Nigeria-based fintech Accelerex has deployed its Pay with Fingerprint solution on PoS terminals in Nigeria.
Pay with Fingerprint allows bank account holders to make secure and convenient payments at merchant locations using their fingerprints on biometric-enabled PoS devices. Accelerex said that this solution uses advanced biometric technology to offer a seamless payment experience while enhancing security for consumers and merchants.
The solution addresses common challenges such as card fraud and the inconvenience of carrying physical cards, paving the way for a more efficient and secure payment ecosystem. Its enhanced security ensures that only the account holder can authorise transactions, significantly reducing the risk of fraud.
Commenting on this launch, officials from Accelerex expressed their enthusiasm regarding the potential of Pay with Fingerprint, saying it will foster a more secure commercial environment for both business owners and consumers, as well as to facilitate swift and efficient transactional operations.
Making digital payments more convenient
According to Accelerex, convenience is at the heart of this payment feature. Customers can make payments quickly and effortlessly by simply placing their finger on the biometric PoS device. This streamlined process not only accelerates transactions but also eliminates the need for customers to carry their bank cards, making everyday purchases smoother and more efficient. Indeed, Pay with Fingerprint is set to augment the payment landscape in Nigeria.
With the introduction of Pay with Fingerprint, Accelerex is not only pioneering the development and customisation of this technology but has also achieved an unprecedented certification for biometric PoS devices by the Nigeria Inter-Bank Settlement System (NIBSS). This dedication to new solutions places Accelerex’s position as an innovator in the Nigerian fintech sector.
A prominent fintech in Africa
Accelerex has grown into a formidable player in the fintech industry and has established itself as the preferred physical payments partner to all merchant acquiring banks in Nigeria. The fintech company has over 150,000 merchants and agent endpoints across Africa and has consistently ranked as a top provider of payment channel services (by value of transactions processed) in Nigeria since 2018. It currently operates in Nigeria, Ghana, and East Africa, with plans to expand to other parts of the continent in the future.
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