Nigeria’s Zone Unveils Blockchain-Powered PoS Solution

Zone, a leading fintech company in Nigeria and across Africa, has launched a revolutionary blockchain-powered Point of Sales (PoS) solution designed to facilitate seamless payments. This cutting-edge PoS system leverages the latest version of Zone’s next-generation payment infrastructure, marking a significant advancement in the African payment ecosystem.

As Africa’s first regulated blockchain network for payments, Zone is at the forefront of decentralized solutions supporting cross-border transactions and multiple currencies. This new product aims to enhance transaction reliability by routing transactions directly to issuers, offering same-day settlements for beneficiaries and their financial institutions, and establishing a robust framework to eliminate chargebacks and chargeback fraud. Zone ensures compliance with regulatory guidelines on inter-bank payments by directly routing transactions to issuers.

CEO’s Vision and Commitment

Zone’s CEO, Obi Emetarom, highlighted that the launch of this PoS solution is focused on promoting financial inclusion and enabling seamless fund transfers. He stated:

“Today marks a pivotal moment not just for us at Zone, but also for the financial institutions we support, and the valued customers they serve. Our PoS Payment Gateway Product demonstrates our commitment to financial inclusion and the digital future of all payments in Africa.

“With this new offering, we are excited to have taken yet another major step towards our vision of a world where individuals and businesses can make and receive instant payments from anyone, using any payment method, and in any currency.”

Key Features of Zone’s PoS Payment Gateway

• Direct Card Routing: Zone’s decentralized payment switching network connects acquirers directly to issuers, optimizing the transaction route and reducing failure points. This ensures increased speed and reliability for merchants, agents, and cardholders.
• No Chargebacks: The advanced PoS payment gateway eliminates chargebacks and chargeback fraud by automatically refunding customers for unsuccessful transactions and auto-declining fraudulent chargebacks in real time. This builds trust and satisfaction among all parties involved.
• Same-Day Settlements: Payments processed through Zone’s PoS terminals are settled on the same day, with each transaction settled separately. This ensures faster availability of funds for agents and merchants, simplifying the determination of value received for every transaction.

Zone’s blockchain-powered PoS solution represents a significant leap forward in payment technology, promising to enhance financial inclusion and streamline transactions across Africa.