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Tech - News - Mobile Tech Updated: March 28, 2023

Verve, Alcineo: Nigeria Viable For Mobile Contactless Payments

By Eben Duru
March 28, 2023
Image credit: The Guardian Nigeria News
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Near Field Communication (NFC) mobile payments are contactless digital payment options that allow phones, tablets, or credit cards to communicate with NFC-enabled readers.

NFC technology allows businesses to accept customer payments quickly and conveniently without requiring employees to handle cards. 

Well-known contactless digital payment operators include Visa, Mastercard, Verve, Quickteller, etc. 

To further enhance mobile digital contactless payments in Nigeria, Verve has recently partnered with Alcineo to deploy a software point-of-sale SDK solution. 

According to the firms, the solution would enable merchants to use mobile phones or mobile devices to accept contactless payments from customers, without the need for additional hardware.

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They stated that the software solution will leverage Verve’s secure payments platform and Alcineo’s expertise in payment software development.

In a statement, the firms said, “The solution is expected to be particularly beneficial to small and medium-sized enterprises (SMEs) often faced with the challenges of accessing traditional point-of-sale systems.

“The SoftPOS deployment in Nigeria is expected to further strengthen and contribute to the growth of digital payments in the country, across Africa and other regions where the Verve card is accepted.”

The Managing Director of Verve International, Vincent Ogbunude, said, “We are excited to partner with Alcineo to deploy this innovative SoftPOS solution in Nigeria. Alcineo’s expertise in payment software development will be instrumental in ensuring that the solution is secure, reliable, and easy to use for both merchants and customers.

“The SoftPOS SDK solution being deployed by Verve and Alcineo has the potential to increase access to payment infrastructure and support the growth of the digital financial system.

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“This partnership represents an important development in the African payments landscape and a positive step towards increasing the accessibility and security of digital payments in Nigeria.”

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Eben Duru

 My name is Eben and I am from Lagos, Nigeria. I am currently a writer at AllNews Nigeria. I’m...

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