Wednesday, November 17,2021 / 11:50AM /Paga /Header Image Credit: Paga
Paga Group, a leading payment and financialservice company, has inked a partnership with LISNR the global leader inproximity verification, to enable contactless ultrasonic authentication as itexpands its recently launched merchant solution, Doroki across Africa.
The collaboration between Paga and LISNR isLISNR's first major partnership within the Fintech space in Africa. Therelationship between Paga and LISNR has evolved over the past couple of yearsas they both are innovative VISA partners as well as Endeavor portfoliocompanies. The synergies eventually led to a strategic partnership.
LISNR's ultrasonic proximity verification solutionwill be enabled across Paga's ecosystem for consumers to pay merchants and sendmoney to each other with ease. Today's launch is following months of successfulin-market tests where Paga experienced significant improvements in consumerexperience, transaction time, security and merchant onboarding.
"We are excited to incorporate LISNR into the Pagaand Doroki Apps. We are leveraging their technology for both person to businessand person to person payments. This is exciting because people can now pay at atill without being very close to the cashier. It also enables us to offer moreinteresting non payment use cases for merchants and consumers. Our partnershipwith LISNR will give us a strong advantage in attaining our goal of 120,000merchants in the next two years by offering yet another easy, contactless, andseamless way to make payments and drive loyalty with their customers" - TayoOviosu, Founder & CEO, Paga Group.
As the African fintech revolution continues togrow at a fast rate, billions are being invested to try and tap into one of theworld's fastest growing economies, one that overwhelmingly favors tech enabledsolutions.
Paga made the news recently with their partnershipwith Untapped Global. As they rapidly try to scale from 33,000 merchants to120,000 merchants within the next 2 years, it's imperative that they bring onpartners that provide complementary solutions aligned with their overallobjective of facilitating this ~4x growth.
"Paga is the household name for Fintechs in all ofNigeria and is one of the market leaders in all of Africa. We believe ourcontactless & secure proximity solution will enable a seamlessauthentication process across it's growing user & merchant database. Withour easy to implement solution and our proven savings for merchants, we're wellpositioned to help Paga in their goal of scaling to 120,000 merchants in two years."- Eric Allen, CEO, LISNR
Related News
1. Airtel AfricaPlc Announces the Second Closing of Airtel Money Minority Investments
2. Airtel Mobile, asubsidiary of Airtel Africa Granted Approval in Principle to Operate in Nigeria
3. MainOne SupportsVIPNET With Increased Capacity
4. Payment ServiceBanks - Potential Impact on Banking Profitability
5. Modest Growth inMobile Subscriptions; Grew by 0.4% MoM in September 2021
6. Payment ServiceBanks - Impact on Financial Inclusion
7. Africa's Techand Telco Industry - Making a Strong Recovery
8. MTN Receives AnApproval in Principle for the Proposed MoMo Payment Service Bank Ltd
9. SMARTCASH, asubsidiary of Airtel Africa Granted Approval in Principle to Operate in Nigeria
10. EnergyEfficiency is Key to the Sustainability of Data Centres in Africa
11. Airtel AfricaAnnounces First Closing Tower Sale Transaction in Madagascar
12. FirstbankPartners NIBSS to Drive Digital Payment Convenience with Nigeria Quick Response