Nigeria’s Payme is set to be the country’s replacement of Paypal.

Launched this year and powered by Nigeria’s online payment platform QuickTeller, Payme allows users to receive payments form anywhere anytime. Users link their mobile numbers to their bank accounts to be able to receive cashless payments from anyone with an ATM card.

Claiming to be the easiest way for individuals and small businesses to send and receive cashless payment in Nigeria. Payme has been designed as an e-POS system with greater availability and usability anywhere, anytime and on any device with zero transaction charges.

Payme works simply. Anyone with a Smartphone, tablet notebook, Netbook, laptop or a personal computer with basic internet access can receive cashless payments .All they have to do is sign up for an account on the Payme site using their phone number and email address, link to any of their bank accounts  and begin receiving cashless payments.To send money, one requires a registered Payme account holder’s phone number.

The payer simply visits the Payme site, enters the receiver’s phone number  and then users their ATM card to effect the transaction. Touted as Nigeria’s PayPal, Payme was developed by Nigeria’s Cosmos Technologies Limited, a digital application solution, online business solutions firm and Nigeria’s E-learning and Datamaic Solutions Limited,  a software development and technology consulting firm.