PayedIn Technology, a fintech firm, has launched an easy-to-use payment solution in Nigeria to help the digital economy.
PayedIn has partnered with McHenrich Technologies to reach merchants as part of its entry strategy. It will combine its no-code payment technology with Mchenrich’s marketing expertise to provide merchants with hassle-free payment services.
Merchants can sign up in minutes and receive payment. This solution promises to revolutionize merchant payment and hasten the country’s transition to a cashless society.
Organizations, businesses, and entrepreneurs are expected to have access to a secure and simple electronic payment solution as the economy digitalizes. However, the available solutions are complex and frequently necessitate complex hardware, intermediaries, or complex system integration.
This means that only the most elite organizations, businesses, and entrepreneurs with the necessary skills, capabilities, and resources benefit from cashless payments. The PayedIn team stated that this is the gap they wish to bridge.
“We created a payment platform that is simple to use and secure, with no need for hardware, intermediaries, or system integration.”
“Recipients only need to go through a simple sign-up process to get started,” said Debo Shopade, co-founder and CEO of PayedIn.
“PayedIn is secure by design with state-of-the-art security features such as email and phone number verification, two-factor authentication, and biometric security to keep transactions secure,” said another Co-founder and Chief Technology Officer, Aditya Padhi.
“We are confident that the combination of our technology distribution expertise and network, combined with PayedIn’s technology, will result in a permanent transformation of the merchants’ financial transaction ecosystem,” said Henry Igbo, Managing Director, McHenrich Technologies.