OnePipe, a Nigerian API and embedded finance startup, has teamed with Fidelity Bank, one of Nigeria’s leading banks with a wide network of branches, to launch PayGatePlus, an enhanced version of PayGate, Fidelity Bank’s flagship payment gateway for businesses and merchants.
Fidelity has expanded PayGate into PayGatePlus, a comprehensive integrated finance platform that empowers companies in any sector to integrate financial services into their businesses and offers, with the help of OnePipe as an innovation partner.
Virtual accounts, web payments, online collections via NIBSS Instant Payment (NIP), funds transfer, direct debit, balance inquiry, statement, BVN validation, direct credit, and Buy Now, Pay Later services are now available through PayGatePlus.
OnePipe’s CEO and Founder, Ope Adeoye, expressed his delight at the company’s renewed partnership with Fidelity to modernize the payment gateway.
He commented, “Our core at OnePipe is to help businesses and partners achieve maximum operational excellence, deeper customer intimacy and ultimately revenue growth.These and more are the opportunities our partnership with Fidelity enables. PayGatePlus essentially provides merchants with the rails to deliver diverse financial services to their customers across a range of platforms viz; website, mobile app, social media and even in-store (in the case of retail outlets)”
Mr. Stanley Amuche, Executive Director and Chief Operations and Information Officer of Fidelity Bank, said on behalf of the Fidelity Bank MD, “Innovation is the key pillar of our strategic framework and we are constantly looking for new ways to improve our services and delight our customers. Everything we do as a financial organization including the design of our products and services has the customer as the main focus.”
“It is on this basis that we have worked with our technical partner, Onepipe over the past few months to innovate a solution that enables businesses across different sectors to easily integrate financial services with their product offerings.The new PayGateplus is a significant upgrade of the legacy PayGate product and we’re very optimistic that it will open more opportunities for revenue growth for our customers.”
PayGatePlus makes irreconcilable payments, reporting, and settlement a lot easier. Since the platform’s initial launch a year ago, various companies in the FMCG, aviation, agency banking, and fintech industries have integrated a variety of the platform’s services.
OnePipe has remained committed to providing embedded finance to Nigerian businesses, and has since partnered with about seven financial institutions in the country, as well as allowing non-financial institutions such as Omnibiz, Grow Trade, and Winich Farms to launch and cross-sell a range of financial services such as credits, accounts, and payments.