Accelerex, a leading African fintech company and one of the continent’s fastest-growing businesses according to the Financial Times, has unveiled a groundbreaking “Pay with Fingerprint” solution in Nigeria. This pioneering technology allows bank account holders to securely and conveniently make payments using their fingerprints on biometric-enabled Point of Sale (PoS) terminals.
By harnessing advanced biometric technology, “Pay with Fingerprint” addresses common payment challenges like card fraud and the need to carry physical cards. It streamlines transactions and enhances security, as only the account holder’s fingerprint can authorize payments. This innovation significantly reduces the risk of fraudulent activity.
Customers can now enjoy a frictionless payment experience by simply placing their finger on the biometric PoS device. This process eliminates the need for physical cards and expedites transactions, making everyday purchases more convenient and efficient. Accelerex’s Managing Director for Nigeria, Chuks Anakudo, emphasized the company’s commitment to transforming Nigeria’s payment landscape with this secure and customer-centric solution.
Leading the Fintech Revolution
In addition to developing this cutting-edge technology, Accelerex has obtained a rare certification for its biometric PoS devices from the Nigeria Inter-Bank Settlement System (NIBSS). This recognition solidifies Accelerex’s position as a trailblazer in the Nigerian fintech sector.
With a comprehensive suite of payment products and a focus on customer satisfaction, Accelerex has been instrumental in driving the digital payment revolution across Africa. The company’s extensive network of over 150,000 merchants and agent endpoints, coupled with its consistent top ranking as a payment channel service provider in Nigeria since 2018, underscores its prominence in the industry.
Accelerex’s influence extends beyond Nigeria. In 2021, the company expanded its operations to Ghana, offering a wider range of digital payment options to Ghanaian customers. This move included obtaining an enhanced Payment Service Provider (PSP) license from the Bank of Ghana, further solidifying Accelerex’s commitment to providing secure and innovative financial solutions across the African continent.
As Accelerex continues to innovate and expand its footprint, the company remains dedicated to revolutionizing digital payments in Africa. With its focus on cutting-edge solutions, security, and customer satisfaction, Accelerex is poised to lead the fintech revolution and shape the future of payments on the continent.
