E-business And Nigeria's New Payment Gateway By 2008.

The fact that Nigeria is still developing in the E-commerce sector does not necessary mean that we should not work on the existing payment gateways and e-commerce platforms. Talking about E-biz in Nigeria, I don't think this in any will be possible if there is no seriousness attached to the issue of Payment Gateways and E-commerce. One problem I foresee present in the existing payment gateways is the high cost of registration of users, their conditions and commissions. This is really malling the effort of the development of E-Business in Nigeria.

A Look into E-Business and Nigeria's New Payment Gateway by 2008.

1)   What should E-Business and Nigeria's New Payment Gateway by 2008 look like?
2)   What features are expected of it to help aid the growth of E-Business in Nigeria?
3)   How do we get Nigerians to appreciate E-Business?
4)   Can a new Payment Gateway be possible?

How to get Paypal, ClickBank and others to start listing Nigeria will also help Nigerias a lot. And the N150,000 by Interswitch is still much.

And we need more acceleration in Nigerias usage of the Internet. I hope a lot will come to play this year. Cheers!

Please, I will like to understand better what you mean here. Do you mean that if I developed a payment gateway, Banks like Skye Bank will charge me a commission and integrate my payment gateway to their system?

GTB offers a thing like that too. They called it WebPay. I don't think you'D still pay that 150k though the system is essentially through Interswitch.

Why wait for paypal? in fact why wait for the west to get us started?  We are building a p2p virutal payment gateway dedicated to Nigeria. It's coming out soon.

We are looking for early beta testers - only companies in Nigeria that have customers that will be prepared to test the system.  We are happy to help with with integration if the cmopany has no technical skills on ground.  We also have 3 free demos applications that can be used (a simple "Buy Now" button; an order form; and a full e-commerce store)

So watch this space.

I understand fully well that how good a payment gateway does is based on the ICT skill of the integrating bank. If they fail to understand and advertise the gateway well, then there will be no much users to appreciate the gateway.

The one question here is, "Are our Banks equal to the task of managing these payment gateways" and "how strong is the ICT developments of our banks?"

I think this will really help us know where we are heading to.

From the much I know as I have made inquiries from Banks and other sources and from what I have found out, Interswitch is only a company so also etranzact. These duo are the only companies offering this kind of service but Interswitch is topping the chart. We need a better company that will establish better services and top the chart leaving alone Interswitch and etranzact with their kind of services. The Banks are the only backbones to this. They can frustrate other establishing companies if they collaborate with Interswitch though this will weigh down the development of ICT especially in our Banking sector. Online Payment gateways would go a long way into helping solve so many issues like

• Reduce the risk of carrying physical cash around
• Easy payment for goods and services
• Increase individual income rate (Online transaction:::E-business- 24/7 open storefront through your website), etc

These I have mentioned might even be minimal pros. There could be more as it could help disburse the excess crowd that file at the Banks. If you can receive your payment online and have it credited into your account, if you can easily transfer funds to any account for payment without actually having to visit the bank don't you think your life becomes easier for you to live?

So many might talk on the issue of this creating unemployment but I tell you that at this point, you will have the banks recruiting more staffs to handle especially the customer service department since so many customers will keep calling in or mailing to rectify one issue or the other. Accounting now becomes tougher as well since no physical cash is involved. All is computerized and a single mistake will be very risky. More knowledge of accounting packages in the computer will now be required which will aid in the development of Personnels in computer literacy also. Come to consider these as let us plan together and see what becomes of out E-business and Online Payment Gateway.

Hello citizens,

As I mentioned last week, we are soon to launch a payment gateway for Nigeria - well you can take a quick look at was is to come by visiting

http://www.paynigeria.com (payNigeria)

If you are interested in becoming one of the first people to use our payment gateway, please register through the form the website, so that we can inform you when we go live.

As for transaction charges - its so low, its almost free.

Regards

Michaelg

PS: Keep on watching this space and do tell a friend.

Has anyone tried, Fastecash

It has been in use for a while. I even use it to manage a Membership website.

A lot of people make use of it as well.

Hi ISP;

I am happy to give you the URL to the beta application if you send me an email for now.

administrator aatt clicknigeria ddott com

It sounds to me you might be able to contribute to ensure we cover all the bases.

As part of the launch, we will also be giving away an open source online shopping application with payNigeria already integrated.

Regards

MG