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Zone Payment Network
Zone provides a regulated blockchain network for reliable, frictionless, and interoperable payments. They are building a first-of-its-kind network for moving and managing money in a compliant and transparent way, serving Africa’s leading Banks, Fintechs, and Regulators.
Lagos, NG
Description
Zone is a regulated blockchain network for payments, aiming to connect every monetary store of value and establish a decentralized yet regulated global payment infrastructure. It enables Financial Institutions to bypass intermediaries and connect directly for real-time processing and settlement of digital payments while remaining compliant with regulatory guidelines. Their products include ZonePOS, a decentralized payment gateway for POS transactions that enables direct card routing to issuers, eliminates chargebacks, and provides instant settlements. They also offer ZoneATM, a decentralized switching product for ATM cash-withdrawal transactions that enhances reliability and lowers costs. Zone is licensed by the Central Bank of Nigeria and serves Africa's leading banks and fintechs.Grant Funding
VC Funding
None
2024
$0
$8.5M