NIBSS joins Zone’s blockchain payment network to include PoS standardisation functions on the blockchain
Zone has partnered with NIBSS to add PTSA functions to its blockchain payment infrastructure. The partnership will improve interoperability across the PoS payment value chain.
Nigerian fintech startups could spend over $1 million on KYC address verification
Fintech startups in Nigeria must physically verify the addresses of POS agents and all other customers as part of new KYC processes. The cost of verifying POS agents could be expensive, with startups potentially paying up to ₦1000 ($0.40) per agent.
