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Payment service provider. A payment service provider ( PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
The company was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with operations in Nigeria, Kenya, Uganda, Ghana, South Africa, and seven other African countries. In 2021, Flutterwave raised a US$170 million Series C funding round.
Verve was founded in 2009, as a subsidiary of Interswitch. In 2013, it became an autonomous business entity in a restructuring exercise. [2] In 2005 the Central Bank of Nigeria (CBN) issued a mandate to the Nigerian payment industry that operators should migrate from magnetic strip to EMV chip and PIN platform by 2009.
Number of employees. 110. Website. www.korahq.com. Kora is a pan-African payment infrastructure company headquartered in Canada with offices in Nigeria and the United Kingdom. [1] The fintech company enables local and global businesses to accept payins, make payouts, and get settled across popular payment channels across Africa.
www .interswitchgroup .com. Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos. Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive ...
Remita is a financial services platform owned by SystemSpecs, a financial services company headquartered in Lagos, Nigeria. It has served as the gateway for the treasury single account of the Nigerian government since 2012. See also. List of online payment service providers; Electronic commerce; Payment gateway; Payment service provider
Zenith Bank Plc is a large financial service provider in Nigeria and Anglophone West Africa, headquartered in Victoria Island, Lagos. It is licensed as a commercial bank by the Central Bank of Nigeria, the national banking regulator. As of 31 December 2019, it holds $16.1bn in total assets, with shareholders' equity of $854 million.
Moniepoint Inc. was founded in 2015 by Tosin Eniolorunda and Felix Ike, who met during their time at Interswitch. Moniepoint Inc. was founded under the name “TeamApt” to provide back-end services to Nigerian banks. [3] [4] In 2019, Moniepoint Inc. received a switching license in Nigeria. [5] In 2022, Moniepoint received a banking license ...