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Business

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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Insurance

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Verve Partners Alcineo, Unveils SoftPOS to Boost Contactless, Digital Payment

 

Vincent Ogbunude

Managing Director

Verve International

Africa’s leading payment cards and digital token brand, Verve, has partnered with Alcineo, a leading provider of payment software and services, to deploy a software point-of-sale (SoftPOS) SDK solution.

This cost-effective solution will enable merchants to use mobile phones or mobile devices to accept contactless payments from customers, without the need for additional hardware, thereby giving predominance to mobile channels.

The SoftPOS solution will leverage Verve’s secure payments platform and Alcineo’s expertise in payment software development to provide a seamless and secure payment experience for both merchants and customers. The solution is expected to be particularly beneficial to small and medium-sized enterprises (SMEs) often faced with the challenges of accessing traditional point-of-sale systems.

The SoftPOS deployment in Nigeria is expected to further strengthen and contribute to the growth of digital payments in the country, across Africa and other regions where the Verve card is accepted.

The partnership also aligns with Nigeria’s efforts to promote financial inclusion and increase the adoption of digital payments. According to the Central Bank of Nigeria, only 36.8% of Nigerian adults have access to formal financial services. SoftPOS solutions like the one being deployed by Verve and Alcineo have the potential to increase access to payments infrastructure and support the growth of digital economy.

Speaking on the partnership, Vincent Ogbunude, Managing Director of Verve International, noted that as the foremost indigenous payment card brand out of Africa, Verve continues to find innovative ways to ensure that Nigerians get access to easy and convenient payment options. He added that the partnership will significantly impact the growth of Nigeria’s digital payment ecosystem.

Vincent Ogbunude remarked, “We are excited to partner with Alcineo to deploy this innovative SoftPOS solution in Nigeria. Alcineo’s expertise in payment software development will be instrumental in ensuring that the solution is secure, reliable, and easy to use for both merchants and customers.

The SoftPOS SDK solution being deployed by Verve and Alcineo has the potential to increase access to payment infrastructure and support the growth of the digital financial system.

This partnership represents an important development in the African payments landscape and a positive step towards increasing the accessibility and security of digital payments in Nigeria.

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Topics

Microsoft Unveils Fund for Affordable Internet

Microsoft Corporation has launched a new fund to cultivate companies with solutions that bring affordable Internet access to underserved markets. The fund is part of Microsoft’s Affordable Access Initiative, which invests in new last-mile access technologies, cloud-based services and applications, and business models that can reduce the cost of Internet access and help more people affordably get online. “Today there are approximately four billion people globally without Internet access,” said Peggy Johnson, Executive Vice President of Business Development at Microsoft. “The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world. Through this fund, we hope to kick-start the entrepreneurial process by identifying promising ideas that we can help nurture, grow and scale.”

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