Collect Africa is helping businesses accept payments seamlessly
In recent years, the digital payment industry in Nigeria has seen significant growth, with innovative payment methods springing up, making consumers’ lives easier and increasing their expectations when it comes to payment convenience.
With increased expectations, businesses that struggle to meet the growing payment needs of their customers lose out on a lot of sales.
Collect Africa addresses this challenge by bringing all of these payment options in one place, making them accessible to every business owner.
Business owners can accept payments through diverse payment methods right on the platform, including POS, direct debit, bank transfer, QR, payment links, and online channels like Barter and Opay.
Collect Africa also takes away the bottlenecks businesses go through when transacting with traditional banks. For example, its instant bank transfer feature enables payment confirmation within 10 seconds, against the regular minutes and sometimes hours spent waiting for a credit alert.
According to the founders, “We have all faced the inconvenience of not being able to pay even when you have money in your bank account or card. For example, you walk into a shop to buy some groceries, and the shop owner only accepts cash. You can’t pay with bank transfer or POS. You have to return the items, and the shop owner has lost that sale. We are determined to bring an end to this by giving merchants the ability to accept payments by bank transfer, cards, or even QR via our platform”.
In addition to its core feature of making a wide range of payment options available to businesses, one of the most exciting features endearing business owners to the platform is the ability to get a business account instantly.
It’s no news that getting a business account with traditional banks is an arduous task business owners have to go through, making some just set up shop and run their businesses using their personal accounts.
On sign-up, users get a unique business account tied to all the transactions performed on the platform.
While every user gets a business account instantly, Collect Africa ensures only legitimate businesses transact by mandating them to complete compliance that requires their business registration document.
Beyond enjoying seamless payments and getting a business account, Collect Africa is helping businesses grow.
The platform generates regular transaction reports that enable business owners to monitor their cash inflow and outflow, giving them an idea of how their business revenue is performing and helping them grow.
Abraham Ojes and Wale Martin, Co-founder, and CTO, founded Collect Africa out of a passion for making life easier for business owners.
The team will be releasing more features and innovations that will disrupt digital payments in the coming months.