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How Online Payments Changed our World and our Habits

Payment processes and experiences evolved during the last decades, and thanks to different technological innovations, people from all corners of the world changed the way they behave when it comes to making transactions. Until recently, cash was the obvious and preferred method of purchasing anything and everything, but with the emergence of safe and convenient electronic options, shoppers are quickly changing their attitudes. Therefore, let’s take a look at some of the areas where online payments caused the biggest changes. Shopping Online Instead of taking their time to go to physical stores, people are getting more and more attracted to large e-commerce sites...

How to Become a Quickteller Paypoint Agent, A Step-by-Step Guide

In Nigeria today, 70% of people now have a side hustle to increase their sources of income. There are cases of Bankers who sell shoes on Instagram, Office Receptionist who run online skincare business, and restaurant owner who have POS kiosks just in front of their shops. These side hustles are not new to us, our social media platforms have become a full-blown marketplace and we are loving it. One profitable Side hustle most entrepreneurs venture into now is the Agency Banking Business. You will see a Barber who also runs a POS Business or someone who has a shop in...

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eNaira Nigeria’s Official Digital Currency backed by the Naira

eNaira is more or less like a digital version of the physical Naira. It is a Central Bank Digital Currency (CBDC) issued by the Central Bank of Nigeria (CBN) and will exchange 1:1 to the physical Naira. The eNaira was launched by Nigeria's former President flanked by the then VP and CBN Governor on October 25, 2021 and circulates in parallel with the physical Naira as legal tender in Nigeria. 500 million units of the eNaira were issued at launch. The new digital currency is built on a Distributed Ledger Technology and is aimed amongst other things to improve financial...

How To Choose The Best POS Provider For Your Business

If you want to start a new retail business and are looking to find the best POS provider for your system, this is the right article for you! A good POS system can help you improve customer’s purchasing experience as well as support running your business easier. But not anyone can choose the right POS system from the beginning. There are 3 main criteria that need to be considered when choosing the best POS provider. Understand your Business Situation Understanding your business is critical since different POS systems are suited to different types of businesses. Furthermore, you may have an anticipated budget, so...

Chimoney, A Toronto-based Startup, Launches Global Payout Platform and API

Toronto, Canada — July 21, 2021 — Chimoney today released a platform and API to make it easy for businesses to send, spend, and gift cryptocurrencies, gift cards, mobile money, airtime, and other assets globally. With Chimoney, companies that want to move value to a geographically distributed group of people can now do so without needing to know their location, local currency, bank account details, or payment option that they accept. The new Chimoney website showcases the range of products services offered by Chimoney via its Business dashboard and Developer APIs, which allows bulk payouts to user emails or social media usernames.  Asked...

PCI DSS Compliance Checklist for your eCommerce Site

Annual online payment fraud is projected to amount to $48 billion by 2023. If you are an e-commerce business that accepts credit cards, then you need to have adequate security measures to protect your customers’ personal information. In light of the rise of cybercrime incidences, you cannot afford to skimp on data security. Fortunately, PCI DSS is here to help you guard your clients’ credit card data. What Is PCI DSS PCI DSS is a set of requirements that are meant to secure cardholder information. They safeguard the interests of the customer, your e-commerce store, and the card brand. Every entity that comes...

OPay Bank, Savings, and Payment Solution

OPay is a leading easy Banking and Payment solutions provider in Nigeria. The service was launched in 2018 by Opera Norway AS Group the developers of the popular Opera mini web browser. It is a mobile payment platform that allows its users to pay for goods and services electronically as well as save money using a mobile phone. OPay is a mobile service that offers you a lot. Like we really mean a great deal of services to choose from. This is the reason why it is now used widely in Nigeria and a couple of other countries in Africa. With...

5 Tips for Travel and Timeshare Companies When Accepting Payments

According to GTP Headlines, one of the largest global industries in 2018, “the Travel and Tourism industry contributed $8.8 Trillion to the global economy”. Nonetheless, the travel industry is considered a high-risk industry. The risk climbs even higher for those who are in the timeshare business. Timeshare companies offer a product that facilitates economical vacation options for clients. In era where traveling is considered as a therapy to shackle away personal as well as the professional hindrance, timeshare companies have a huge scope to grow. But managers of timeshare companies need to ensure that the core goal of their business,...

Credit Cards and ATM for Travelers in Morocco

Morocco? Yes, it is famous as an inexpensive holiday destination in the world. But you need money to be any part of the earth, So in Morocco. When I was on holidays in Morocco, I didn’t face any problem regarding money and cash because I knew everything before reaching there. But what I found there were the tourists worried and confused about how to tackle with the credit cards and ATM issue there. The questions you might have in your mind that what is the currency of Morocco, what makes your local ATM card works in ATM machines of Morocco. Here...

How A Salon POS System Can Make Salon Owners Happy?

Running a salon or spa business is not an easy task as assumed by many. One has to wake up early in the morning, open the salon centre, assign duties to the salon staff, communicate with customers, process their requests for the requested services, offer beauty products and services, manage finances, maintain diaries, etc. All these works make your life busy. The sudden flow of customers on weekend days, mismanagement in salon business operation, unannounced leaves taken by employees, irregularities in funds collection & management, negative remarks from dissatisfied customers, etc, add fuel in the fire and make your business...

5 Ways to Leverage your Mobile POS to Improve your Marketing Strategy

If you’ve invested in a mobile point of sale (POS) system, you know all about the benefits that this tool brings to your business. Using a mobile POS system you’re able to automate and streamline inventory management, have access to real-time sales data and other analytics, along with more efficient employee management. But did you know that a mobile POS system can also improve your marketing strategy? If you’re looking to create more personalized, targeted, and successful marketing strategies, you’ve got just the tool you need. Here are 5 ways that you can leverage your mobile POS system for improved marketing. 1....

What All Restaurants Need to Know About POS

Restaurants have changed the way that they do business over the past couple of years. There have been new technological advancements in the industry that helps businesses in the food industry properly manage their restaurants. Fortunately, more businesses are jumping on the bandwagon and adopting these new restaurant POS systems. POS systems have provided many food businesses with a variety of functions that help them manage all aspects of their business more easily. What's even better is that they are incredibly affordable and almost anyone can afford their subscription service. Let's take a look at how your restaurant can benefit from...

How to Differentiate between a Prepaid Card and a Credit Card

The technology behind contactless payments is continuing to evolve at a frightening rate, with biometrics playing a pivotal role in this. Last year saw Gemalto launch the world’s first biometric EMV card for contactless payments, which included a fingerprint sensor on the right of the card body to enhance user security. This is also part of a wider move to do away with cards altogether, with biometric solutions helping customers to pay with their smartphones and similar devices without compromising their safety. For now, however, we continue to use standard and contactless debit cards to complete everyday purchases, while credit cards...

Restaurant Management System: All you need to know

Want your restaurant to stand out from the rest? You’ve got a great menu and now want to excel at service? Consider, a full stack restaurant management system. A restaurant management system is the complete integrated software system for your restaurant that helps you stay on top of all your essential processes. It is the solution a restaurant needs, across online ordering, table reservations, billing, inventory management, accounting, security, marketing & CRM, analytics, loyalty, payments, employee scheduling, and payroll management.   A restaurant management system lets your software carry out the day to day functions. Customer data that comes into...

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