PayAttitude Unveils Nigeria’s First Multibank USSD Applications

PayAttitude Unveils Nigeria’s First Multibank USSD Applications

By Nnamdi Odumody

In view of the Central Bank of Nigeria’s target to financial services providers to reach the 80 percent target for provision of financial inclusion to Nigerians, PayAttitude, a financial technology company that creates innovative solutions for payments and financial transactions, with focus on mobile and digital payment technologies, has developed the first multibank USSD and applications to facilitate smooth banking transactions on Point Of Sales(POS), Automated Teller Machines (ATM) and mobile (peer to peer) transactions with just a phone number.

PayAttitude hopes to onboard over 36 percent of Nigerians who are currently unbanked with these products. According to Agada Apochi, its Founder and CEO, most Nigerian firms do not own the technology they use, and PayAttitude wants to change this narrative, by creating a Nigerian solution, and by developing these products they hope to contribute in driving the 80 percent financial inclusion target. This will happen as users of the solutions do not need to visit the banking hall to get enrolled as they can also perform such other functions like request for payments, make safe third party payments via their mobile phones, without the use of third party channels.

PayAttitude owns a patent for a proprietary ‘’push to receive’’ technology which enables telephone numbers to be used for payments for goods/services across all channels. Its multibank product makes the phone number of a customer to automatically become a bank account which can be used to perform financial services, and it hopes to have a minimum of 500,000 Nigerians by the end of 2019.

The company has partnered with commercial banks, insurance companies and health management organizations in delivering financial services across board.

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