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Wi-Pay gets licence as payment service provider

prodsICON2Wi-pay Technologies has been formally granted a final license to operate as a Payment Terminal Service Provider (PTSP) by the Central Bank of Nigeria (CBN).

With the license, the company said it will now aggressively and confidently roll out its services to a network of merchants and customers across the country.

According to the statement released by the company, hither to this formal license, the company had an Approval-In-Principle (AIP) issued by the CBN in September 2014.

“We feel quite excited and confident of our status as this license will enable us expand and serve our growing customer base in line with the CBN cashless policy”, the Head of Operations/IT of the company, Charles Ighedo, said.

Besides its POS operations, Wi-PAY has recently launched a mobile payment app and online portal to compliment its array of services.

The app can be downloaded through Google Play Store or accessed online via the link paybills.wipay.com.ng

Since launching its PoS operations early in 2015, Wi-PAY Technologies has sealed Service Level Agreements with about four banks, and more in the pipeline.

The company currently has over 350 merchant locations mainly in Lagos and Port Harcourt in its customer base with significant number still awaiting installation of PoS devices.

Since connecting to Wi-Pay PoS devices, we have seen steady increase in our business activities and am very happy with their level of promptness and support services’’ Mr. Iroro Felix, a grocery merchant located in Lekki area of Lagos, said.

Beyond the continued expansion of its PoS services to SMEs within Nigeria, the company has prospective plans of launching an international remittance operation through its United States-based affiliate company.



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