By Modupe Gbadeyanka
A system aimed to allow businesses and merchants to collect online payments without stress has been launched by OnePipe and Fidelity Bank Plc.
The platform called PayGatePlus is an enhanced version of PayGate, which is Fidelity Bank’s flagship gateway.
PayGatePlus helps take away the hassles of irreconcilable payments, reporting and settlement as the comprehensive embedded finance platform empowers organisations in any sector to integrate financial services within their businesses and offerings.
Since its soft launch about a year ago, several brands across FMCG, aviation, agency banking and fintech sectors have embedded a range of the services available on the platform.
PayGatePlus’ services now include virtual accounts, web payments, online collections via NIBSS Instant Payment (NIP), funds transfer, direct debit, balance inquiry, statement, BVN validation, direct credit and Buy Now, Pay Later services.
Commenting on the development, the founder and CEO of OnePipe, Mr Ope Adeoye, stated that, “Our core at OnePipe is to help businesses and partners achieve maximum operational excellence, deeper customer intimacy and ultimately revenue growth.
“These and more are the opportunities our partnership with Fidelity [Bank] enables. PayGatePlus essentially provides merchants with the rails to deliver diverse financial services to their customers across a range of platforms viz; website, mobile app, social media and even in-store (in the case of retail outlets).”
On his part, the Executive Director and Chief Operations and Information Officer of Fidelity Bank, Mr Stanley Amuche, said on behalf of the Fidelity Bank MD, “Innovation is the key pillar of our strategic framework and we are constantly looking for new ways to improve our services and delight our customers.
“Everything we do as a financial organization including the design of our products and services has the customer as the main focus. It is on this basis that we have worked with our technical partner, OnePipe over the past few months to innovate a solution that enables businesses across different sectors to easily integrate financial services with their product offerings.
“The new PayGateplus is a significant upgrade of the legacy PayGate product and we’re very optimistic that it will open more opportunities for revenue growth for our customers.”
OnePipe has remained committed to providing embedded finance to Nigerian businesses and has since gone on to partner with about seven financial institutions in Nigeria, and has also made it possible for non-financial institutions like Omnibiz, Grow trade and Winich Farms to launch and cross-sell a range of financial services like credits, accounts and payments within their offerings.
