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Preparing Nigeria’s Payment Infrastructure for Scalability


McKinsey estimates that by 2025, the e-payments market will grow by 150%, and even then cash might still be the king of payments, which means there’s significant additional room for growth. Zone is a payment infrastructure company that has developed Africa’s first decentralized and regulated payment network based on Blockchain technology. It recently announced that major Nigerian banks like Zenith Bank, First Bank and United Bank for Africa, joined its network. It has also launched a PoS payment gateway and processes $1 million in daily transaction volume.

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