Fintech coy unveils innovative payment solutions

QorePay Technology Solutions, a new fintech company, has launched its cutting-edge fintech solution aimed at simplifying and streamlining payment in Nigeria.

Mr Joshua Owoyemi, Chief Executive Officer of QorePay, said the company plans to deepen financial inclusion by empowering Small and Medium Enterprises (SMEs).

Owoyemi said this during the unveiling of the fintech company in Lagos on Thursday.

He said the company’s mission was to ensure that every small business in Nigeria transitions from the traditional system of payment to digital.

He explained that this would be achieved by providing simple and easy-to-use solutions for all business segments in the country.

According to him, the internet penetration in Nigeria has provided a fertile ground for fintechs to grow and for the financial inclusion of every Nigerian.

Owoyemi said the company had seen a lot of challenges in the payment space in Nigeria, which it hoped to address.

“Sometimes payments processing in Nigeria can be cumbersome, it can be time consuming and sometimes not affordable.

“QorePay is being launched to address these issues by providing seamless, secure, simple, affordable payment solutions for all.

“We also want to unlock the potential of the Nigerian markets. We see the growth of mobile phones and internet penetration, these actually provide a field for fintech companies to explore and create solutions for financial inclusion of all Nigerians,” Owoseni said.

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He said Qorepay would create easy to use solutions that could detect fraud in real time.

Also, the Chief Financial Officer of QorePay, Mr Tolani Ogunsola, said one of the company’s core strategies was to reach out to small businesses across Nigeria with a view to bringing them into the payment system.

According to him, the target is to bring onboard over 50,000 small businesses and provide them with the solutions that could help them grow their businesses leveraging technology.

He said QorePay was also targeting job creations for Nigerians as well by building a team of local expertise in fintech.