Most Common E-Payment Service In Nigeria – Online Electronic Payment Methods In Nigeria

In making business transactions safe and easier through the introduction of  Common E-payment Service in Nigeria. Now you can buy goods and transfer fund at the comfort of your home, it is safe and secure. Controlling you back account from anywhere, it reduces rate of arm robbery and encourages cashless policy. This article contains most common E-payment service in Nigeria.

Online Electronic Payment In Nigeria has gone far, it allow you to make transactions in and out of the country. Your password and pin is your security gadget. If you lose your password and pin, then you account is in danger. This electronic payment process is safe for business partners and reduces stress, risk of bank transfer. We introduce to you most common E-payment service in Nigeria, which is safe for your use.

 

Common E-Payment Service In Nigeria – Electronic Payment In Nigeria

The following are common E-payment service in Nigeria, using them makes your transactions safe and secured. Try them to

 

ALSO READ: Register Business with CAC in Nigeria – Requirements and Registration Guide

 

UBA U-Collect

The UBA U-Collect is owned by UBA Bank, is an Internet Payment Gateway service which allows business partners accept online payments for goods and services. They accept mutiple cards types – VISA, MasterCard, e-tranzact and Verve. U-collect is same things as POS but for web business transactions unlike POS that requires presence.

 

Zenith Bank GlobalPAY

One of Common E-Payemnt Service In Nigeria, Owned by Zenith bank plc, web based gateway that accepts payments on your websites from business men all over the world.

Benefits Of Zenith Bank GlobalPay

  1. provide global contact for your business.
  2. No delays in receiving your money
  3. Provides extreme convenience.
  4. Increases sales & cashless transactions
  5. Multiple card acceptances from one integration.
  6. Reduces administrative overhead
  7. Increases your purchasing power.
  8. Enhances security via 3-D Security implementation.

Features Of Zenith Bank GlobalPay

  1. Online log for monitoring transactions – View transactions as they occur
  2. Real-time online payments processing – Receive payments into your account immediately the payments are made.
  3. Acceptance of locally and internationally issued cards – Interswitch, eTranzact, VISA and Mastercard.
  4. Multiple card acceptances from one-off integration – One setup fee and one integration enables you accept multiple cards. No need to integrate separately for each card type.

 

E- Tranzact

E-tranzact was launched in Nigeria 2003, it is one of the common E-payment in Nigeria. It has power of switching transactions, a multi-channel and multi-network electronic payment method in Nigeria. This common E-payment method supports AMEX, VISA and MasterCard.  E-Tranzact as a Switch processes payment requests from multiple channels – Web, ATM, POS – point of service, mobile, etc using automated procedures. This platform is designed to make business transactions between consumers easier. It is a credible alternative to all transactions which are presently cash. They currently support payment in six countries – South Africa, Ghana, Zimbabwe, Kenya, Cote d’voire and United Kingdom.

Since inauguration, ETranzact has deployed its mobile payment solutions to banks and non bank financial institutions alike and was recently granted the license by the Central Bank of Nigeria to provide Mobile Money services to individuals with a special focus on the unbanked.

 

ALSO READ: Recharge Card Printing Business: All it takes to start up the Business

 

Cash Envoy

This payment method is owned by Electronic Settlement Limited, an independent, private sector led, limited liability Company located in Lagos Nigeria aimed at providing secure and convenient online solutions. It is safe, easy and most convenient way to make business transactions, sending and receiving money. Cash Envoy account can be funded with Nigerian debit cards or through online bank transfer from specific local banks. It is and e-commerce platform that allow you to transfer money and make payments through the internet.

Features Of Cash Envoy

  1. Easily pay and settle other merchants on your platform.
  2. No integration, withdrawal or subscription fees!
  3. Easy to use, with complete transaction records.
  4. Receive payment and donations online with ease.
  5. Accept payment on your online store from debit cards and Cash Envoy account holders.

 

 

GTBank GTPay

This payment method is owned by GTBank, this bank has an Asset Base of over 2 Trillion Naira, shareholders funds of over 200 Billion Naira and employs over 5,000 people in Nigeria, Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom. GTPay is a Common E-payment Service In Nigeria, it is one of the safest, secured and convenient web payment solution that enables merchants receive payments from both local and international payment cards.

GTBank GTpay Features

  1. Timely transaction processing: Merchants get value next day after transaction takes place.
  2. GTPAY monitoring log: GTPAY comes with a unique, online monitoring console that allows merchants view transactions as they occur.
  3. International Acceptance: GTPAY accepts both locally and internationally issued cards including Interswitch, MasterCard and VISA.
  4. Reduced sign-on fee: GTBank is a certified developer partner so we take on GTPAY integration for our merchants and as such the integration fee is waived for them.

GTBank GTpay Benefit

  1. Increased sales
  2. Promotes cashless transactions
  3. Instant value for successful transactions
  4. Convenient means of payment
  5. Acceptance of both local and international cards
  6. Global reach for merchants

 

ALSO READ: How To Become TSTV Satellite Agent – www.TSTvAfrican.com

 

Interswitch InternetPay

Interswitch is an incorporated payment and transaction method that provides advisory services, payment infrastructure to banks, organizations and to the government. They provides technological integration and payment processing. Interswitch is an Electronic fund transfer switching application, they support MasterCard, Verve, China Union Pay and other proprietary network.

Interswitch currently offers 3 Internet Payment options.

  1. Paydirect – web with reporting,
  2. Paydirect – web without reporting
  3. Quickteller
  4. Paydirect – web (with reporting)

 

 

Other Common E-payment Service in Nigeria

  1. AlertPay
  2. Liberty Reserve
  3. 2checkout
  4. FASTECASH
  5. VTN
  6. Softpurse
  1. SimplePay

 

 

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