Zone Launches Point-of-Sale Payment Gateway Powered by Blockchain

Zone Launches Point-of-Sale Payment Gateway Powered by Blockchain

Zone, Africa’s fast-growing payment infrastructure company has announced the launch of its highly anticipated POS Payment Gateway.

Zone POS,  the new ,point-of-sale payment gateway solution, is  built on the latest version of its next-gen payment infrastructure that is powered by blockchain technology. 

The fast rising Fintech is a decentralized network of Banks and Fintechs powered by blockchain .

The fast growing fintech is  focused on enabling domestic and cross-border payments.

 Following the success of its ATM transaction processing service, the company has rolled out its PoS payment gateway. This  further fulfills the company’s promise of delivering reliable, frictionless and universally interoperable payments across multiple payment channels.

 Zone’s PoS Payment Gateway product brings a comprehensive payment processing solution to Banks and Fintechs that deploy PoS payment terminals. 

The product promises transaction reliability through;

•  direct routing of transactions to issuers,
•  same-day settlement for beneficiaries and their financial institutions, and
•  a robust framework eliminating chargebacks and chargeback fraud.

   Obi Emetarom, CEO and co-founder of Zone, confirmed this in a statement;

“Our advanced PoS payment gateway eliminates chargebacks and chargeback fraud on PoS terminals by auto-refunding customers for unsuccessful transactions and auto-declining fraudulent chargebacks in real-time — thereby building a foundation of trust and satisfaction among all parties involved”

Zone is a CBN-licensed payment switch so is able to implement direct transaction routing to issuers without violating regulatory guidelines on inter-bank payments.. 

“Our PoS Payment Gateway Product is a commitment to financial inclusion and to the digital future of all payments in Africa.” The  CEO added.

Zone’s PoS Payment Gateway  is  a distinct solution that sets a new standard in the industry. 

About Zone

Zone is a regulated blockchain network that enables payments and acceptance of digital currencies.

 It runs a  Layer-1 Blockchain network which  digitizes Fiat payments and enables the transition to digital currencies .

Zone is  Africa’s first decentralised payment network.

It allows participating institutions to connect directly with each other and perform payment transactions without an intermediary while completely automating settlement, reconciliation, and dispute management. 

Zone works with over 20 of the biggest commercial banks, fintechs and OFIs in Africa connected to its Layer-1 blockchain network. 

It was the only blockchain company that made it to the list of Africa’s fastest-growing companies 2023, by Financial Times and Statista.

For more information about Zone,  visit www.zonenetwork.com 

TechCity