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Home » payZeep Eyes Leadership in Nigeria’s Payment Solutions Market

payZeep Eyes Leadership in Nigeria’s Payment Solutions Market

Joan Aimuengheuwa by Joan Aimuengheuwa
March 28, 2025
in StartUPs
Reading Time: 2 mins read
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payZeep Team

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Nigerian fintech company payZeep is expanding its footprint in the digital payments sector, positioning itself as a leading provider of seamless and secure financial solutions.

For the past three years, payZeep has been working behind the scenes to redefine digital payments in Nigeria. The company’s offerings range from Point-of-Sale (PoS) solutions to financial applications built for businesses, institutions, and government agencies.

The company stated that it has quietly established itself as a key player in the fintech space, leveraging innovative technology to drive financial inclusion and cashless transactions.

Describing itself as one of Africa’s fastest-growing fintech firms, payZeep aims to become the leading payment solutions provider. Its comprehensive suite of services—including payment gateways, portals, and applications—continues to meet the evolving demands of Nigeria’s digital economy.

Reflecting on payZeep’s journey, its Chief Executive Officer, Ayodele Adeluka, said, “Our mission at payZeep has always been clear—to make seamless transactions accessible to all.

“Over the past three years, we have worked tirelessly to build a robust payment ecosystem that empowers businesses and individuals alike. Our strategic partnerships, technology-driven solutions, and regulatory milestones position us as a trusted leader in the fintech space.”

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One of its unique innovations is ‘Smallie’, a mobile point-of-sale (mPOS) device that has boosted digital transactions in Nigeria’s transportation sector. Smallie enhances convenience and simplifies financial operations by reducing reliance on cash.

As Adeluka asserted, all payZeep POS and mPOS devices feature contactless ‘Tap and Pay’ technology, allowing businesses and consumers to complete transactions without physical card swipes or cash handling. This ensures faster, more secure payments while addressing the growing demand for digital financial solutions.

payZeep also noted its key regulatory approvals, reinforcing its leadership in the fintech space. The company holds a Payment Solution Service Provider (PSSP) license for facilitating seamless online transactions, while Payment Terminal Service Provider (PTSP) license allows for deploying and managing POS terminals nationwide.

Again, its Agency banking approvals helped with the expansion of financial services, particularly for young people, ensuring wider access to banking without traditional branches.

Reaffirming its commitment to financial inclusion, payZeep has also partnered with the Amalgamated Union of App-Based Transporters of Nigeria (AUATWON), further expanding its impact in the mobility sector.

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Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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