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Business / Business/ New Method Of Banking Which Enables Cashback On Every Transaction - by Voguepay: 6:02pm On Mar 18, 2020
If you could change the style and method of banking and financial services, what would you change?

Would you make it easier? More seamless? Less charges or No charges at all?

Imagine a banking method that actually helps you save while spending?

You spend 5000 on your dstv bills and get 3% cashback into your cashbox, You buy airtime 5,000 for data and get 3% cashbox into your wallet.

You literally get to save an amount whenever you spend.

How cool is this?

All these and more offerings on VoguePay digital app. It’s the new way of living. The banking style for smart people.

Check it out on www.voguepaydigital.com

Business / Re: Meet The Top Fintech Innovators In Nigeria. by Voguepay: 1:12pm On Feb 20, 2020
Hi Alsayer, that may not be possible at the moment.
We will keep you posted when such feature is available ... Thank you.
Alsayer:
Can a person get paid to their vogue pay account through PayPal?
Business / Meet The Top Fintech Innovators In Nigeria. by Voguepay: 1:56pm On Feb 17, 2020
Imagine for a second that today is a day in 1980.

If you were to pay for a service, you will need to carry cash with you for that transaction. Fast forward to today, you can simply pay with cards, bank transfers, USSD, airtime billing, wallets, and even crypto-currency.

All this happened thanks to innovative payment companies and other financial technology platforms. The impacts of these platforms have reshaped how several other businesses now deliver their services. Take, for example, eCommerce is riding on the fact that people can pay for the goods and services they purchase online. Other sectors like education, wealth management, insurance, etc are leapfrogging with fintech.

All these innovations have made life easy for consumers. But who are the people that made these things happen?

The faces behind the fintech innovations in Nigeria

That’s my goal.

In this article, I explored three major developments in the Nigeria fintech space. You will discover the major fintech institutions and the people behind them.

Ready to meet them?

Ayo Arise: the man that turned a plastic card into cash.


Ayo Arise, CEO of Cards Technology Ltd
The debit card (popularly called ATM card) is one of the first “digital” channels used for transactions in Nigeria. It was introduced by Ayo Arise, CEO of Cards Technology Ltd (CTL) in 2000. This ATM technology changed the landscape of payments in Nigeria.

Before 2000, most Nigerian banks had just a few branches and bank customers could only withdraw from the bank’s branch where the account was domiciled.

This would mean that as a bank customer, you would need to visit the branch where the account was opened before you can withdraw your money or make any request.

Ayo revolutionized this. His company partnered with Mastercard and Visa with the aim of promoting a cashless society. For his innovation, he was recognized by the Central bank of Nigeria as a value-added service provider to promote electronic commerce in Nigeria.



Mitchel Elegbe: the man that “switched on” online payment
Mitchel Elegbe
Mitchel Elegbe, MD/CEO of Interswitch
The name of Mitchel Elegbe is synonymous with electronic payment switch in Nigeria.

As the story goes, he had an encounter with an ATM in Scotland where the machine seized his card. It was then he conceived the idea of developing an infrastructure that would enable the electronic circulation of money. On his return to Nigeria, he established the company, which later evolved to be the first payment switching company in Nigeria. Today, InterSwitch has reached unicorn status after hitting a valuation of $1 billion, following an investment from Visa.

Mitchel has won several awards including the CNBC/Forbes All African Business Leader (AABLA) for West Africa and Ernst and Young Entrepreneur of the Year Award among others. He is also an alumnus of the IESE/Wharton/CEIBS Global CEO Programme.





Ojikutu Adeleke & co: The men that made online payment accessible for all.




Fintech Innovation
From the left, Leke Ojikutu, Michael Femi Simeon, Quam Ojikutu and Geoffrey Weli-Wosu.
History has it that Leke Ojikutu deferred NYSC for 4 years so he could pursue his entrepreneurial dreams. One of the ventures he went on to build is VoguePay – an online payment engine that offered SMEs the opportunity to accept payment online. He was joined by two other co-founders living in London who were frustrated by the lack of credible online payment options that could make it easy for them to send money for purchases made from Africa.

Together, these four co-founders, Leke Ojikutu, Michael Femi Simeon, Geoffrey Weli-Wosu and Quam Ojikutu – launched a payment gateway for the local market in Nigeria.

Before VoguePay, payment API costs $1000, an amount most SMEs in Nigeria could not afford. By making payment API free for the first time in Nigeria, Leke made online payment accessible for all. This changed the payment landscape in Nigeria as local businesses now have access to the international market using free plugins provided by VoguePay.

Today, what Voguepay pioneered has become an industry standard.

What’s the next innovation in fintech innovation?
The Nigeria fintech industry continues to innovate. Already, some of them are ranked among the world’s top 250 and overall revenue from the industry is expected to reach US$543.3 million in 2022.

All these growth is made possible by building on the works previously done by the innovators highlighted above. And as the fintech space expands, new leaders are also emerging; some notable ones include, FarmCrowdy, PiggyVest and loan platforms like Paylater (now, Carbon).

This informs the reason for VoguePay’s new latest product – VoguePay Digital – a borderless banking app that caters to the personal and business needs of users.

By working in partnership with banks, VoguePay Digital will enable traditional financial services institutions to introduce new products quickly—and spend less on IT maintenance. And most importantly, this means more choices, better products, and lower prices for consumers.

1 Like

Business / Do Nigerian Businesses Need To Comply With GDPR? by Voguepay: 10:33am On May 25, 2018
Yesterday (25th May), the European Union's law on data privacy, aptly called GDPR came into effect.

It requires any company that offer goods or services to EU citizens to comply with it.

As a Nigerian business, what's your business with this regulation?

Good question. This is because the law will be enforced if someone who is a EU citizen (irrespective of where he is living) or someone in EU zone visits your site or buys your product and services.

For companies and businesses that default, they are liable to a fine up to €20 million or 4% of the worldwide annual revenue.

1. Learn more about how GDPR affects your business: https://techpoint.ng/2018/05/22/get-ready-gdpr/

2. Learn more about how (like VoguePay), you company can comply with GDPR: http://voguepayblog.com/gdpr/


.

Business / Re: Voguepay Wat Is 3d Enabled by Voguepay: 2:31pm On Mar 16, 2018
Hello @betonnaira,

3-D Secure is an XML-based protocol designed to offer an additional security layer for online credit and debit card transactions. As a standard, you are expected to provide one time password, OTP before transactions are completed.

Thanks to @ekpeye for explanation

Why does VoguePay transactions require 3-D authentication?


1. 3-D secured transactions reduces the chances of fraud due to unauthorized usage of cards. The OTP is usually delivered to user's mobile number by SMS or email. Hence, if your card was used without your permission, you can still interrupt the transaction.

2. The process of charge back is easier to manage in cases of fraud attempts and merchants bear less liabilities

At VoguePay, we understand that 3-D is a safer option, but NOT the most convenient. For merchants that require the more flexible 2-D gateway, we are open to discuss enabling it for their transactions.

Please send a mail to support@voguepay.com to discuss further.
Webmasters / Re: Alternative For Paypal For An E-commerce Website by Voguepay: 1:40pm On Feb 27, 2018
Janvarisbeauty:


Can they accept international currency?

Great discussions going on here.

Obviously I am biased, but I want to advise that you choose VoguePay for this integration. To register for an account and start accepting payment happens in 3 simple steps. More about that here: http://voguepayblog.com/kb/getting-started-voguepay/


In case you need to make a case to your colleagues for choosing VoguePay, here are some articles you will find useful when you want to make your defense.

1. 5 reasons that PayPal users should switch to VoguePay http://voguepayblog.com/voguepay-vs-paypal/

2. VoguePay is sleek and powerful, making it easy to accept payment in any currency http://voguepayblog.com/voguepay3/


We are waiting for you,

Your friends from VoguePay
Business / Re: Voguepay Is Dead: Long Live Voguepay 3 by Voguepay: 12:55pm On Feb 27, 2018
If you want to know more about how VoguePay is using blockchain for banking and our views on the technology, please watch these videos.

1. Michael Simeon, our CEO shared some insights on TechTrends (West Africa's most innovative tech programme on TV)


https://www.youtube.com/watch?v=BeBNwY0OuFg&feature=youtu.be


2. Wole Ogunlade, our Head, Digital Media and Strategy discussed the impact of blockchain to the financial ecosystem, in this interview on ChannelsTV


https://www.youtube.com/watch?v=s9htpJQkkdw
Business / Re: Voguepay Is Dead: Long Live Voguepay 3 by Voguepay: 12:07pm On Feb 27, 2018
chrisbaxtian:



please, I want you to give a simple and straightforward explanation for the term "blockchain". if you cannot, then I am sorry for you and your numerous customers.

@chrisbaxtian, thank you for the question on defining BLOCKCHAIN. As you know, this is a buzzword already, but at VoguePay, we honestly believe that the future of fintech depends on it.

As far as definition goes, let's go with this "blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. (source: WikiPedia).

At VoguePay, what do we use Blockchain for?

VoguePay digital bank will soon be launched. It is a borderless banking service that makes it possible for the same person to enjoy banking services in multiple countries as if he is "local" in that environment. Imagine being able to roam your Nigerian MTN number in UK or any other country without having to buy another sim card.

With our blockchain-powered digital bank, we will be able to deliver this by using blockchain to hash the digital identity of each user and make it inter-operate with our partner banks.

Punch Newspaper did a great story about how this technology works and makes reference to our soon-to-be launched digital bank: http://punchng.com/blockchain-and-financial-services-disruption/
Business / Re: Voguepay Is Dead: Long Live Voguepay 3 by Voguepay: 11:21am On Feb 27, 2018
CosmicJames:

"We Upgrade" is a better word to use than "We Killed"

@CosmicJames, obviously, "we upgrade" is an easy choice of word we could have used. Saying "we killed it" better represents a lot of things that happened under the hood with the new VoguePay3.

We thank you for staying with us and hope you will enjoy the awesome functions we just launched.
Business / Voguepay Is Dead: Long Live Voguepay 3 by Voguepay: 7:56pm On Feb 25, 2018
Hi Nairalanders,

VoguePay is dead. We killed it in February, 2018.

We killed the ugly, dated VoguePay 2 to launch a brand new experience for our users.

A new VoguePay that is forward-looking is here. It will be Africa's first blockchain digital bank by Q4, 2018


TechNext's article called the initiative "The Big Comeback"

You can read more about this here: https://technext.ng/2018/02/23/the-big-comeback-voguepay-3-0-to-launch-a-digital-bank-soon/


cc: @lalastica
Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 7:26pm On Feb 09, 2018
Donald3d:
I love the new interface @ Voguepay .

Thank you for your feedbacks on the new platform.


Donald3d:

But what happened to buy now/direct link /generating payment links , I cant see that option anywhere .

The options to create payment links is now available here https://voguepay.com/business_solutions. Also, you can easily create and customize these links/buttons.

In addition to these, you now have the option to generate a customize invoice to request payment. https://voguepay.com/invoice_management

####

Donald3d:

Please improve on your integration options for developers ,especially for mobile apps , not that it doesn't work , but its not flexible enough when integrating into mobile apps .

We are making it a priority to develop mobile SDKs and mobile first APIs. These will be available soon. While this is a priority for us to develop these plugins, it is an opportunity for you to also earn developer commission of 30% if you can build it for the platform. Hope you know how how developer commission works ?


Thank you for sharing your feedbacks with us.

VoguePay team.
Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 12:21pm On Feb 09, 2018
New VoguePay logo[img][/img]

Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 12:20pm On Feb 09, 2018
[img][/img]

1 Share

Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 12:03pm On Feb 09, 2018
In this Twitter thread, we announced what to expect in the new platform as we went live. [img][/img]

https://twitter.com/voguepay/status/961433371577651201

Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 12:00pm On Feb 09, 2018
[img][/img]

Technology Market / Re: The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 11:44am On Feb 09, 2018
Technology Market / The New, Sleek And Powerful Voguepay 3.0 Has Finally Gone LIVE by Voguepay: 9:21am On Feb 09, 2018
Hello Nairalanders,

We are happy to announce the launch of our multi-currency gateway.

Below is an excerpt of our official press release.

#####

VoguePay.com, a leading online payment aggregator in Nigeria launched its new platform (VoguePay 3.0) with focus on empowering businesses to improve their revenue collections. The new platform simplifies the way that medium and small scale businesses can send and receive payment from local and international customers as they can now sell to global audience.

At the press briefings held at the Lagos office, the CEO of VoguePay, Michael Femi Simeon announced that the new platform allows merchants to accept payment in US Dollars, Euro, GBP, Ghanaian Cedis, Kenyan Shillings, South African Rands and bitcoin payments. This cross-currency payment gateway enables VoguePay to offer local businesses the capacity to facilitate cross-border transactions easily and securely in order to improve their revenues. Michael noted that over the years, the company has grown to become the fastest growing fintech company in West Africa that has not raised external funding while supporting more than 60,000 merchants across North Americas, Europe, Asia and Africa.

Businesses using VoguePay can now enjoy competitive transaction fees while receiving payments from their customers through multiple channels like cash, card payment, direct bank transfers, QR codes and bitcoin. The new platform also ensures improved ecommerce transaction success rates and offer more business support tools. Leke Ojikutu, co-founder and Chief technology officer noted that existing VoguePay users don’t need to do anything as their account will be migrated to the new platform. He noted that security and safety of financial transactions are now improved 3 times, even as the company seeks to comply with PCI DSS certification which is a mark of trust by industry standards.

In his remarks, Wole Ogunlade, the company’s head of digital media and strategy noted that the new product is more intuitive to use as the company invested in designing an improved user experience for users and also increased the channels for users to pay on its multi-currency platform.

The chief operations officer of VoguePay, Quam Ojikutu added that in additional to allowing merchants to receive payment from anyone globally, VoguePay has the right partnerships to onboard merchants from different countries and remit payments to them in their preferred currencies like euro, dollar, rands, cedi, naira and bitcoin depending on the country they opened their account. He further added that the launch of the new platform is part of an overall strategy to launch Africa’s first blockchain-powered digital bank by Q2, 2018. He noted that with the digital bank, VoguePay infrastructure will be suited to serve the needs of the diasporas. Mohammed Ibrahim Jega, the company’s head of business development, Africa also hinted that the company has secured a slot as one of the first Nigerian companies to join the international acceleration programme of one of Silicon Valley’s leading accelerators that have the likes of PayPal, DropBox and LendingCo in its community.

To register a free account on VoguePay, please visit : https://voguepay.com/
Business / Re: For Those Using Vogue Pay by Voguepay: 12:35pm On Feb 06, 2018
Hello.

You raised a lot of important issues in this post. I will provide the best answers possible. Please note that we are launching our new payment gateway, #VoguePay3.0 and some of these features are now available in the new platform.

skyhighweb:


so when does a fund mature?

mature funds is just a hold back


With the new gateway we are launching, you get paid the next day (T+1) for Naira transactions while it is T+5 days for transactions involving other currencies like US Dollars, GBP, Kenyan Shillings, South African Rands, and Ghana Cedis.

Actually, the fund maturity policy is not designed to hold you back from receiving your money. Look at it as a buyer protection policy to ensure that scams don't use our system to defraud people.

The maturity period allows us to confirm that client is satisfied with transaction before allowing the merchant to withdraw the money.


Let's go to the second set of questions......


skyhighweb:


what if its something thats requires quick wildraw to facilitate a service

If you want to withdraw your money faster, you can configure auto-withdrawal option olin your account settings. This allows you to automatically withdraw Funds to your bank account and very merchant has access to this feature.

....to the next sets of questions (and these questions are IMPORTANT)

skyhighweb:

what if the buyer has been given his/her service due and decided they want to make things difficult out of creed?

couldnt the bank be the one to solve fraud issue?

i think its best u remove that from some service maybe leave it for shopping even some buyers may buy and say they didnt get it


they have d merchant bank details let d bank/police do there work

u are but a middle man


For transactions that involved VoguePay gateway, we do not only play the role of the middle man, we are also responsible to financial agencies, our merchants and their customers. This is a BIG RESPONSIBILITY.

It means that we have to ensure that everyone is satisfied with the transaction. The good thing is that we have policies for managing this.

We called the policy buyer/seller protection policy. So in cases of disputes, we expect that merchants will provide evidence of service delivery. This shows whether they delivered the service or not. More details here: http://voguepayblog.com/kb/evidence-service-delivery/


We also advise our merchants on how to handle chargebacks http://voguepayblog.com/kb/handle-reversal-chargebacks-voguepay-account/

.
.

I hope this feedbacks help you to understand how our gateway works. Thank you for opportunity to respond.
Webmasters / Re: Voguepay Affliate Program Complete Review by Voguepay: 7:28pm On Feb 04, 2018
It is important to state that affiliate earns 10% commission on the transaction charges, not the whole transaction.

Using same example, if the transaction charge that VoguePay earns from $100 is $1, it means that the affiliate will earn $0.1 while developers will earn $0.3.


It is important to note that for every transaction, there are multiple providers involved (acquiring banks, card provider, VoguePay and other providers). This means that each provider will get a share of the transaction fees. Our affiliate programme gives 10% or 30% of our own fees as affiliates or developer commission respectively.


classicoladammy:

Voguepay pays you 10% of your referrals
transaction.

If the person you referred sends or
receives $100 , you will be give $10

Webmasters / Re: Voguepay Affliate Program Complete Review by Voguepay: 7:20pm On Feb 04, 2018
This is an informative post about VoguePay affiliate program. Thank you.

At VoguePay, we have 2 types of affiliate programmes.

1. Earn 10% commission.

By referring a new account to VoguePay you earn 10% commission on their transaction fees. To refer someone, simply give them your merchant ID as the link to use to sign up their account i.e https://voguepay.com/[Your merchant ID].

Use this guide to locate your merchant ID: http://voguepayblog.com/kb/where-can-i-get-my-merchants-id/


2. 30% developer commission.

As a developer, you can make 30% commission from transaction fees Everytime the person you developed a website for (with VoguePay) makes money.
Here is detailed guide about how it works. http://voguepayblog.com/kb/how-does-developers-code-work/


Also, you can earn this fee by simply developing plugins and extension libraries for VoguePay. http://voguepayblog.com/kb/develop-plugins-earn-money-30-commission/



classicoladammy:
Voguepay referral program is a way which
you can earn cool money online by just
referring people to sign up.

ABOUT VOGUEPAY
Voguepay is an online payment
processor that can help you in sending
and receiving payments online.

It is the next after paypal and payorneer.
Voguepay is also good because once
you receive money into your Voguepay
account, you can withdraw it into your
local bank account without stress.
Back to thr topic, voguepay referral
program !

Voguepay pays you 10% of your referrals
transaction.

If the person you referred sends or
receives $100 , you will be give $10

HOW TO JOIN VOGUEPAY REFERRAL
PROGRAM
1》Visit voguepay.con/register

2》fill in all the required information
correctly

How to get the affliate link: The affliate
link is located at the left hand side of the
voguepay dashboard.

How to get referrals

1》Sharing the link on
your social media page or account like:
Facebook
Twitter
Instagram
Linkendin

2》You can also share on big forums
like:
Nairaland
Reddit; etc

3》Your blog is also a nice place to put
you affliate links or banners

4》Share affliate link with collegues and
friends

5》You can write a blog post related to
voguepay referral program then you put
your referring links in between the post

How to withdraw your earnings

You can get your voguepay referral
programs earnings by just withdrawing it
into your voguepay account then you
can send it to your local bank account or
make online transactions with it

This is a golden opportunity, make use of
it

source: www.infotechblog.com.ng/2018/02/how-to-make-money-from-voguepay.html?m=0
Business / Re: Website Payment Gateway by Voguepay: 7:05pm On Feb 04, 2018
VoguePay allows you to accept payment from international buyers. Your customers will be able to pay in their own currency while you accept payment in Naira or any default currency of your choice.

One of the major advantages of the new VoguePay 3 is that you can indicate other countries as your default country (outside Nigeria). For example, you can select USA and be able to list your goods in dollars instead of Naira.


(Please note that terms and conditions apply)

Linzo:
Can any of this voguepay, simplepay or paystack accept payment from foreigners who don't use naira?
Business / Re: For Those Using Vogue Pay by Voguepay: 6:58pm On Feb 04, 2018
VoguePay has a policy to protect both buyers and sellers using the platform. To ensure that buyers are protected from scams, we implemented maturity period for funds which simply means that merchants will not be able to withdraw that money in case we are contacted by the buyer for refund.

As soon as the fund matures, merchant can initiate withdrawal to their bank account.

More details here: http://voguepayblog.com/kb/account-withdrawal-insufficient-funds/

Thank you.


skyhighweb:


havent even verified yet frankly dey are slow

and what is the meaning mature wallet
Business / Re: For Those Using Vogue Pay by Voguepay: 6:51pm On Feb 04, 2018
The delay to your message was as a result of the migration to our new payment platform.

Please note that with VoguePay, your customers can pay for goods on your website using ATM cards, bank transfer, QR codes and even in international currencies. They do not have to be VoguePay users to pay you.

As soon as you integrate VoguePay to your site, your customers will be able to pay you easily. Our support blog has helpful information to get you started http://VoguePayBlog.com/kb

skyhighweb:


it came this morning, 6 msgs regarding password change. any way quick question if some one wants to pay me money an i have vogue pay in my site do do that to also be a vogue pay member before they can make payment?
Business / Re: For Those Using Vogue Pay by Voguepay: 6:42pm On Feb 04, 2018
Hello @skyhighweb, we take merchants like you seriously. Kindly bear with us for the delay.

As I write, we are in the process of launching a brand new payment gateway which means you will be one of the first set of new users to start enjoying our new gateway launching 5th February, 2018.

As soon as the migration is completed, you will be able to verify your account to go live on our platform.


skyhighweb:
please am about to use their service, for those using their service(business account mostly) whats the advantage and disadvantage.

ps i registered for business account for the love of me the password refuse to work i called them they said they will look into it that was 15hrs ago, i yam now fearing oh, if this is how they respond to customers.
Business / ‘enabling Regulatory Environment Needed For Fintech To Thrive’ – Voguepay CEO by Voguepay: 4:08pm On Dec 28, 2017
Chief Executive Officer at VoguePay, Michael Femi Simeon, a strategic and relentless thinker, who leads VoguePay with over 21 years of business experience, mainly in the property investment sector, and online projects in this interview with AYOBAMI ADEDINNI speaks on the Finance Technology disruption in the nation’s finance sector, regulatory bottlenecks and sundry issues. Excerpts:

Fintech companies have been described as disruptors in the world’s finance service sector. Looking at the Nigerian environment, how true or otherwise is this?

There are more than 100 Fintech companies in Nigeria and industry professionals believe they could potentially redefine the finance services landscape in Nigeria. However, for Fintech company to have real impact on the society there has to be an enabling environment. The regulators need to be open-minded to innovation and allow room for Fintech startups to thrive. If you compare Nigeria to other advanced economies, our regulators still have a lot to catch up.

Industry watchers believe many of the innovative services in finance technology that have come along in the past 10 years are not coming from bank, how have you as a stakeholder tapped into this?

I agree that majority of innovation in finance services are not coming from bank because of their monolithic approach. Despite this, it is important to note that banks are still a significant part of the finance ecosystem, therefore, they are still relevant for any finance services to be delivered. The future is bright for Fintech. In fact, banks should be more positioned to partner. Smarter Fintech startups are partnering banks to deliver unique banking experience for their customers while disrupting the archaic banking experience that traditional banks are known for. At VoguePay, we have banking partnership that enables banks to offer better experience and provide new channels to serve their customers.

Data security is an issue regulators are concerned about because of the threat of hacking as well as the need to protect sensitive consumer and corporate finance data, do you think the Fintech industry in West Africa is competent to meet these challenges?

Data security is important in the finance industry. While new Fintech solutions, like bitcoin and cryptocurrency in general might still have loopholes, it is time to start discussing frameworks for security that does not impede innovation.Regulators can enforce all players to provide sandbox environment where new technology will have access to dummy data before going live. For example, in London, Financial Conduct Authority (FCA) runs a sandbox programme that allows innovators to test new finance products in live market.
Also, security requirements should be progressive. As a payment aggregator, VoguePay is reviewing its PCI DSS compliance and has enforced best practices to protect customer’s data.

What are the challenges inhibiting the Fintech industry in Nigeria?

There are several challenges facing Fintech startups in Nigeria. One of them is the quality of workforce; because this is a new field, there is dearth of software developers, data scientists and other expertise. Even the few ones that exist in the market are in short supply and too expensive to hire. This reduces the speed at which innovative products can be created for the market at affordable cost.
We also have to deal with regulators who are still playing catch-ups, through archaic regulations. A good example of such archaic regulation is the requirement for drone usage in Nigeria that is stifling innovation.
The recipe that will facilitate innovation will include closer and enabling working relationship between CBN, NIBSS and Fintech, just as they have with the banks.

What can you say about the digital currency and how are Fintech faring?

Digital currencies are the new waves that will power finance services of the future. This is because blockchain technology is a secure way for asset allocation and transfer at cheaper cost without any global regulators. Understanding this new wave, VoguePay became the first Fintech startup in Nigeria to bring cryptocurrency trading to Nigeria. We partnered Ice Cube X, a South African cryptocurrency exchange platform to enable Nigerians purchase bitcoin and ethereum. The good news is that the Central Bank of Nigeria is considering how to work with players in the space, especially as cryptocurrency is becoming an important part of the Nigerian finance ecosystem.

Fintech companies often face doubts from finance regulators like issuing banks and the Federal Government, what’s the experience of VoguePay?

Many people believe that Fintech is just a buzzword that will fizzle away. Fortunately, many Fintech startups have proved themselves in the market. For example, when VoguePay started, because of the finance regulations, we were limited to process a maximum of N2000 per transactions. By addressing key concerns of regulators through adequate KYC, security and infrastructure, we noticed the readiness of the regulator to cooperate. Today, Fintech in the payment space can facilitate transactions via multiple channels like USSD, direct debit, card payment and mPOS to the tunes of millions of dollars.
VoguePay is one of the beneficiaries of the ecosystem and our activities have won us several accolades including the best Fintech startup at Cashless Africa Awards 2017, among several recognitions.

Now on VoguePay, five years down the line, how has the company grown?

Our vision is to become the payment bridge that connects Africa with the rest of the world. As a company, VoguePay has grown from serving local market to helping customers globally send and receive payment, with millions of dollar transacted on the platform.
We managed to achieve all this without external investment, that is why I reckon that we have just started. Right now, the company is at its growth stage and we are moving into the digital banking space to help consumer make better finance decisions using machine learning and analytics. We will be announcing new plans toward the end of the year.

Background information about VoguePay

VoguePay is an online payment processing company, with talents and experience from the United Kingdom and Nigeria which allow us to leverage on vital local cultural and environmental knowledge with European finance sector best practices. This places VoguePay in a unique position to deliver trusted services and open gateways to business in Nigeria, Africa and the world. Vogue Web Solutions has its International headquarters in London Canary Wharf and runs operations from our office in Lagos, Nigeria and Kampala, Uganda. Our Technical and Development Team is based in Lagos.
VoguePay’s successful relationship with federal, state and local institutions – along with other private and public organizations – has enabled us to achieve consistent month-on-month growth. VoguePay is 100 per cent self-funded and year-on-year profits and growth since our inception – and are in the process of scaling to move the business to the next level. We are a multiple award winning, multi-purpose secure payment gateway that has achieved top industry-based certifications.
In addition, VoguePay has recently received three awards for excellence from the Fin-Tech industry and the business community including the Best Fintech Startup at

Cashless Africa Award 2017, African Online Platform of the Year 2016 and the Best Emerging Online Payment Platform in Africa 2016. We were also recognized as one of the top 3 leaders of Fin-Tech in Africa in the maiden African Fin-Tech 100 power list in October 2.


Source: http://nigeriannewsdirect.com/enabling-regulatory-environment-needed-for-fintech-to-thrive-voguepay-ceo/
Webmasters / Re: How Do I Intergrate Online Payment Gateway In My Blog by Voguepay: 3:56pm On Nov 27, 2017
valentineuwakwe:
hi,
I am a big confuse here and I need expect on the subject matter, I own a blog which now receive atleast 5,000 unique visitors daily but i want to integrate an online payment gatewaymon it like interswitch, voguepay, quickteller, etc but don't know how, can anyone tell me
thanks

Hello Valentine,

It is good that you are considering accepting payment on your blog. Obviously, you can use VoguePay for that. To assist you further, we will like to know if you are using any of the popular CMS because we have intgerations for them already: You can see the links here: http://voguepayblog.com/kb/how-do-i-integrate-voguepay-on-my-website/

In case you are using a custom website, you can use our API to integrate VoguePay or you can use the payment links which is easy to do. http://voguepayblog.com/kb/receive-payment-without-a-website/

To help further, please leave comments on NL or send a mail to support@voguepay.com
Business / 7 business secrets you need in 2018 by Voguepay: 2:14pm On Nov 20, 2017
Do you want to know the 7 secrets you need to build a successful business ?

If yes, there is a lot of lessons you can learn from the interview with CEO of VoguePay on "building the future" podcast. He talked about how he built VoguePay to become the fastest growing fintech company in West Africa that did not raise money from investors.There are so much "secret details" you can use in your business.

Listen to the interview: http://voguepayblog.com/voguepay-funding/

I also highlighted some of the lessons below:


Collaborate with other people:
Everyone should not aspire just to be called CEOs for the sake of it, instead, they should join forces with other like-minded people. The proverb, “two are better than one” also applies to business. Don’t struggle alone when you can work together with others to achieve success. Michael noted that VoguePay is run by 5 co-founders who have equal interests in the business and each of them contributed resources to grow the business from their savings and sweat.

Always start with what you have:
Savvy entrepreneurs focus on using what they have to get to where they need to be. This affects how they utilize available resources to achieve their business objectives. For them, nothing is too small to start with as long as it shows clearly that they are making progress. When they make progress, they can now place a demand for additional resources.

Michael notes that while his company, VoguePay, has not raised funding so far, the result that his team has achieved puts them in a better position to raise more money at a better valuation as investors can clearly see what value they will deliver with the funding.

Be innovative and embrace customer service:
Innovation and customer services are the chief drivers of growth in the digital economy. It is important to note that innovation comes from customers and use of technology, hence an innovative company must listen for customer feedback on every issue and be ready to use technology to improve its processes.



Read more http://pageone.ng/2017/12/15/business-africa-venture-funding/



Cc; lalasticlala

Business / Re: See The 111 Questions People Want Voguepay To Answer NOW. by Voguepay: 10:58am On Nov 09, 2017
They say that pictures speak better than a thousand words, so here is one of the 3 groups of questions. grin cool

Business / Re: See The 111 Questions People Want Voguepay To Answer NOW. by Voguepay: 10:56am On Nov 09, 2017
Let me give you an idea of some of those questions that our digital media team spent time answering. Imagine questions like:

1. Is voguepay safe?
2. Is voguepay legit
3. Is voguepay.com genuine
4. voguepay vs paystack
5. simplepay vs voguepay
6. simplepay4u vs voguepay
7. voguepay ceo
8. voguepay contact.


For you will notice from the behaviour of online buyers/users is that they are doing due diligence before they use the platform (and there are more than 50,000 merchants as at today). This is a lesson for you too

In case you want to read our answers, visit http://voguepayblog.com/voguepay-answerthepublic/



.
Business / See The 111 Questions People Want Voguepay To Answer NOW. by Voguepay: 10:49am On Nov 09, 2017
Have you realized how people always ask questions before they make a purchase decision?

Recently, we used an online website called AnswerThePublic.com to check all the questions people asked about VoguePay before they sign up for our services. We were surprised that there are more than 100 of them.

You too should give your own company a check by visiting AnswerThePublic.com and type in your company name.

Check out our answers to the questions: http://voguepayblog.com/voguepay-answerthepublic/

1 Share

Webmasters / Re: What Payment Gateway Credits Merchant Account In Real Time. by Voguepay: 3:58pm On Oct 04, 2017
Glad you are considering VoguePay for your payment integration. The sign up process is very simple. We created this guide to show you the steps. http://voguepayblog.com/kb/getting-started-voguepay/


Welcome to the family and let me know how we can always help.
Education / Voguepay Seeks To Reward Nigeria’s Brightest Students And Developers by Voguepay: 4:39pm On Jul 31, 2017
VoguePay, one of the leading online payment gateways in Nigeria, in conjunction with the National body of Computer Science Students in Nigeria (NACOSS) seeks to reward Nigeria’s brightest students and developers who are building e-commerce and other software technology that can impact and improve various sectors of Africa’s economy.

Every year, undergraduates of various Nigerian Universities under the auspices of Nigerian Association of Computer Science Students gather for an annual convention. The 2017 edition would be remarkable as VoguePay.com; a leading Nigerian payment gateway with operations in 4 continents has offered to sponsor a special business/idea hack as part of the 5-day programme.

The students’ annual convention holds from July 31st to August 4th at the University of Uyo, Akwa Ibom State, with guests including the Acting President, Prof. Yemi Osinbajo, Honorable Minister of Communication, Alhaji Abdur-Raheem Adebayo Shittu and Mr. Udom Gabriel Emmanuel, Governor of Akwa Ibom State. The keynote for the event will be delivered by Daniel Steeves, who is a veteran software solutions architect for global brands like Adidas and also a board advisor to VoguePay. Daniel is bringing over 35 years of software development and consultancy to global brands to empower the students on the business of building and delivering software that solves real life needs.

The CEO of VoguePay, Michael Simeon noted that VoguePay is delighted to offer a unique opportunity to the students to demo their innovative business ideas/software solutions across agriculture, eCommerce or any sector of the economy. He affirmed that the contest is designed with the aim to empower Nigerian undergraduates interested in building tech-enabled business solutions that will solve real-life challenges in Nigeria. He added that unlike most hackathons which are designed to help the sponsor-company to fix challenges of their product, this event is strictly not self-serving.

As one of the judges for the event, Leke Ojikutu, the company’s co-founder and CTO noted that participants are free to present on any business idea of their choice by using the experience they have gained during their ongoing studies to identify and enunciate real world problems and conceive or create technological solutions accordingly. “We are passionate about helping students unleash their entrepreneurial skills by building solutions to real business pain points” added Wole Ogunlade, the company’s head of digital media and strategy. He further noted that it is an initiative of the company’s willingness to give back to the tech ecosystem and society at large.

Speaking further on the development, the company’s COO, Ojikutu Quam, said that VoguePay is happy to identify with the talents in our tertiary institutions and mentioned that the top 3 winners of the competition will win more than two hundred thousand (N200,000) in cash prizes and there would be consolation prizes for all contestants. The winner will also get assistance to formally register his/her business with the Corporate Affairs Commissions.

The VoguePay/NACOSS competition is part of a strategic 5-year partnership that the company is pursuing to help raise awareness about local talents on software development among students of tertiary institutions. Geoffrey Weli-Wosu, co-founder and head of legal, marketing and compliance affirmed.


(Interested in republishing the news? You are free to repost the news, please indicate source. Below are some additional graphics)

Original Source http://voguepayblog.com/voguepay-nacoss/

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