• Tech - News
  • Updated: May 01, 2023

Offline Transaction App Released In Benin To Support Cashless Economy

DPG Soft Solutions, a digital company located in Benin City, Edo has introduced "Tokens," a software programme for offline transactions, on Monday as part of the effort to transition Nigeria to a cashless economy.

According to Philips Nguzor, Chief Executive Officer (CEO), DPG Soft Solutions, in a press conference with reporters in Benin, the app was developed to solve a payment system bottleneck brought on by the Federal Government's push for a country's economy free of significant cash transactions.

He said that tokens let dealers who use the software without a mobile network a way to conduct deals with one another.

“It will make life easier for our market women because they can use it without data.

"I observe many who still go to the bank to queue do that because they need cash for shuttling buses.

"It is understandable because no commercial driver can wait for a transaction to be confirmed.

"However, this app has come to solve the challenge because the confirmation is instant.

It is a software that bypasses all the difficulties experienced in online transactions; it works either with or without a mobile network.

"What is required is for the users to enable their Wi-Fi,” he said.

Nguzor discussed the technical innovation used by the company to address this issue for many Nigerians.

According to him, Nigeria is at a turning point when people are attempting to force the system towards a cashless economy, which is why a social finance network was created to fill the gap.

Regarding the software's security, the CEO outlined how the company relied on Flutter Wave as a gateway for financial transactions.

He stated that because there are tiers of verification taking place in the background, every precaution is taken to guarantee a secure system and transaction.

He said, however, that the company will continue to work hard to provide more secure and safe digital applications.

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Lawrence Agbo
Lawrence Agbo

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