Investment opportunity in F.C.T, Nigeria . | Interact in the
Has your card been declined for no reason while using a POS? Have you ever had to leave a store or wait up to 10 minutes or more in line just to buy something? As Nigerians we have all experienced slow, lack of connectivity or lack of POS availabilit...
Invested through Slourish.
has been pledged to this business by 6 micro-investor(s).
Access to this investment opportunity will be gone upon a total investment of ₦ 20,000,000.00
Investors' share: 0% | Min. Duration: | Est. ROI: 0%
This business has stopped accepting new investments for now.
Has your card been declined for no reason while using a POS? Have you ever had to leave a store or wait up to 10 minutes or more in line just to buy something? As Nigerians we have all experienced slow, lack of connectivity or lack of POS availability before when shopping. These issues happen because merchants are using old POS devices(like 2004 old) and cheap POS software.
PayUp has a solution for this.
We help SME (merchants) accept card payments & easily manage their business on their phone or tablet, by combining payment processing via our mPOS device with our free point-of-sale application features like inventory, accounting & customer management.
PayUp's 3G mPOS solution is faster than traditional GPRS POS in the Nigerian market. Our cloud based POS software is more secure, reliable and interoperable than the rigid & closed POS system in the market. Our hardware equipment is cheaper and our solution is more cost-effective than the current POS business model adopted by businesses in the country. You can view our demo here https://youtu.be/qgXSRF_zOMk
We have presented our solution and gotten the go ahead from CBN. We have signed service agreements with our hardware partners and acquiring bank. We also have pre-sign ups and letters of intent from up to 50 business. The funds will be used to finish development and launch our pilot phase with the 50 business already signed up.