eTranzact: Genesis Card

Category: Fintech

eTranzact Genesis Card is another brilliant product from eTranzact.

eTranzact Genesis Card is the EMV Card solution that comprises a wide range of services that precisely suit your need and choice so that you only pay for what you need.
EMV cards are more secured making it more difficult to clone /counterfeit with PIN verification for transaction.

Why Genesis?

The eTranzact Genesis portfolio has all the advantages of EMV cards. It offers value-for-the-money without compromising product performance, security and maximises consumer and merchant confidence. With the added security of eSA, eTranzact Strong Authentication, your Genesis card is completely protected against PIN fraud.

eTranzact Prepaid debit card otherwise known as Reloadable card is a prepaid card. It is different from a debit card which is tied to the card holder account. eTranzact Prepaid card is not tied to any bank account, as such it operates with a virtual account that is domiciled on the eTranzact Central switch.

Related: Quickteller Verve eCash | Interswitch Quickteller | Online Credit Solution, Nigeria

The eTranzact Prepaid Card (Reloadable Card) provides an effective means for the promotion of a cashless society and to help the unbanked. When a purchase is made, the debit goes to the customer’s ePurse (virtual account) while the merchant account is credited real 'time' irrespective of the where the account is domiciled.

For more information contact Tranzact via:

Tel: +234-01-7101060
FAX: + 234-1-01-2701163

E-mail: info-ng@etranzact.net
Website: http://etranzact.com/

eTranzact: ATM CardlexCash

Category: Fintech

This is mobile banking at its best. Cardless and cashless money transactions can be breathtaking even with eTranzact's ATM CardlexCash. You can't be an Oliver Twist asking for more. Even if you are, eTranzact's got our back.

I am an advocate of online, mobile or cashless banking, preaching the gospel to whoever cares to listen within my vicinity. We've got to move away from the world of insecurity and take a giant leap into the 21st century. eTranzact is on the fastest moving train, you'd better hop in.

eTranzact ATM CardlexCash is designed for the eTranzact global payment network; the solution allows a transferor (person sending the money) to transfer funds from his mobile phone, and have those funds collected by a third party at an ATM machine without the use of the physical debit Cards! This revolutionary product leverage on the subscriber's mobile phone, the eTranzact platform, and ATM processor of partner banks (or payment ISO) to perform convenient funds transfer and collection for the end users. As part of eTranzact efforts to bridge the gap between the banked and the unbanked, this service provides an unprecedented, secure and effective means of transfering funds from one party to the other through the means of a mobile phone. This solution makes funds easily available irrespective of distance between the sender and receiver.

This product leverage on "using your everyday tool, your mobile phone, for your every activity".The advent of eTranzact ATM CardlexCash is et to revolutionize the process of money transfer globally.

Related: Quickteller Verve eCash

This innovation proposes a faster and convenient process of money transfer. With this solution, the recipient does not need to have a bank account to receive funds and does not need to go to a bank branch to collect funds, which can only be done during working hours. It also eliminates the need to use an ATM card to withdraw money.

For more information contact Tranzact via:

Tel: +234-01-7101060

FAX: + 234-1-01-2701163

E-mail: info-ng@etranzact.net

Website: http://etranzact.com/

eTranzact WebAccess

Category: Fintech

Isn't it sweet and commendable when you do not need to rack your brain to remember too many account details, passwords for different but related financial services?

The solution to that exactly is what eTranzact is bringing to your table with a single web interface to manage as many bank accounts as you have, packaged for you in the product named eTranzact WebAccess™.

eTranzact WebAccess™ gives members (eTranzact Cardholders) access to their bank accounts online-real time, making it easy to do banking when it's convenient. eTranzact WebAccess™ is accessible globally over a secure internet connection. Authenticated members can navigate the system, leveraging on a single web interface to manage multiple bank accounts.

With this facility members can aggregate all their accounts (from separate banks) unto one secure web interface which WebAccess offers. The new WebAccess offers improved security features; it can be customized to include plug-ins for the payment partner's operations.

eTranzact WebAccess™ also offer a most rewarding user experience making navigational easy and friendly for end users.

Related: eTrazact WebAccess

For more information contact Tranzact via:

Tel: +234-01-7101060
FAX: + 234-1-01-2701163

E-mail: info-ng@etranzact.net
Website: http://etranzact.com/

eTranzact

Category: Online Payment Platforms

eTranzact is one of the earliest pace setter in the world of financial technology in Nigeria, across Africa and beyond. This company along with its strong competitor in Nigeria, Interswitch Group, have well over a decade of vibrant performances and astounding service deliveries under their belts and are still yearning for more. eTranzact is an industry giant and leader in the world of payment switching and solutions with a wealth of innovative platforms for in an encompassing financial inclusion modus operandi.

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eTranzact is a Nigerian award winning multi-application and multi-channel electronic transaction switching and payment processing platform.

eTranzact was launched in September 2003, and has today evolved into a brand with global reach extending its innovative services to include products which cut across virtually all aspects of the e-payment space; ATM, Internet, POS, and Mobile. The company currently has operations in six other countries around the world; South Africa, Ghana, Zimbabwe, Kenya, Cote d’voire and United Kingdom.

As a result of their professionalism, many of the local banks and foreign banks are enlisted on their platform to benefit from their first class service. Presently, eTranzact is in partnership with 70 Universities in Nigeria, and has being involved in providing unparalleled service delivery to Education generally, Government Parastals, Banks, ICT, Aviation Travel & Transportation, Telecommunications, Financial Markets etc. eTranzact has evolved into a brand with global reach. eTranzact offers payment solution platforms and easy payment channels to its numerous customers while providing security, convenience and affordability.

Related: The Interswitch Group

eTranzact Services

Payment Processing: eTranzact is a multi-application, multi-network and multi-channel electronic payment platform.

Terminal testing: eTranzact has extensive knowledge and experience in the area of quality assessment, testing and certification of Point of Sale (PoS) terminals, Automated Teller Machines (ATM) and other transaction devices.

Training Services: eTranzact training unit offers indepth product training on its products and solutions.

eTranzact Products

• eTranzact Genesis Card: An EMV Card solution.
• eTranzact ATM CardlexCash: Designed for the eTranzact global payment network.
• eTranzact WebAccess™: Gives members (eTranzact Cardholders) access to their bank accounts online-real time, making it easy to do banking when it's convenient.
• eTranzact mCommerce solution: The first truly operational mobile banking application.
• eRemit: An online international money transfer service.
• eTranzact Strong Authentication (ESA): Provides Two Factor Authentication (2FA) for ATM, POS, Mobile and Web transaction.
• eTranzact WebConnect: A solution developed to accept and process payment on behalf of the merchant.
• eTranzact PayOutlet™: is a solution designed to allow Merchants collect payments
• eTranzact CorporatePay: Allows Private Organizations and Government Agencies to automatically handle payments of salaries
• TopUp: For easy recharge of your phone and relatives with less hassle.
• EasyMe: A youth empowerment programme targeted at the youthful population is intended to provide a source of income to the youth
• PocketMoni: A mobile payment solution designed to allow users conduct financial transactions anytime, anywhere

For more information contact Tranzact via:

Tel: +234-01-7101060

FAX: + 234-1-01-2701163

E-mail: info-ng@etranzact.net

Website: http://etranzact.com/

Interswitch: How to Become an Paypoint Agent

Category: Agents
Paypoint Agent In Interswitch's ​Financial ​Inclusion claims,

Interswitch Financial Inclusion Services Limited (IFIS) is the division of the Interswitch group which has the responsibility of making financial services more inclusive especially to the unbanked population of Nigeria. In response to the concern that the majority of Nigerians are either underbanked or unbanked, the division was set up to drive inclusion through nationwide deployment of agent networks known as Paypoint Agents.

The Paypoint agents carry out financial services in their neighbourhood on behalf of Interswitch. These financial services include Bill payments (PHCN, LAWMA, DSTV), Funds Transfer, Airtime recharge, Cash deposit and withdrawal among others. This is a direct competitor to Paga agent services, check them out, which is equally a fantastic service. They are all out to give the best in serving Africa The Paypoint locations are built in partnership with existing businesses who have already been recording considerable footfall. The agents are raised through a standard process which involves proper documentation and adequate training -this makes it possible for the agents to be able to serve the customers in neighbourhood adequately.

​Why be an A​gent?

Every business owner opens shop for profit. Our mandate is to bring to you much more business with zero physical inventory at the start. We help you see how simple an effort it takes to add this to your present business and we help you grow business volumes to justify your efforts in multiples. We start by hand-holding and never really leave you as we surround you with customer care support structures.

​How to become an Agent?

Any adult citizen carrying out legitimate small business can be an agent, once he/she meets the minimum requirements.

• Get identified as an agent potential or contact Interswitch to indicate interest

• Have a valid business location that’s visible or has current patronage footfall (rented or owned)

• Provide personal and business data and fill out the agent registration and contract form

• Provide copies of both proof of ID and location documents (hard copy and scanned)

• Pay (to an IFIS-designated bank account) the initial capital with which you will fund your trading account

• Get trained, run test transactions and complete the setup (get your location merchandised)

Conatct Interswitch by:

Call on 01-7004347

​Mail on ifiscustomercare@interswitchgroup.com

You can also become an Agent by filling the agent form here

The extensive FAQ is available for Download

Agent's Benefits?

Platform & Content

Huge content from QuickTeller and other Interswitch products

Over 5,000 billers & merchants

Marketing & Branding

Comprehensive, and targeted marketing communications support

Improved brand association

Coordinated Support Structure

Effective Agent Training

Onsite Training, Visitation, Quarterly Forum

Guaranteed Successful Entrepreneurs

More commissions and incentives

More services

More support

The Interswitch Group

Category: FinTechs 

This time we are digging up the profile of one of the trailblazers in the world of financial technologies in Africa. This is one big company that has being setting the pace for over a decade and is still re-iterating, getting better and stronger with each passing day.

This is truly a giant in the committee of companies, a breathing unicorn of great repute. I and many other persons, companies and institutions have being benefiting from their services for quite a long time now. I've had nothing but positive reviews for their professionally delivered automated services.

 

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. 

The company started operations in 2002 as a transaction switching and electronic payments processing company that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent. Today, Interswitch is at the forefront of creating intuitive ways to pay and transact using digital technologies. Interswitch saw the distinction between traditional channels and customer touchpoints like bank branches, ATMs, POS Terminals, Kiosks, PCs, etc., gradually fading and giving way to a set of digital cloud services that can be assessed anywhere and anytime using mobile devices and wearables and delivering payment experiences like never before.

Also: How to Become a Quickteller Paypoint Agent, Credit Facilities Payment Platforms Mobile Money E-Commerce Affiliate Marketing Money from Online Sports Resellers Haven Agents

Services

To clients, Interswitch offers training and advisory services in the e-payments and e-business industry on how to get the best return from their investments in electronic payments, and train to bridge identified gaps in knowledge, learning and development.

No matter how big you are, public or private, and in what industries or sectors you do business, Interswitch promised to help you work smarter and reach your goals.

- Loyalty Services

- Technology Integration

- Advisory Services

- Transaction Processing

- Payment Infrastructure

- Financial Inclusion

Products and Platforms

The major platforms I use mostly on Interswitch are the transaction processing and payment facilities and I can attest to their quality of delivery. These services will simplify your everyday transactions, hassle-free.

Payment Infrastructure

Interswitchs Electronic Funds Transfer (EFT) switching application, supports major networks including Verve, Mastercard, Visa and China Union Pay, besides other proprietary networks.

Transaction Processing

You can really save money and streamline your business with seamless payment processing.

The company through its versatility comes with standard transaction sets including debits, credits, transfers, recurring payments, pre-payments, inquiries, and payment information management and administration. Managed by Interswitch, this can reduce the cost of payment services, increases customer loyalty and boosts profits.

Easy Integration, Uninterrupted Service.

Interswitch payment processing integrates seamlessly into several existing software solutions (e.g. SAP and Oracle), ensuring that your organisation does not need to replace its current system. Interswitch also integrates internet payments using cards, tokens and devices with existing websites and other channels.

Interswitch transaction processing solutions can be classified into 6 main groups:

1) Payment, collections and monitoring solutions (Paydirect, Quickteller)

2) Funds disbursement solutions (Autopay)

3) Retail management (Retailpay)

4) Industry Solutions

5) Hardware products

6) Consumer products (Verve, Quickteller, and Rewards)

Third-Party Processing

Interswitch is also a leading third-party processor. Interswitch provides detailed reporting and analysis across various channels such as ATMs, Point of Sale terminals, and mobile phones etc. We also manage switching and transaction processing services for card brands like MasterCard, Verve and Visa.

For more information on the Interswitch Group, contact them at:

Tel: +234 1 6283888 (Switchboard)

Customer ​Support: +234 700 906 5000

E-mail: oneview@interswitchng.com

Website: www.interswitchgroup.com

Interswitch: Quickteller

Category: Online Payment Platforms

Quickteller is one of the platforms available on the widely respected Pan-African financial services giant, Interswitch group. In this piece we are going to get down to business with basic profiling of one of their amazing products, Quickteller, as described the on their website.

Meanwhile, I have been using Quickteller.com platform without fail for quite a long time. The services have always been hitch free. They are a really helpful platform, reducing cost of transactions immensely.

- What is Quickteller?

Quickteller is a solution built with convenient access to an array of everyday services such as topping up your mobile phone, making payments, transferring money, buying movie & event tickets. The platform offers direct top up to credit your mobile phone, payments to billers such as DSTV, NairaBet, GOtv, Startimes, NairaBet, PHCN and Swift to name a few as well as send money to accounts in all commercial banks in Nigeria. A full list of billers can be seen here.

Related: Verve eCash, eTranzact PocketMoni

- What you can do on QuickTeller platform?

• Buy airtime – Send airtime directly to supported lines in Nigeria and abroad. Please note visa that GTB cards are not enabled for recharge initiation on Quickteller.com.
• Pay Bills – A large number of merchants, associations and schools have been aggregated on the plaform for you to pay your bills conveniently and securely. Billers such as DSTv, PHCN, Swift etc are on Quickteller. A full list of billers can be seen here.
• Send Money – You can transfer money to any account nationwide. Please note visa that GTB cards are not enabled for funds transfer initiation on Quickteller.com.
• Receive Money – Western union transfer sent to you can be received into enabled Agent banks. Click here for list of banks and the currency available.
• Buy Movie & Event tickets – Why queue up at the cinema or an event when you can obtain the tickets from the convenience of your phone or home?
• Manage Your Verve eCash – You can sign up and fund your Verve eCash, for easy paycode cardless transactions in seconds.
• Manage your eWallet – You can add your cards and bank accounts to your eWallet, to make quicker transactions, bill payments and transfers.

- Different ways to access QuickTeller?

Visit the website - www.quickteller.com on web and smartphones

Or a Quickteller enabled ATM’s – Usually on the lower right hand side of the ATM menu.

You love being Mobile? Use USSD shortcode – *322#

Quickteller Native Application – visit get.quickteller.com to get Quickteller on your smartphone.

Quickteller Mini – a BBM integrated application, visit bbm.quickteller.com for easy D-I-Y steps.

- How to register for Quickteller?

You can register directly with this link

Alternatively, from the home page, click on the “Register” tile in the left panel. Enter all the required details.

• After successfully registering you will receive and email with an activation code
• Enter the activation code on the website to access your account
• Registration is free and you will only be required to do this once.

Mobile Money: Quickteller's Verve eCash

Category: Mobile Money

In this era of cashless money policies, all major players in the financial industries are dazzling Nigerians and Africans at large with numerous brilliant platforms for quick and easier financial transaction, devoid of raw cash. Security is getting a better definition. In this piece, Quickteller's Verve eCash is profiled.

Quickteller is a solution built with convenient access to an array of everyday services such as topping up your mobile phone, making payments, transferring money, buying movie & event tickets. The platform offers direct top up to credit your mobile phone, payments to billers such as DSTV,

How to Become A Paga Agent

Paga is a payment platform that has 2 channels (a) Agent Networks and (b) Online and Mobile Application. Paga provide services that allow you to send and receive money, make and receive payments; you can also buy and send airtime wherever you are. 

  

Paga's agent network serves as the primary interface i.e online or physical location for cash-in and cash-out on the platform. As Paga agent you will receive commission for every transaction you perform, plus other bonuses and incentives. 

With Paga Merchant services, your business can integrate with Paga to offer customers a secure and easy payment option either through your online platform or in-store.

PayLater, Nigeria

PayLater™ is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.

Just like QuickCheck, Paylater is super-cool for short-term loan. At their disposal is a really intuitive loan app and amazing support system. 

PayLater

Service type: Credit / Loan Lending, Financial Services

Company: PayLater, sponsored by One Finance

Loan Range: N10,000 - N30,000

QuickCheck, Nigeria

QuickCheck is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses gain access to financial credit. 

This platform is so simple and straight to the point, so also is their elegant loan app. These guys love business and will undoubtedly make you smile with sheer professionalism. Their service is a very similar to what PayLater Nigeria offers, another impressive credit facility.

QuickCheck

Service type: Credit / Loan Lending, Financial Services

Company: QuickCheck, backed by Seedstars and other investors

Loan Range: Up to N30,000

My First Earning in Affiliate Marketing Came with Zero Effort

My first earning in Affiliate Marketing came with zero effort, by merely doing my routine online activities. 

If I hear? ...you say?

I bet you wouldn't believe this to be that simple. Oh yeah, it was nothing but a knife cutting through butter, an effortless earning. You too can if you know the right way, more reason why I'm sharing this. Robbing yourself of sleep might not work at times. There are many ways to skin this particular cat but my first experience was out of oblivion, in fact, I had to retrace my steps to unravel how it came to be. 

It was that interesting.

FinTechs: Reducing the Cost of Living in Nigeria

It has been claimed that digital finance a financial sector's disruption brought about by amazing growth of fintechs is up to the task in strengthening an individual's purse as well as re-positioning a nations's economy, if properly harnessed.

Cost of Living: Source

In my personal opinion, whatever helps you spend less without compromising quality and/or improves quality of service is reducing your cost of living. Also, whatever makes you overcome recurrent chores with much ease and less cost is not only improving your efficiency but indirectly

Aella Credit, Nigeria

Aella Credit is an African company that makes it easier for people to borrow money responsibly using innovative technological solutions.

Aella Credit

Service type: Credit / Loan Leanding, Financial Services

Company: Aella Financial Solutions Limited

Loan Range: N100,000 - 1M

Online Credit Platforms in Nigeria

With these online loan lending (credit solution) companies, you don't have to own a collateral or wait another extended weeks before a co-operative society could grant you a loan/fund. Fintechs are seriously abstracting away the frustrations accompanying conventional loan applications.

It is a tech total take-over, no need for da long thing. 

It unwise to borrow indiscriminately from relatives with the economic reality in Nigeria at the moment, they have own burdens to handle, right? Some online money lenders are doing the magic for you already, they don't mind you coming back a million times as far as you are getting value for their services.

SureCredit  Nigeria banner Source

This page was intentional broken into two parts to avoid long and boring article, check this link out for a complementary read on the credit facilities in Nigeria.

Financial Technology Companies (FinTechs) in Nigeria

Financial technology (FinTech), is an economic industry composed of companies that use technology to make financial services more efficient. FinTech companies are generally startups trying to disintermediate incumbent financial systems and challenge traditional corporations that are less reliant on software. FinTech, Wikipedia
The term include technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies. FinTech: Investopedia

Welcome to Smart Finance Nigeria.

 

Welcome to Smart Finance, Nigeria.

This blog promises to keep you updated on all gist & news about FinTechs, best practices in making smart and informed decisions, and on seizing money raising or making opportunities online in Nigeria. 

Mobile & Online financial transaction tips, Job Opportunities from FinTechs, Mobile, Internet, Financial Agencies, ATM and POS related issues will gain adequate coverage among others.

Stay tuned and check by often, you are not going to be disappointed, this blog is going to make the difference.

Tony Ope.