Connect with us

News

PAY WITHOUT CARD, A C’GATE SOLUTION, MAKES DEBUT

Published

on

CoralPay has deployed the first interoperable USSD and mobile payment platform to Nigerians desirous of a seamless and secure payment solution. The solution, which fulfills the mantra of being Africa’s Gold Standard for payments, allows for enhanced interoperability amongst stakeholders in the payment ecosystem.

The solution, according to the CEO CoralPay Chioma Nkechika, allows customers using the USSD short codes of their respective banks alongside their Mobile Apps to pay for goods and services directly from their bank accounts and wallets. The transactions are accepted on POS terminals, and ATMs, with receipts printed or on eCommerce sites with emails sent to registered addresses.
The C’Gate solution, which is already being adopted and deployed by leading Nigerian banks and Mobile Money Operators (MMOs), seamlessly enables USSD to POS, USSD to Web, USSD Fast Transfer transactions, USSD on App, USSD to ATM, and CiCo (USSD Cash-In and USSD Cash-Out) on POS, offering customers more flexibilities and payment options than anything currently available in the Nigerian market.
Zenith Bank has led the adoption of the C’Gate solution as an addition to its e-payment offerings, with other banks like GTBank, UBA, Access Bank, FCMB, FirstBank, Fidelity Bank, Wema Bank, Keystone Bank, Sterling Bank, Providus Bank and others following suit at various levels of integration and deployment.
POS transactions have grown significantly, with total transaction count up (YoY) from 63.7million to 146.3million transactions, with corresponding value rising from N758.9 billion to N1.4 trillion as at the December 2016 and December 2017 respectively. This excludes web payments, ATM operations and mobile money transfers, all of which are now seamlessly integrated with the C’Gate Platform.
CoralPay Technology Limited, a payment switching and transaction processing company, earlier in the year announced its entry into the Nigerian payment industry with a solution, in partnership with Alipay International to ease online transactions for the Chinese, other Asian consumers and African merchants starting with Nigeria.
The partnership further expands Alipay’s footprint in Africa and opens the door for its more than 520 million active users in China, to make online payments via the CoralPay platform. Speaking on the agreement, the CEO of CoralPay assured Nigerians of the company’s ability and capacity to deliver on the African franchise, leveraging on their business network and partnerships.

On C’Gate, the CoralPay boss said that the solution was designed and developed locally, leveraging on the global experience and expertise of the company’s engineers, drawing on the declared mission to build ‘Africa’s Gold Standard’ for payment, encouraging financial institutions and SMEs grow capacity through financial inclusion and innovation. He further hinted that the C’Gate platform as deployed, is the first of several breakthrough solutions the company has in its pipeline, adding that they are well-primed to bring more innovative services into the Nigerian market.

On the advantages of C’Gate, the CEO, said customers are now liberated from their cards and can now transact on POS, Web and ATM-like transaction without their payment cards, while confirmation is received via printed receipt at the point of interaction or email. Customers can carry out these transactions remotely or while physically present with the merchant.
With the inclusion of key billers and agency banking on the C’Gate platform, customers are also able to carry out bill payments and CiCo (cash-in/ cash-out) at agent locations. Additionally, he said the C’Gate ensures safer, faster and easier transactions for the customer, as card details are not required, and not dependent on Internet access. No new deployment costs are incurred as all transactions occur using the existing infrastructure of both customers and banks.

Business

NATE Honours Focal Point Boss, Kamal Bello

Published

on

By

‘honor isn’t given, its earned’ This quote depicts the mood at the just concluded 39th Conference of the Nigerian Association of Technologists in Engineering in Ibadan where the CEO of Focal Point, Engineer Kamaldeen Olalekan Bello was conferred with a Fellow title.
It was an assembly of the finest engineers and construction giants in Nigeria who converged on the Daylan Event Centre, Ibadan venue of the conference of a memorable night of honours and awards.
Kamaldeen Bello who recently bagged a Corporate Membership of Occupational Safety and Health Association UK shone like a northern star when the hall erupted at the mention of his names and citation as a Fellow.
According to the NATE, the Engineering body bestowed the honor upon the Focal Point boss for his achievements and contributions to the field of Civil Engineering.
With an enviable career devoted to the serving of God and mankind, Bello has worked in various capacity starting with Adpett Nigeria and later Danrin Engineering, the Nigerian Army and some other reputable institutions before floating his Focal Point.
At the event, the dynamic building expert whose essay ‘Moments Of Truth; How To Stop Building Collapse In Nigeria’ forms a literary debate in the Engineering and Construction industry stated that the honour was a proof that he is on the right track at this moment in his career.
Continue Reading

News

Amidst Denial, Ibadan Billionaire, Dotun Sanusi To Contest For Governor

Published

on

By

Despite his denial, Ilaji Farm boss, Dotun Sanusi has his eyes on the governorship seat of Oyo State.

 

Those in the know claimed the billionaire who also owns the Icast International school is hinging his chances on his closeness with President Bola Ahmed Tinubu.

 

Sanusi whose influence in the last election was put in play to deliver for the re election of Governor Seyi Makinde has become a sort of political influence in Oyo State.

 

The Ilaji boss, some days ago denied the guber ambition claims.

 

In his words, the billionaire claimed ‘anything that has to do with politics, count me out’.

 

But sources maintained his denial was part of the plans.

 

 

Continue Reading

News

Singer, Ebenezer Obey Loses Ex-wife

Published

on

By

Prolific singer, Commander Ebenezer Obey is presently not in a good mood.

 

The ageing musician who is popular for his genre of yoruba music lost one of his confidants some days ago and this has thrown a shade of grief at him.

 

The woman, Iyalode Alaba Lawson died in his Abeokuta home some days ago.

 

The woman who held the title of both the Iyalode of Egbaland and Yorubaland is said to have married the musician at her younger days. The brief affair produced a child.

 

It was said that they later went apart but maintained a close relationship till her death.

 

At 72, Iyalode Alaba Lawson was widely respected. A prominent woman and record holder, the first Nigerian woman to sit on Naccima as president.

 

Ogun State has announced the plans to give her a befitting burial.

 

 

Continue Reading

Trending