ZirooPay enters Africa’s retail sector with mobile POS technology
Category: #tech  | By Mateen Dalal  | Date: 2022-06-04 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

ZirooPay enters Africa’s retail sector with mobile POS technology

ZirooPay, a Nigeria-based retail Point-of-scale service provider, has reportedly stated in its long-term growth strategy that it will leverage its latest funding round to tap into growing opportunities in the retail sector in Africa.

As per sources, ZirooPay is equipped with a technology that allows small enterprises to process card payments quickly even in the absence of data connection or internet along with an $11.4 million investment by an investor.

ZirooPay stated that it is all set to explore Africa’s emerging retail prospects, particularly after the implementation of the Africa Continental Free Trade Agreement with a market of GDP 2.5 trillion comprising nearly 1.2 billion people.

Omoniyi Olawale, Chief Executive Officer, ZirooPay stated that innovative payment services like ZirooPay will remain imperative with the flourishing retail and wholesale sectors. It will keep on leading Africa’s influence on its GDP, despite rapid urbanisation and population growth continues to lead consumption throughout the continent.

He mentioned that the company has decided to develop an operating system for retail in the continent by offering solutions that not just push financial inclusions but also back the payment infrastructure required for retail to stand out.

He also added that the absence of reliable payment technology across Africa persists to be one of the greatest challenges immensely halting trade in the region, which would now be curbed by ZirooPay Mobile POS services.

Notably, ZirooPay is a simple, fast, and reliable service provider offering a 95% transaction success rate for POS transactions in comparison to the industry’s average of 25 per cent to 50 per cent. The service provider also leverages its patented and exceptional internet-free technology to allow SMEs throughout the agency banking, retail, services, and hospitality sector to process payments in-person, manage businesses and track sales from their phones.

Source Credits: - https://guardian.ng/business-services/ziroopay-taps-into-africas-500b-retail-market-with-mobile-pos-technology/

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Apollo plans to expand looking at average occupancy surge

Apollo plans to expand looking at average occupancy surge

By Mateen Dalal

Apollo Hospitals Enterprises Ltd., one of India's leading healthcare providers, is reportedly targeting to increase the average occupancy rate in its hospitals to 68-70% for the fiscal year 2024. The company recently announced impressive finan...

ChatGPT’s creator OpenAI proposes regulation of AI by humans

ChatGPT’s creator OpenAI proposes regulation of AI by humans

By Mateen Dalal

OpenAI, the creator of ChatGPT, has reportedly put forward a proposal for the establishment of an international organization to regulate artificial intelligence (AI). Led by CEO Sam Altman, the company believes that AI systems developed within the ne...

Medtronic pledges USD 350 Mn to expand R&D operations in India

Medtronic pledges USD 350 Mn to expand R&D operations in India

By Mateen Dalal

Medtronic, a leading healthcare technology company, has announced plans to expand its R&D center in Hyderabad, India, with a whopping investment of USD 350 million. The existing facility is already the largest center for the company outside the U...