Lagos-Zenith Bank Plc has propelled the Unstructured Supplementary Service Data, USSD, installments on Point of Sales (USSD on POS), empowering clients to pay for products and ventures by means of POS terminals in shopping areas or on e-commerce websites without the use of cards.


The creative installment arrangement, which is controlled by CoralPay, permits Zenith Bank clients to utilize the *966# Eazy Banking (USSD) to pay for products and enterprises on POS terminals in trader areas or on internet business sites through the age of an installment code on the POS terminal which is then affirmed by the client utilizing their USSD stick. This code can also fix any compromise on your internet banking, ATM, Mobile Banking pin or password by simply dialing *966*11#.

Zenith Bank's *966# Eazy Banking on POS will additionally drive money related consideration through office managing an account. It likewise permits bank clients, regardless of their bank, to complete withdrawals from their records or wallets without cards on the POS terminals at specialist areas.

At the dispatch of the new installment arrangement, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc., Mr. Dwindle Amangbo, stated: "This solution is an exciting and highly innovative initiative in promoting financial inclusion, facilitating payments by customers either remotely in the comfort of their homes/offices or at merchant locations without the use of a payment card. With this solution, customers in remote locations plagued with challenges of poor Internet access can now carry out transactions easily using their feature phones."

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Nice development. This will improve commerce. But the security aspect should be looked into.