Hundreds of businesses across Nigeria trust TrustPay to accept payment everyday
In 2018, we analysed the payments landscape in Nigeria. It was educative to note the giant strides being made by innovative fintech operators like VoguePay, Flutterwave, Paystack, Quickteller and more. The drive, ambition and overall innovation coming from these organisations have helped to push the space forward.
While their contributions were quite laudable and significantly noteworthy, we noticed that there was still quite a gap. Given a business that has fully adopted the use of electronic payments for their operations, there is next to no reason why such a business, having left a trackable digital train, not to be able to access banking services as a result of this trail they have left behind. For example, businesses should be able to access financing for short term working capital for their businesses easily. They should be able to earn an interest that is measurable and useful on the revenues they have collected. These types of services can only be made possible by financial institutions.
With TrustPay, we decided to team up with the payment providers to make this possible.
TrustPay will provide the payment rails, powered by our able fintech partners, while SunTrust Bank provides the relevant banking services to support the vision.
TrustPay is focused on providing a low-friction, state-of-the-art payment infrastructure that empowers businesses and their customers, then supports the businesses with what they need to sustain and grow their businesses.