Accelerex, a prominent fintech company in Africa, has revealed the introduction of its innovative “Pay with Fingerprint” solution. This pioneering solution, the first of its kind to be implemented on point-of-sale (PoS) terminals in Nigeria, enables bank account holders to conduct secure and convenient transactions at merchant locations using their fingerprints on biometric-enabled PoS devices.
The “Pay with Fingerprint” system harnesses advanced biometric technology to provide a seamless payment experience while bolstering security for both consumers and merchants. This solution addresses prevalent issues such as card fraud and the hassle of carrying physical cards, leading the way for a more effective and secure payment ecosystem. Its heightened security ensures that only the account holder can authorize transactions, thereby significantly reducing the risk of fraudulent activities.
Convenience is a fundamental aspect of this payment feature. Customers can swiftly and effortlessly make payments by simply placing their fingerprint on the biometric PoS device. This simplified process not only expedites transactions but also eliminates the necessity for customers to carry their bank cards, thereby enhancing the smoothness and efficiency of everyday purchases. Undoubtedly, “Pay with Fingerprint” is poised to revolutionize the payment landscape in Nigeria.
Chuks Anakudo, the Managing Director of Accelerex Nigeria, expressed his enthusiasm about the potential of “Pay with Fingerprint” to cultivate a more secure commercial environment for business owners and consumers, as well as to facilitate prompt and efficient transactional operations. According to Mr. Anakudo, “The launch of Pay with Fingerprint is a testament to our unwavering commitment to revolutionize Nigeria’s payment infrastructure with secure, user-centric solutions that provide consumers with choices.”
With the introduction of “Pay with Fingerprint,” Accelerex not only spearheads the development and customization of this technology but also attains an unprecedented certification for biometric PoS devices from the Nigeria Inter-Bank Settlement System (NIBSS). This dedication to cutting-edge solutions solidifies Accelerex’s position as a front-runner in the Nigerian fintech sector.
With a robust array of payment products and a strong focus on customer satisfaction, Accelerex has been at the forefront of the digital payment revolution in Africa, furnishing various types of businesses with the tools and resources necessary for success. Emerging as a significant player in the fintech industry, Accelerex has established itself as the preferred physical payments partner for all merchant-acquiring banks in Nigeria.
The fintech company boasts over 150,000 merchants and agent endpoints across Africa and has consistently ranked as a top provider of payment channel services (by the value of transactions processed) in Nigeria since 2018. At present, it operates in Nigeria, Ghana, and East Africa, with plans to expand to other parts of the continent in the future.
