Zone launches blockchain-powered PoS payment gateway to tackle chargeback fraud
- Zone, a payment infrastructure company in Africa, has launched a blockchain-powered PoS payment gateway product.
- Zone's PoS payment gateway product is expected to enable banks and fintechs that deploy PoS payment terminals to facilitate payments.
- Zone's payment gateway plans to improve PoS transactions by enabling same-day settlement for beneficiaries and their financial institutions.
The launch of Zone's blockchain-powered PoS payment gateway product is a significant step towards financial inclusion and the digital future of payments in Africa. By enabling same-day settlement and eliminating chargebacks, Zone aims to improve PoS transactions and provide a more reliable and efficient payment infrastructure. However, competition from other payment infrastructure providers and regulatory requirements for PoS agents in Nigeria may pose challenges.
