Collaboration is key for Unified Payments as it begins recording POS transactions

Collaborate. That’s a word Agada Apochi, the CEO of Unified Payments (formerly ValuCard), used six times in ten minutes as he talked about his company’s new license. It’s easy to understand why: Unified Payments is a product of collaboration, having been founded twenty-six years ago by 14 Nigerian banks.

 In April 2024, Unified Payments was granted a Payment Terminal Service Aggregator licence (PTSA), only the second to be issued by Nigeria’s Central Bank. 

“There was a single point of failure in NIBSS, the holder of the first licence, so there was a need to bring in another player,” a policy expert told TechCabal.

By Muktar Oladunmade.

Full story at Tech Cabal.