Wi-PAY Technologies, a provider of electronic payment solutions, has received a final licence from the Central Bank of Nigeria (CBN) to operate as a Payment Terminal Service Provider (PTSP) in the country.
With this licence, the company will be able to launch its services to a network of merchants and customers across the country.
The company, which has launched its PoS operations early in 2015, recently unveiled a mobile payment app and online portal. The app can be downloaded via Google Play or accessed online via a dedicated link.
Wi-PAY offers a range of e-payment services including non-cash payments via PoS terminals, mobile devices, online platforms and international remittance tailored to various markets.
Wi-PAY head of operations/IT Charles Ighedo said: "We feel quite excited and confident of our status as this license will enable us expand and serve our growing customer base in line with the CBN cashless policy.
"Since launching its PoS operations early in 2015, Wi-PAY Technologies has sealed Service Level Agreements (SLA) with about four banks, and more in the pipeline. The company currently has over 350 merchant locations mainly in Lagos and Port Harcourt in its customer base with significant number still awaiting installation of PoS devices.
"Beyond the continued expansion of its PoS services to SMEs within Nigeria, the company has prospective plans of launching an international remittance operation through its US- based sister company; Wi-PAY GLOBAL LLC (US).
"The Wi-PAY Global recently received its first international remittance license earlier this month from the US State of Delaware with over 10 license applications still pending."