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APPZONE EVOLVES TO BE KNOWN AS “ZONE”

Author admin 0 1522

 

Appzone, one of Nigeria’s foremost Financial Technology Firm (Fintech) located in Lekki recently evolved to be known as Zone. his is in line with the new hieghts the organization has reached and the need to service their consumer better by deploying innovative and robust payment gateway/infrastructure to their teaming clients. This change of name is a clear reflection of how well the organization has done locally and the need to solve various cross-border payment accross the content.

Oluwatobi Alaka, the Corporate Communications Manager, APPZONE said “Appzone Group formally pivoted and rebranded to become Zone, a payment infrastructure company. We have built Africa’s first layer-1 blockchain protocol that will enable payments and the acceptance of digital currencies for Financial Service Providers globally. This is a huge feat for an African company! This pivot from our cloud-based SaaS infrastructure will enable us offer payments processing services that support both fiat money and digital currencies, to enable a hybrid interim period in finance where TradFi and DeFi will coexist seamlessly.”

He added that “Zone allows participating institutions to connect directly with each other and perform payment transactions without an intermediary while completely automating settlement, reconciliation, and dispute management using blockchain technology. In August 2022, Appzone now known as Zone was granted by the Central Bank of Nigeria a ‘Switching and Processing License’ as a ‘Switch & Processor’ in Nigeria. With the new license, Zone is now permitted to perform commercial activities covered under the Super-Agent, Payment Terminal Service Provider (PTSP) and Payment Solutions Service Provider (PSSP) licenses.”

“Nigeria is leading in the area of fintechs in Africa and ZONE as a brand is here to revolutionize this ecosystem. Zone is poised to help solve cross-border payment challenges for financial service providers across Africa and we look forward to sharing this story with the world. I have attached our press release for more information on our rebrand. The absence of an intermediary or middleman in Zone’s architecture saves participating institutions money, enhances reliability and eliminates reconciliation delays,”Tobi concluded

 

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