ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    American Tinch Wins World 110m Hurdles Gold In Tokyo

    New Zealand’s Kerr Clinches Gold In Men’s High Jump At World Athletics Championships

    World Athletics Championships: Kipyegon Wins Historic Fourth World 1500m Gold

    NSC Pays Athletes’ Allowances, Bonuses At Tokyo World Championships

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    American Tinch Wins World 110m Hurdles Gold In Tokyo

    New Zealand’s Kerr Clinches Gold In Men’s High Jump At World Athletics Championships

    World Athletics Championships: Kipyegon Wins Historic Fourth World 1500m Gold

    NSC Pays Athletes’ Allowances, Bonuses At Tokyo World Championships

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Fintech Firm Bridges Trust Gap In Online Trading

by Royal Ibeh
3 years ago
in Business
Online Trading
Share on WhatsAppShare on FacebookShare on XTelegram

Pay Confidence Limited, a Fintech company in Nigeria, has launched Pay Confidence (PAYC), an online payment transaction assurance solution that provides payment intermediary service between sellers and buyers.

Advertisement

This is just as Nigeria moves into the full implementation of cashless policy.

Based on a revenue of $6.9 billion in 2021, Nigeria is the 33rd largest market for e-commerce, with a yearly growth rate of 12 per cent between 2021 and 2025 expected. PAYC aims to help the industry to fulfill this potential and empower more citizens, by bridging the trust gap.

The founder and CEO, Pay Confidence Limited, Austin Onwughai, at the launching of PAYC Application in Lagos, said the Nigerian online and offline trading space is experiencing tremendous growth, but could collapse if the issue of trust is not addressed.

Onwughai disclosed that Nigerians spend the most time on social media, adding that platforms like Instagram, Facebook, TikTok and Twitter have become a major place where buyers and sellers meet. “However, we have seen people angry over what they ordered and what they got. We have also heard of stories of fake alert,” he explained.

Related News

Lenders Would Have Seized My Assets If Refinery Project Failed – Dangote

3 hours ago

Court Orders Final Forfeiture Of $7m In Providus Bank Vault

6 hours ago

To boost the trust of Nigerians in online and offline trading space, the CEO said Pay Confidence has developed a solution called PAYC that stands as an intermediary between buyers and sellers. “The product aims to bridge the trust gap in online and non-face-to-face transactions by acting as a mediator between the buyers and the sellers through a seamless process that ensure that both parties are protected,” he added.

Explaining how the application works, Onwughai said PAYC is accessible via mobile, Web and USSD codes, adding that, “With PayC mobile app, buyers can now pay any merchant for goods and services, using the seller’s merchant code. PayC will then notify the seller of the payment to enable them to initiate delivery. Once the buyer receives the goods and confirms delivery, PayC credits the seller with the deposited fund. In a case where the buyer does not like the item, he can click dispute and within two to three hours, his fund will returned to his account.”

Transaction on PAYC is supported by Squad, a payment solution powered by GTCO that enables all types of businesses to make and receive payments from anywhere in the world, Onwughai said, while assuring that “We are aware the yahoo boys will look for loopholes, but we are prepared and we have put measures in place to block them.”

Join Our WhatsApp Channel

SendShare10174Tweet6359Share

Other News Updates

Business

Lenders Would Have Seized My Assets If Refinery Project Failed – Dangote

2025/09/16
Business

Court Orders Final Forfeiture Of $7m In Providus Bank Vault

2025/09/16
Business

Nigeria’s AI Adoption Surpasses Global Growth Average

2025/09/16
Business

Nigeria Leads Digital Asset Adoption In Africa

2025/09/16
Business

External Reserves Grow By 12% To $41.663bn

2025/09/16
Business

AIICO Insurance Unveils Recycling Project For Greener Future

2025/09/16
Leadership Conference advertisement

LATEST

‘I’m Committed To Ahmadu Bello’s Ideals’, Says Governor AbdulRazaq

IAWPA Chieftain, Felicia Iwobi, Calls For Agricultural Investment In Nigeria

Bida Poly Deploys Soldiers As Exam Invigilators As Lecturers Stay Away

Daisy Danjuma, Tumaka, Salami Endorse ‘Leading In A Storm’ For Public, Private Sector Leaders

JUST-IN: Nasarawa APC Deputy Chairman Barde Dies

Army Neutralises 2 Suspected Terrorists In Taraba

JUST-IN: Abia Lawmaker Akaliro Dumps APC For LP Over ‘Exclusion’

Police Arrest Suspected Cultists, Fish Thieves In Niger

Lenders Would Have Seized My Assets If Refinery Project Failed – Dangote

Akwa Ibom Police Nab 3 Suspects In Failed Human Trafficking Bid

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.