Tag: Blockchain
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Eliminating Chargebacks: How Blockchain is Transforming POS Transactions in Nigeria
Nigeria’s digital payment landscape is booming. In 2022 alone, POS transaction value skyrocketed to over N41 trillion an 846-fold increase from a decade prior. But this explosive growth has a dark underbelly: a parallel surge in chargeback fraud, costing financial institutions billions of Naira and eroding merchant-customer trust. Recent headlines paint a stark picture: For…
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What ₦828 Trillion Tells Us About the Future of Payments in Nigeria
In the first half of 2024, Nigerians moved ₦828 trillion through internet transfers alone. To put that in perspective, that figure reflects that Nigerians moved more through internet transfers in six months than the country’s annual GDP. It also reflects an 83% increase over internet transfer values recorded in H1 2022, a sign of how…
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Nigeria Payments Report 2025
Building on the foundation of the previous edition, the 2025 edition delivers deeper insight, sharper data, and a new benchmark: the National Payments Scorecard. With expanded coverage of innovation, regulation, and infrastructure, this report examines how players across fintech, banking, and policy are shaping a faster, smarter, and more secure digital payment future. Nigeria Payments…
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DeFi 2.0: Fully Regulated and Compatible with CBDCs
DeFi 2.0: Fully Regulated and Compatible with CBDCs With traditional finance (TradFi), service delivery relies on conventional financial institutions, which run operations and serve as financial intermediaries. By eliminating dependence on financial intermediaries and leveraging other key characteristics of Blockchain technology, decentralized finance (DeFi) has vast potential to reduce cost, improve utility and enable access…
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Zenith Bank, First Bank, and UBA Join Other Banks on Zone’s Decentralized Payment Network.
Tier-1 Banks Join Africa’s First Regulated Blockchain Network for Payments Zone, Africa’s fastest-growing payment infrastructure company today, announces that three of Africa’s largest and most prominent financial institutions—First Bank, UBA, and Zenith Bank, — have joined other Banks and Fintechs on its decentralized payment network. This announcement follows Zone’s recent $8.5 million seed funding round led…
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Tackling Chargeback Fraud in Africa with Blockchain-Powered Solution
Chargeback fraud is a major threat to businesses in Nigeria and beyond. Zone, with its blockchain-powered solution, aims to mitigate this issue by providing an immutable ledger, real-time transparency, and automated smart contracts.
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Artificial Intelligence Meets Blockchain – Advancing Financial Security Through Cutting-Edge Payments Technology
The world of finance is rapidly evolving, and at the heart of this revolution is the intersection of cutting-edge technologies like blockchain and artificial intelligence (AI). At Zone, we have always been at the forefront of innovation, and our recent partnership with ThetaRay, a leading provider of AI-powered transaction monitoring technology, is a testament to…
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Top Trends For Web3 in 2023
There has been growing talk surrounding Web 3.0 and it’s future in our homes and offices. The introduction of deep machine learning capabilities, artificial intelligence (AI), and decentralization are all part of the building blocks that help make up the larger foundations of Web 3.0. With much of the third generation of the internet still…
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Appzone evolves to become Zone: Africa’s First Layer-1 Blockchain Infrastructure and Protocol
When Appzone was founded in 2008, we started as a custom software development company and then transitioned into Software-as-a-service; however, our overarching goal was to be an enabler of financial services. Since then, we have experienced exponential growth and have gone on to become a trusted partner of various institutions in the Banking and Financial…