Nigeria: Bluecode launches mobile payment platform in Nigeria

Austria-based payment solution Bluecode has launched its mobile payment platform in Nigeria in collaboration with three Nigerian banks.

The three Nigerian banks Sterling, Providus, and Igangan have been offering Bluecode as a payment option since January 2022. Merchants and customers of the cooperating banks can now use Bluecode Instant as a payment method. Transactions between them go through the Nigeria Inter-Bank Settlement System (NIBSS). Other banks such as the United Bank of Africa and the neobank Kuda have already begun the Bluecode integration.

As a white label solution, Bluecode offers banks and merchants a start in the mobile payment business. According to a Bluecode representative, the company would like to promote the export of European payment innovation worldwide and deliver their ‘Payment Scheme-as-a-Service’ to the credit industry of the respective countries. This scheme includes acceptance technologies for merchants and their banks, technology for data centre integration, and payer apps.