With Nigeria’s very many ways of making and accepting payments online, it is important for businesses to be strategic in their approach on the subject of how they collect money from clients.
Online payments are popular in Nigeria because many among the locals have turned to making payments this way rather than the traditional “cash in bag” way which was quite risky and time consuming.
Payments in Nigeria are now largely done through bank cards – rigid companies are slowly being choked out of the country’s business system and economy because Nigeria’s internet penetration is growing steadily and brands that aren’t online are considered out of style.
Card systems in Nigeria are dominated by MasterCard, Visa and Verve that ensure people make payments to businesses online as quick as possible.
Business that are aiming to set up online platforms and accept online payments from the Nigerian community have to use the local banking systems to liaise effectively with the people.
Nigeria has a big number of effective banking payments systems that the people use, businesses will need to deal with all if they are to capture a wider client base but the cost and time spent doing this is very high and discouraging.
Africa has a way out – why not use an online platform that brings all the efficient bank alternatives under one payment platform so that all collections can be done with integration under a single API.
How can this be done – Nigeria has a viable solution to this – with Dusupay, businesses can access all payment options in Nigeria under one platform, enabling them to :
- Receive payments from clients all over Nigeria in one organised pathway irrespective of bank or card payment used.
- Businesses save time and money on having to incorporate directly with all the local banks and cards. https://www.dusupay.com/pricing
- Swift and secure movement of funds ensuring that all businesses’ finances are free from fraud and delivered as quick as possible to the intended destination.