Tag: Fintech
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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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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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Oladapo Babalola’s Full Circle Story at Zone
Oladapo Babalola shares his captivating journey from his IT beginnings to leading TechOps at Zone. Discover the spirit of innovation at Zone and Oladapo’s vision for future fintech advancements.
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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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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…