Nigerian fintech startup, CashAfrica, is on a mission to revolutionize the country’s payment landscape. By introducing a seamless tap-to-pay solution, the company aims to make contactless payments as convenient as possible.
CashAfrica’s API enables banks and fintechs to integrate tap-to-pay functionality directly into their mobile apps. Users can simply open the app, enter their password, and tap their phone on a payment terminal to complete a transaction in under two seconds.
While the technology is ready, changing consumer behavior remains a significant challenge. CashAfrica is actively promoting its solution and partnering with banks like Sterling Bank, Wema Bank, Fidelity, and Opay to expand its reach.
Despite potential competition from other fintechs and banks, CashAfrica believes its proprietary infrastructure and early-mover advantage will give it a significant edge. By focusing on user experience and building a strong network of partners, the company hopes to establish contactless payments as the new norm in Nigeria.
