Tag: Payments
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Regulation vs. Innovation: Finding Balance in Nigeria’s Payment Landscape
With e-payment transactions hitting ₦1.56 quadrillion in H1 2024,70% of the entire 2023 volume, the sector’s explosive growth is undeniable. Yet beneath these impressive figures lies a fundamental question: how do we balance protective regulation with disruptive innovation? Why This Balance Matters to Every Nigerian How does regulation versus innovation affect the average Nigerian consumer?…
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What the Data Tells Us About the Future of Payments in Africa
Africa is quietly building one of the most dynamic payment ecosystems in the world, and the data tells a powerful story. Africa’s payment landscape is undergoing a seismic shift in response to necessity, innovation, and opportunity converging at scale. The recent desktop research article discussing the future of payments in Africa explores how the continent…
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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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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…