PayChoice Emerges CBN’s Best e-Payment Gateway Provider



The Central Bank of Nigeria (CBN) has declared PayChoice, a payment solutions servicer provider (PSSP) as the best payment and collection infrastructure gateway provider for the year. Eyes Of Lagos gathered that, The PayChoice gateway beat other 10 competing PSSPs to emerge tops in the Cashless Driver: PSSP category in the CBN Electronic Payments Incentive Scheme (EPIS) Efficiency Awards which held on Thursday night in Lagos. PayChoice began operations in August 2016. Managing director/CEO of Upperlink, Segun Akano speaking after receiving the award said by leveraging on the integration to the national switch and the company’s vast experience in deploying bespoke software solutions, the firm has created a payment and collection platform which allows “for easy, fast and safe payments of bills, vendor and bulk payments”. He explained that the company’s platform offers customers the advantages to deliver fast and efficient payment, as it has successfully been integrated into the Nigerian Central Switch operated by the Nigeria Interbank Settlement System (NIBSS) in the country, which gives customers the ability to route payments via their preferred channels. “PayChoice stands out from the rest as we have carefully studied the market by interacting with key stakeholders and users to develop a user-customer centric product. Unlike other platforms, we have created a robust, yet user-friendly application which solves all payment problems. “We have streamlined our on-boarding process to ensure that due diligence and integrations are concluded within a week. We have easy to-use Application Programming Interfaces (APIs) that allows third party systems to connect easily”, he said.

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