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The text emphasizes the importance of payments in Nigeria due to the projected increase in online shoppers and suggests considering PCI-DSS compliance and recurrent billing functions when selecting a payment gateway.
Slides
Slide Presentation (11 slides)
Key Points
- There are several payment gateways available for businesses in Nigeria, including Flutterwave, Paystack, Remita, SeerBit, Interswitch, and Monnify.
- When choosing a payment gateway, businesses should consider factors such as cost, transaction success rate, settlement time, payment options, and security.
- Paystack is one of the most popular payment gateways in Nigeria, with over 80,000 customers and a high transaction success rate.
- SeerBit provides payment solutions in multiple currencies and offers flexible settlement options for merchants.
- Flutterwave is a unicorn startup that enables merchants to accept payments in over 20 currencies and through various payment options.
- Monnify is a payment gateway built by Moniepoint and offers flexible settlement options for customers within Nigeria.
- Remita is widely used by public university students and supports various payment options such as USSD transactions, debit/credit cards, PoS terminals, and bank transfers.
- Interswitch is a leading player in the Nigerian financial services space and offers payment options like USSD, card payments, bank transfers, and QR codes.
Summaries
28 word summary
Payments are crucial in Nigeria, as online shoppers are predicted to reach 122 million by 2025. When choosing a payment gateway, consider PCI-DSS compliance and recurrent billing functions.
42 word summary
Payments are a crucial aspect of business operations in Nigeria, with experts predicting that online shoppers in Nigeria will reach 122 million by 2025. When choosing a payment gateway in Nigeria, it is important to consider PCI-DSS compliance and recurrent billing functions
203 word summary
Payments are a crucial aspect of business operations in Nigeria, and the options for businesses have expanded with the growth of digital payments. eCommerce activity is also increasing, with experts predicting that online shoppers in Nigeria will reach 122 million by 2025. However
When choosing a payment gateway in Nigeria, it is important to consider whether it is level 1 PCI-DSS compliant and if it offers recurrent billing functions for subscription businesses. Some popular payment gateways in Nigeria include Paystack, SeerBit, and
Flutterwave is a payment gateway that provides payment solutions for over one million businesses in Africa. It allows payments through various methods and currencies and offers integration with popular eCommerce platforms. Transactions are settled within 24 hours, and fees range from 1.4
Interswitch is a payment gateway in Nigeria that charges a 1.5% fee capped at 2,000 for local transactions, which includes VAT. They also allow for international payments at a 3.8% fee. Settlement happens the
In this article, the author discusses the top payment gateways in Nigeria. They highlight the importance of payment gateways in facilitating online transactions and enabling businesses to accept payments from customers. The author mentions that Nigeria has seen a significant increase in the number of