Are you interested to know if ZojaPay app is legit or a scam?
In this article we are going to review the payment app called ZojaPay which would show if it's legit or scam.
In recent times, there has been proliferation of payment and loan apps following the liberalization of Fintech.
Nigeria’s Fintech industry is experiencing stiffer competition and new startups enter the market on a regular basis. Some of these payments and loan apps are not reliable, triggering skepticism in the mind of people. This has prompted the Central Bank of Nigeria issuing regulatory guidelines and award of operating licenses in different categories.
National Information Technology Development Agency (NITDA), which regulates the development of IT products also regulates the quality of Fintech solutions in Nigeria. The Federal Competition and Consumer Protection Commission also grants approvals to loan apps to protect Nigerians from sharp practices of shark loan apps.
ZojaPay App
ZojaPay is a new payment app has officially launched in to the Nigerian market on the 16th of November 2023.
The app aims to revolutionize payment system in Nigeria, and is committed to streamlining the payment process.
ZojaPay is in partnership with AIICO Insurance PLC. and Chairman of the occasion, underscored the collaborative effort and visionary leadership that culminated in the creation of ZojaPay.
The AIICO Insurance Managing Director, Babatunde Fajemirokun who was at the launch said the app’s innovation, envisioning a future where it bridges gaps and enhances accessibility to financial services.
“The introduction of ZojaPay into Nigeria’s flourishing Fintech industry marks a significant milestone for the entire financial landscape of Nigeria. Positioned to revolutionize the Nigerian approach to financial services, ZojaPay aims for enhanced accessibility, efficiency, and security for every user. This is more than a product launch; it’s an invitation to join in the movement towards a future where financial technology empowers individuals and businesses alike, creating opportunities and enriching lives,” remarked Babatunde Fajemirokun.
Contactless Payments Made Easy
The platform supports QR code payments, allowing customers to simply scan and pay. It has the NFC (Tap to Pay) technology which allow uses to make quick and secure payments by simply tapping their smartphones or contactless cards, providing a seamless payment experience.
“With the NFC features, users can conduct quick and secure transactions through their smartphones as ZojaPay harnesses the NFC technology to deliver a seamless payment experience ensuring users have access to heightened security features of NFC payments, encompassing encryption, tokenization and convenience of effortlessly tapping your NFC-enabled phone to make contactless payments with ZojaPay,” Mr. Olusegun Dada, Founder/CEO of ZojaPay said at the launch of the app.
Mobile Point of Sale
ZojaPay mobile Point of Sale (mPOS) solution eliminates the use of expensive hardware. Mobile Point of Sale enables Businesses to accept card payments, track sales, manage inventory, and generate detailed reports in one user-friendly app.
Free Transfers
ZojaPay offers its customers free transfers services, which the company said it’s geared toward granting Nigerians access to banking services at a cheap cost. Users also receive 500 Naira cash back on their first transfers
Security
Zojapay guarrantes its users a safe secure transactions on the app as the Fintech company makes security its top priority. It says it employs robust encryption and tokenization technologies to safeguard sensitive customer data, ensuring secure transactions every time.
Compatible Operating Systems
ZojaPay is available for both iOS and Android devices and can be download on the App Store and Play Store respectively.