29 January 2018

Nigeria: Voguepay 3.0 Payments Platform Makes Debut for Nigerian SMEs

VoguePay.com has launched a new platform that simplifies the way that businesses can send and receive payment from local and international customers, allowing merchants to accept payment in dollars, euros, rands, cedis, naira and bitcoin payments.

VoguePay.com, a leading online payment aggregator in Nigeria launched its new platform (VoguePay 3.0) with focus on empowering businesses to improve their revenue collections.

The new platform simplifies the way that medium and small scale businesses can send and receive payment from local and international customers as they can now sell to global audience.

According to the Chief Executive Officer of VoguePay, Michael Femi Simeon, the new platform allows merchants to accept payment in dollars, euros, rands, cedis, naira and bitcoin payments.

"This cross-currency payment gateway enables VoguePay to offer local businesses the capacity to facilitate cross-border transactions easily and securely in order to improve their revenues," Simeon stated.

Simeon noted that over the years, the company has grown to become the fastest growing fintech company in West Africa that has not raised external funding while supporting more than 60,000 merchants across North Americas, Europe, Asia and Africa.

He explained that Businesses using VoguePay can now enjoy competitive transaction fees while receiving payments from their customers through multiple channels like cash, card payment, direct bank transfers, QR codes and bitcoin. The new platform also ensures improved ecommerce transaction success rates and offer more business support tools.

Co-founder and Chief Technology Officer, Leke Ojikutu, noted that existing VoguePay users don't need to do anything as their account will be migrated to the new platform.

He noted that security and safety of financial transactions are now improved three times, even as the company has been seeks to comply with PCI DSS certification which is a mark of trust by industry standards.

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