In a move which it said is meant to support Nigerian businesses, Nigerian payments company Amplify today launched a Zero Transaction Charge campaign, where no transaction charges will be applied on businesses that sign up on Amplify and go live between October 12th and November 30th, 2016.
For these businesses, Amplify will process their first One Million Naira in transactions free of charge.
According to Segun Adeyemi, CEO of Amplify, “Considering the current economic situation, this is Amplify’s way of helping to support new and growing Nigerian business. We hope this promotion will encourage more businesses to finally automate their collections and leverage electronic payment channels.”
Furthermore, the startup also announced a new feature it called PASS (Payouts and Automated Settlements System) that allows businesses to make bulk payments to partners and customers, and also split their settlements into different accounts.
They said they decided to introduce it following “numerous requests from businesses who have a need to make regular payments to their customers and/or vendors. Similarly, companies with a marketplace model can now share commissions with their partners using Amplify’s payment solution.”
“The launch of Amplify PASS is in line with our mission to help Nigerian businesses grow and build long lasting relationship with their customers. We’re excited to empower Nigeria’s businesses to not just accept payments but also make payments and split settlements between them and partners,” said Maxwell Obi, the Co-founder and CTO of Amplify.
