Bloc formerly TechAdvance has completed the direct integration of its Bills Payment API with MTN. This was made possible with the acquisition of a Class License issued by the Nigerian Communications Commission (NCC) through its subsidiary, Ace Remittance.
The tech company builds and provides financial technology that enables founders, thinkers, startups, and organisations to provide financial inclusion, simple and easy.
Since its inception, Bloc has been a part of the Nigerian bills payment industry currently processing over 1B in monthly transactions.
The integration allows companies and organisations who offer MTN products via Bloc’s Bills Payment API to do so at cheaper prices.
The company said, “With our Bills Payment API, you can sell airtime/data from all telecom providers, electricity from all national discos, and cable TV to your customers. More importantly, you no longer have to worry about owning or maintaining the infrastructure needed to offer these services.”
The company also noted that the integration takes itone step closer to building reliable, proprietary infrastructure — removing the risks and hassle that come with the existence of more than one wholesale provider in the value chain.
“Our mission is to offer new/existing companies (FinTechs and non-FinTechs) an exhaustive set of building blocks — infrastructure, compliance, capital — that allows them to increase their value to their stakeholders. We’ve further shown our commitment to this mission with our Value Added Service License issued by the NCC. “Inspired by this partnership, we will continue our business development strategy to simplify FinTech integration to telecom and open up more possibilities for the glory of FinTech,” the company added
