On November 16, 2023, ZojaPay, an innovative payment application dedicated to streamlining financial transactions, officially entered the Nigerian market. Functioning as a peer-to-peer financial inclusion platform, ZojaPay focuses on simplifying payments and ensuring easy access to cash for the retail market.
The comprehensive digital financial app supports both contactless and digital payments, providing users, including customers and merchants, with a user-friendly solution for seamless payment transactions without relying on a physical point-of-sale (POS) machine.
Mr. Olusegun Dada, the Founder/CEO of ZojaPay, emphasized that the app transcends the conventional role of a payment service; it serves as a symbol of financial inclusion. Dada highlighted the app’s meticulous design to offer secure, convenient, and seamless transactions, supporting various methods such as QR codes, NFC, phone-to-phone transactions, Cash-in-transit, Scheduled payments, or Soft POS functionalities. This ensures that payments are feasible through various channels and locations.
With the NFC features, users can conduct quick and secure transactions through their smartphones. ZojaPay harnesses NFC technology to deliver a seamless payment experience, providing heightened security features such as encryption and tokenisation. This enables users to make contactless payments effortlessly by tapping their NFC-enabled phones.
To benefit customers, ZojaPay offers free transfers, providing affordable access to banking services for Nigerians. Additionally, users receive a 500 Naira cash back on their inaugural transfers. Dada stressed that ZojaPay is committed to transforming payments into more than mere transactions, offering a secure, integrated, and seamless experience for all Nigerians.
The launch event, attended by Mr. Babatunde Fajemirokun, Managing Director of AIICO Insurance PLC and Chairman of the occasion, underscored the collaborative effort and visionary leadership behind ZojaPay’s creation. Fajemirokun praised the app’s innovation and envisioned a future where ZojaPay bridges gaps and enhances accessibility to financial services.
Olu Akanmu, CEO of Phillips and Samuel Ltd. and a thought leader in Business Strategy, Marketing, and Technology, emphasized the need for increased investment in Nigeria’s fintech space. He described ZojaPay’s launch as a significant stride towards an empowered future, where financial technology enriches lives and fosters opportunities for individuals and businesses across Nigeria.
ZojaPay, compatible with both iOS and Android devices, is available for download on the App Store and Play Store, signaling a pivotal moment in Nigeria’s burgeoning fintech industry.
