The recently introduced product suite features:
Marketplace: The Netapps marketplace serves as a comprehensive platform for all bill payment needs. It offers a range of services, including wallet-to-wallet transfers, inter-bank transactions, purchases of airtime and data, cable TV subscriptions, utility bill payments, gamified fast finger games, betting, event ticket bookings, loans, insurance, and various other bill payment solutions.
NetappsPay: This payment gateway facilitates individuals and businesses in integrating APIs to receive funds through multiple channels, including cards, mobile payments, bank transfers, USSD, QR codes, and more.
SwiftPay: SwiftPay is an enterprise resource planning workflow system designed to help businesses efficiently manage salary distributions, grants, giveaways, and other bulk transfers with just a single click.
KYCInsights: This ID verification service ensures the validation of all KYC data, addressing the difficulties businesses encounter when verifying customer identities during the onboarding process.
Debt Recovery: This API-driven service is tailored for credit and loan companies aiming to recover bad debts or address overdue loan challenges. It allows for direct debit from customers' accounts at any bank in Nigeria for repayments, recurring loan payments, or settling bad credit through eMandate and Global Standing Instruction (GSI).
The event took place in Abuja and attracted a wide range of attendees, including customers, partners, developers, and key industry figures.
Notable attendees included former Senate President and Secretary to the Federal Government, Senator Anyim Pius Anyim; Godknows Igali, Permanent Secretary of the Federal Ministry of Power; and Livinus Makwe, a member of the Federal House of Representatives, among other esteemed guests.
Richard Omoniyi, Chairman of Netapps Technologies Limited, conveyed his message to the audience through a speech delivered by James Ojodale, expressing appreciation for the continued support from stakeholders.
He emphasized Netapps' unwavering dedication to enhancing the financial services sector.
He stated, “Our vision extends beyond merely offering payment solutions. We strive to create an inclusive, accessible, and dependable payment ecosystem. Our products are crafted to close gaps, streamline processes, and ultimately improve the way transactions are executed throughout the nation.”
The keynote speech and product unveiling at the event were presented by Edwin Maduabuchi Okoro, the CEO of Netapps. He highlighted the company's commitment to broadening the scope of payment solutions, both in Nigeria and on a global scale.
Okoro indicated that they were introducing a range of innovative products designed to address the changing demands of customers, partners, and developers.
The CEO emphasized that as a payment infrastructure provider, their goal is to guarantee that every transaction, from initiation to completion, is carried out with exceptional accuracy and strong security measures.
He noted that a key component of Netapps’ strategy and services is its network of esteemed global partnerships, which includes collaborations with major industry players such as Mastercard, Visa International, American Express, and UnionPay.
He remarked, “Our focus on financial inclusion is driven by comprehensive market research that identified significant deficiencies in payment services throughout Africa.”
“To differentiate our products, we have formed alliances with influential entities in the financial sector, including Mastercard, Visa, UnionPay, American Express, Zenith Bank, Wema Bank, and Providus Bank, among others.”
He stated that these collaborations offer unmatched opportunities, as companies that integrate with Netapp’s API can instantly access global services, thus accelerating their own growth and development.
He clarified that Netapps is fully licensed by the Central Bank of Nigeria (CBN) as a payment solutions provider and is actively pursuing additional licenses to expand its service capabilities.
He highlighted that payments are essential to everyday life, and their innovative products are specifically designed for the fintech sector, developers, and businesses, allowing them to utilize the company’s infrastructure to provide top-tier financial services.