RoutePay Fintech Limited has been offered a complete operating license by the Central Bank of Nigeria to offer digital payment solutions in Nigeria.
The CBN approved the fintech firm after a careful study and on-site assessment to guarantee it fulfils payment ecosystem developments.
RoutePay received an AIP from the CBN last year. With this approval, Routepay has met all CBN requirements.
“We are glad to inform you that the CBN has approved the issue of a license to operate under the Payment Solution Service Provider (PSSP) in Nigeria,” the apex bank wrote to RoutePay on January 12, 2023.
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The Group Managing Director, Mr Femi Adeoti, says RoutePay is handled by a team of smart individuals that understand Nigeria’s digital payment infrastructure. Adeoti stated, “The CBN approval validates the firm’s trustworthiness in the financial services industry.”
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Routepay allows digital payments
Routepay would ensure that “digital payment solutions are made possible and available in our environment without hassles” in the digital payment and financial technology industries, Adeoti said.
Abayomi Olomu, Routepay’s CEO, said the organization is intentional about enabling the digital payment revolution in a changing and demanding environment. He adds that by removing pain points and improving customer pleasure, the company’s diversified products will improve payment linkages.
He claims that people’s objections range from channel dependability to trust issues and that some still refuse to use their cards for online purchases owing to fraud fears, while others worry about payment channel costs.
Despite awareness, products, services, government policies, and investment in this area, this may explain the poor adoption rate. Despite the amount of financial technology and digital payment service providers, more than 85% of transactions are still cash-based, he added.
RoutePay is highlighting these and other pain issues creatively. We employ an advanced customer experience survey system to gather user feedback and constantly improve our services, procedures, and products.
“We provide digital payment services to anyone, regardless of exposure, technical savvy, region, age, affluence, or education. RoutePay sells on the Web, mobile, POS, ATM, and USSD. “It also includes products and services targeting diverse market segments, demographics, inclinations, and leanings,” he stated.
Routepay will provide access to all its products and services, taking into account users’ literacy levels, geographical areas, ages, and financial capacities.
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About RoutePay
The Nigerian Corporate Affairs Commission has granted RoutePay Fintech Limited proper registration to offer digital payment goods and services.
As part of its mission to “provide payment solutions across borders” and vision to “be the payment solution of choice across all borders,” RoutePay is motivated by the goal to make sure that digital payment is made possible and accessible without complications.
RoutePay’s goals are in line with those of the Central Bank of Nigeria, which is to ensure that everyone in the country has access to financial services, which is why it makes its products and services available to all market segments via a variety of channels.