XPRESS PAYMENTS PARTNERS WITH NAIRA BET ON PAYMENTS AND COLLECTIONS
One of the emerging forces in the Fintech space in Nigeria, Xpress Payment Solutions Ltd partners with leading online sport betting company Nairabet.
Nairabet and Xpress Payments are now working together to bring simplicity to collections and payments. The Payment Solution offered by Xpress Payments Is here to disrupt how merchants accept payments In Africa. The partnership between the two companies entails Xpress Payments to help with the collection of revenue across the web and through the Agency network. (PayXpress, Reseller, Payment Gateway & Agency Banking Network) for Nairabet.
Nairabet officially started operations in 2009, it is an online platform where users can place their sports bet and other online gaming services without having to visit the betting shops. Nairabet is the first online sports betting company in Nigeria. They are fully licensed and regulated by the National Lottery Regulatory Commission with their head office in Lagos State. Their list of gaming offerings extends across sports, virtual plays, online casinos, golden race etc. The number of registered subscribers on the platform stood at over 2.5 million as at end of 2020 with a 90% active subscription patronage.
Speaking to spokesmen of Xpress Payments regarding the new partnership they stated that ‘’A trend we have seen over the last decade has been for consumers to expect more on-the-go services, especially in Africa. We created XPRESS PAYMENTS to take advantage of this opportunity and provide millions of new Nigerians with a better way to pay faster’’. The head of Vas and private sector of Xpress Payment also stated ‘’Trust, peace of mind and security are the factors in which our users take confidence. These factors coupled with our flexible payment option is what keeps our customers coming back!"
Xpress Payment Solutions Limited is a wholly-owned Nigerian company that was incorporated in 2016 as a Private Company Limited by Shares. The company has an Authorized Share Capital base of N5 billion issued and fully paid up. Xpress Payment specializes in the design, implementation, and provision of platforms for Electronic Payments, Collections, Bills Payment and Funds Disbursement. As a shared infrastructure, Xpress Payments provides payment services around transaction switching and processing.
The organization also serves as a licensed Payment Terminal Service Provider to deploy and manage Point of Sale Terminals.