay technology.
Nearpays is currently making headway in the Nigerian market with the intention of expanding into other markets in Africa. Additionally, the company intends to introduce its services in Europe and the United States in the not too distant future.
Kashifu Inuwa, Director General of NITDA, praised Nearpays for bringing Nigeria’s name to the attention of audiences around the world.
According to what he claimed, the triumph was a “proud moment for Nigeria and that it was a testament to the hard work and dedication of the company’s founders and team”.
What NITDA thinks of Nearpays’ Sucess
According to the Nigerian Information Technology Development Agency (NITDA), the success of Nearpays at GITEX Africa Morocco is a portent of many good things to come for the Nigerian startup ecosystem, particularly now that the Nigeria Startup Act is in the stage of implementation.
A sizable and expanding segment of the country’s population is comprised of tech-savvy young businesspeople. These businesspeople, who have the backing of the government, are well positioned to make a big contribution to the economy of the entire world.
Sixty-seven Nigerian startups took part in the first edition of GITEX Africa, which reaffirmed the country’s burgeoning tech ecosystem and gave a platform for them to exhibit their cutting-edge ideas, gain invaluable exposure from the global tech community, and attract potential investments that will catalyse Nigeria’s digital economy. GITEX Africa was held in Nigeria, which reaffirmed the country’s burgeoning tech ecosystem and provided a platform for them to exhibit their cutting-edge ideas.
The narrative concerning Africa’s technological potential is being rewritten as a result of the continued success of Nigerian tech startups on the international stage.
Nigerian startups are positioned to make a revolutionary change, establishing the country at the forefront of technology innovation in Africa and beyond, thanks to the original ideas and entrepreneurial drive of Nigerian startup founders, as well as the support of the Nigerian government and international investors.
Tunisian B2B e-commerce startup Kamioun set to become the leading platform for corner shops
Remarks from some Executives
The Chief Executive Officer of NITDA stated that the Nigerian government had enacted several policies over the past several years, most notably the National Digital Economy Policy and Strategy, also known as NDEPS, which creates an environment conducive to the growth of digital innovation and entrepreneurship.
“In addition, the Nigerian government equally enacted the Nigeria Startup Act (NSA) to provide an enabling environment for the establishment, development and operation of startups in Nigeria.
“The government’s policies have helped to attract investments in the Nigerian digital economy sector and have led to the growth of a number of thriving startups, such as Nearpays. The government’s continued support for the sector is helping Nigeria to become a leading hub for talent and innovation in the world.
“The success of Nearpays is a testament to the potential of the Nigerian startup ecosystem. The country has a large and growing population of young and tech-savvy entrepreneurs. With the support of the government, these entrepreneurs are poised to make a significant impact on the global economy,” NITDA CEO added.
Inuwa, the Director General of NITDA reaffirmed that the Nigerian government was dedicated to the creation of an environment that was favourable for beginning businesses and that it would continue to provide support for the industry.
“The government is committed to creating a conducive environment for the growth of the startup ecosystem. We will continue to provide support to startups through enabling policies, programs, and initiatives”, he said.
Victor Daniyan, the CEO and Co-founder of Nearspays, expressed his gratitude for the accolade while also stating that the award is a.” significant milestone” for the company and that it would “help us to further accelerate our growth and expansion plans.”
He also remarked that it was an honour to represent Nigeria at the global scene and that they are devoted to using technology to solve some of the most serious concerns facing Africa.