Paga, a Nigeria-based financial service and payments provider, is tapping contactless payment provider LISNR, to help expand its contactless payment solutions to Africa. Specifically, Paga will be bringing ultrasonic authentication to its merchant solution, Doroki.
“We are excited to incorporate LISNR into the Paga and Doroki Apps. We are leveraging their technology for both person to business and person to person payments. This is exciting because people can now pay at a till without being very close to the cashier,” said Paga Group’s CEO Tayo Oviosu.
“It also enables us to offer more interesting non payment use cases for merchants and consumers. Our partnership with LISNR will give us a strong advantage in attaining our goal of 120,000 merchants in the next two years by offering yet another easy, contactless, and seamless way to make payments and drive loyalty with their customers”.
The partnership will allow users in Africa to pay for products and services with merchants and be able to send money to each other. Paga’s Doroki incorporating this ultrasonic alternative technology will be rolled out to its 33,000 merchants and 19 million users.
“Paga is the household name for Fintechs in all of Nigeria and is one of the market leaders in all of Africa. We believe our contactless & secure proximity solution will enable a seamless authentication process across it’s growing user & merchant database. With our easy to implement solution and our proven savings for merchants, we’re well positioned to help Paga in their goal of scaling to 120,000 merchants in two years,” said LISNR’s CEO Eric Allen.
The expansion of ultrasonic technology is a part of LISNR”s plan to address issues with traditional forms of contactless payments such as QR Codes. According to LISNR, the company plans to launch with other partners in Africa and will announce more by the end of this year.