OyaPay, a Nigerian FinTech startup, has innovated its mobile payment solutions to leverage on the use of Bluetooth Low Energy and QR for offline payment process.
The startup, which began operating last year, describes itself as “Alipay for Africa.” The fintech startup has two types of mobile payment solutions; BluePay, powered by Bluetooth technology and ScanPay, which works by scanning a QR code using your camera.
BluePay leverages on the Bluetooth Low Energy wireless personal area network, and it uses as few bytes as possible. This technology allows in-store merchants to accept multiple payments from multiple customers simultaneously. The payment happens contactless and hands-free, thereby reducing queues at POS points.
ScanPay on the other hand, allows one-transaction-after-the other, with the merchants having to scan their customers’ QR code in order to accept the payments.
Abdulhamid Hassan, the founder, and CEO of OyaPay said, “Our mission as a company is to make a smartphone payments as ubiquitous as cash in Africa. We strongly believe that providing yet another new payment solution for merchants does not make a big difference, and that’s why we provide added value service such as targeted …read more