Zenith Bank launches POS payments without ATM cards, you might want to know how this works
Zenith Bank Plc launched the Unstructured Supplemental Services Data, USSD, Point of Sale (USSD in POS) payments, which allow customers to pay for goods and services through POS terminals in stores or e-commerce websites without the use of cards.
Zenith Bank launches POS payments without cards
The innovative payment solution, which works with CoralPay, allows Zenith Bank customers to use the * 966 # Eazy Banking (USSD) to pay for goods and services at POS terminals at commercial locations or e-commerce websites through the generation of a payment Code in the POS terminal that is then confirmed by the customer using his USSD pin.
At the launch of the new payment solution, Group Managing Director and Executive Director of Zenith Bank Plc., Mr. Peter Amangbo, said: “This solution is an exciting and highly innovative initiative to promote financial inclusion, facilitating payments. Customers remotely in the comfort of their homes / offices or in stores without the use of a payment card With this solution, customers in remote locations plagued by poor Internet access challenges can now easily transact using their phones with functions. ”
The * 966 # Eazy Banking from Zenith Bank in POS will further boost financial inclusion through the banking agency. It also allows bank customers, regardless of their bank, to make withdrawals from their accounts or wallets without cards at POS terminals at agent locations.
The solution was successfully connected to all existing POS terminals through integration with the payment terminal service providers (PTSP) and directly to the e-commerce sites (websites) of the Zenith Bank merchants / customers.
It also supports wallet transactions to another in banks of providers and operators of mobile money (MMO), which allows interoperability between platforms, financial institutions and payment service providers (PSP) in the payment industry.