For a long time now, digital payment has been dominant in Nigeria. If you want to send money to someone faraway or make a payment for something, you can make use of online payment gateways and processing platforms.
eTranzact is one of such payment processing platform. In fact, it could be the first ever in Nigeria as it was founded far back in 2003. In this article, I’ll be reviewing the platform so you know what it does.
About eTrazact
As mentioned earlier, eTranzact is a payment processing platform; the name is a portmanteau for “electronic transaction”. It is used to receive and process customer payments by top businesses and companies, not just in Nigeria but in Africa at large.
Some of eTranzact’s top customers include Airtel, MultiChoice, Western Union, MoneyGram, PayPal, Unicef, MTN, WorldRemit, Mastercard, etc. Many schools – mainly universities – in Nigeria make use of eTranzact to receive school fees payment. Furthermore, almost all commercial banks in Nigeria works with eTranzact.
In 2018, the platform won the Cashless Driver: Mobile Money Operator of the Year award by CBN & NIBSS. This shows how renowned it is.
eTranzact Products
eTranzact is developing varieties of financial products to help offer services to more and more customers. Some of their products include;
PayOutlet
With PayOutlet, you can purchase airtime for any mobile network, pay bills, and send money to anyone within Nigeria, Ghana, South Africa, Cote d’Ivoire, etc.
BankIT
BankIT is a payment gateway that allows businesses and customers to make seamless transactions. It connects to your bank account and you can make payment via a mobile app, browser, or USSD code.
WebConnect
This intermediary payment processor processes payments on behalf of business merchants. It can be integrated on an eTranzact merchant website via an API and it’s well encrypted for security.
CorporatePay
CorporatePay was developed for private and government companies to help them streamline their salary payment activities. It handles both many-to-one and one-to-many salary payment methods.
PocketMoni
PocketMoni is eTranzact most popular product. It’s a mobile wallet service that allows users to save, pay bills, buy airtime, and make other swift transactions with their mobile phones. Users can fund their wallets via agents or from their bank accounts.
SwitchIT
SwitchIT is a product for carrying out value added services. This includes money transfer, bill payment, airtime top-up, and more.
eTranzact address and contact
In Nigeria, eTranzact has its head office at 5th Floor Fortune Towers, 27/29 Adeyemo Alakija Street, Victoria, Island Lagos, Nigeria. There are two other offices in South Africa and Ghana.
You can contact eTranzact for inquiries by sending a mail to [email protected] or [email protected]. Furthermore, you can call them or send them a message on WhatsApp.
Bottom Line
eTranzact is a renowned Nigeria digital payment processor. If you run a business, feel free to register with any of their products and give your customers broader means of making payments at any agent office or commercial bank.