• Latest
  • Trending
Zone launches Blockchain payment Solution to enhance Africa

Zone launches Blockchain payment Solution to enhance Africa

June 10, 2024
Innoson, Nigerian automaker, unveils plan to establish CNG assembly plant

Innoson, Nigerian automaker, unveils plan to establish CNG assembly plant

October 16, 2025
Spotify testing ‘SongDNA’ to show everyone behind your songs

Spotify testing ‘SongDNA’ to show everyone behind your songs

October 16, 2025
$395mn submarine cable project, Medusa, begins deployment to link Europe to Africa

$395mn submarine cable project, Medusa, begins deployment to link Europe to Africa

October 16, 2025
Chari raises $12M, gets Morocco’s first VC-backed payment license

Chari raises $12M, gets Morocco’s first VC-backed payment license

October 16, 2025
NCBA unveils ConnectPlus to improve businesses in Kenya

NCBA unveils ConnectPlus to improve businesses in Kenya

October 16, 2025
Slack supercharges Slackbot with smarter AI capabilities

Slack supercharges Slackbot with smarter AI capabilities

October 16, 2025
Gemini AI now handles your Google Calendar meeting scheduling

Gemini AI now handles your Google Calendar meeting scheduling

October 16, 2025
Sun King, REA partner to boost access to clean energy

Sun King, REA partner to boost access to clean energy

October 16, 2025
ChatGPT to allow erotica for adult users, Sam Altman says

ChatGPT to allow erotica for adult users, Sam Altman says

October 16, 2025
UNILAG partners with OpenAI to bring first African academy to Lagos

UNILAG partners with OpenAI to bring first African academy to Lagos

October 16, 2025
How Nigerian innovators are transforming lecture notes for the digital age

How Nigerian innovators are transforming lecture notes for the digital age

October 16, 2025
PayTabs, Valu launch contactless payment system for Egyptian merchants

PayTabs, Valu launch contactless payment system for Egyptian merchants

October 15, 2025
Techpression
Advertisement
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
Friday, October 17, 2025
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency Blockchain

Zone launches Blockchain payment Solution to enhance Africa

Saibu Grace by Saibu Grace
June 10, 2024
in Blockchain
150 2
0
Zone launches Blockchain payment Solution to enhance Africa
470
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Zone, a well-known payment infrastructure provider in Africa, has introduced an innovative Point-of-Sale (POS) payment method solution powered by blockchain.

Building on the success of its ATM transaction processing service, this step aligns with the organisation’s objectives of improving payment capabilities across multiple platforms.

The groundbreaking PoS payment gateway product from Zone is set to revolutionize the African payment landscape. Empowering banks and fintech companies, this innovative solution facilitates seamless and efficient transactions through their PoS payment terminals.

Read also: Lagos Blockchain Week to showcase blockchain, crypto, AI innovations interconnectivity

RelatedPosts

Bitget lets Nigerians trade crypto and U.S. stocks in one app

Bitget lets Nigerians trade crypto and U.S. stocks in one app

October 12, 2025
Mastercard, Coinbase are in talks to acquire South Africa-founded BVNK

Mastercard, Coinbase are in talks to acquire South Africa-founded BVNK

October 11, 2025

Where to trade Bitcoin after Paxful winds down in Nigeria

October 11, 2025

SWIFT’s blockchain move could redefine African cross-border payments

October 8, 2025
Load More

By leveraging Zone’s decentralised payment switching network, the product enables direct routing of transactions to issuers, leading to faster processing times, increased reliability, and reduced transaction costs. This transformative solution aims to make a secure and scalable payment infrastructure available for all stakeholders, ushering in a new era of digital payments in Africa.

Zones Payment Switch to transform interbank transactions

Zone’s status as a registered payment switch by the Central Bank of Nigeria (CBN) is a testament to its commitment to regulatory compliance. This allows Zone to implement direct transaction routing to issuers without violating inter-bank payment regulations, ensuring efficient and secure financial transactions.

Zone’s journey from AppZone to its current focus on blockchain-based payments is a strategic shift that reflects the company’s evolution. This transition was further strengthened by a successful $8.5 million seed fundraising round three months ago, demonstrating the market’s confidence in Zone’s strategic direction.

Zone’s strategic entry into the PoS industry is not only a business move but also a testament to its commitment to regulatory compliance and transparency. The zone is leading the way in perfect alignment with Nigeria’s initiative to strengthen laws that affect PoS agents.

As per the federal government’s directive, all 1.9 million PoS agents in Nigeria must register with the Corporate Affairs Commission (CAC) by July 7, 2024, to improve transparency and fight fraudulent activities. Zone’s proactive approach to this directive underscores its dedication to ethical business practices and the welfare of the Nigerian financial ecosystem.

Zones PoS Objectives: Elimination of Fraud and Same-Day Settlement

The organisation’s PoS payment objective is to transform PoS transactions by enabling same-day settlement for beneficiaries and their financial institutions.

Additionally, it seeks to eliminate chargebacks and chargeback fraud by automatically refunding customers for unsuccessful transactions and reducing fraudulent chargebacks in real time.

Read also: Africa Adopts Modern Technology to Improve Governance

The launch of Zone’s PoS payment gateway product is not just a milestone for the company but a testament to its unwavering commitment to financial inclusion and the digital future of payments in Africa.

The co-founder and CEO, Obi Emetarom, expressed his enthusiasm for this significant step, highlighting that this product is a commitment to their vision for a world where individuals and businesses can make and receive instant payments to and from anyone worldwide through any payment method and in any currency. His passion and vision inspire confidence in Zone’s ability to shape the future of payments in Africa.

Even though Zone is not the only company in this market, it has grown its blockchain infrastructure to include PoS payment platforms for financial institutions. Interswitch, eTranzact, and Unified Payments are more payment infrastructure companies that provide PoS payment gateways.

Tags: BlockchainPOSZone
Saibu Grace

Saibu Grace

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business
  • Home
  • About
  • Contact Us
  • Advert Rate
  • Terms & Conditions
  • Privacy Policy
  • SiteMap

© 2025 Techpression

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.