Home Business Banking & Finance SPay attains milestone, processes over N2b transactions in a year

SPay attains milestone, processes over N2b transactions in a year

3 min read

SPay Business Solutions Limited, a leading financial technology firm in Nigeria, has announced the processing over N2 billion in transactions within its first year of operations.

According to a statement by the company, the significant milestone, underscores its commitment to simplifying and securing online payments across various sectors of the Nigerian economy.

Since commencing operations in January 2023, following approval by the Central Bank of Nigeria (CBN) to operate under the Payment Service Solutions Provider (PSSP) licence, SPay has swiftly risen as a cornerstone in the financial technology landscape. Offering a suite of services that includes a payment gateway, application development, and merchant services aggregation, SPay caters to a broad spectrum of clients ranging from SMEs to large businesses and government  agencies.

Founder/Chief Executive Officer, Mr. Akinwale Ojo attributed  SPay’s rapid growth to  its cutting-edge platform, designed for simplicity, security, and seamless functionality across all devices. “This user-centric approach has not only facilitated over N2 billion in transactions but also established SPay as the go-to provider for efficient and reliable digital payment solutions”, he explained.

A seasoned professional with over 20 years  experience in the Nigerian payment ecosystem, Ojo said that SPay is driven by a vision to become the most preferred payment solution provider globally. According to him,  the company is on a mission to deliver simple, secure, and seamless payment solutions, fulfilling the needs of the digital economy in Africa and beyond. It leverages cutting-edge technology and the vast experience of its team to power transactions across diverse sectors including e-commerce, digital banking, agriculture, and more.

SPay Business Solutions Limited is a fintech startup operating within CBN’s regulatory regime. With a team of experts boasting over 25 years of combined experience in application development, information security, and electronic payments, SPay is committed to revolutionizing payment processes for businesses, governments, and individuals through innovative digital solutions.

For more information about SPay and its services, please visit: https://spaybusiness.com/

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