Mobile payment system just got more convenient in Nigeria as a consortium of six banks have inaugurated the Unified Payments’ electronic money transaction scheme known as PayAttitude.
First Bank of Nigeria Ltd, Zenith Bank, Access Bank, Diamond Bank, Skye Bank and United Bank of Nigeria, last week, collaborated with Unified Payments to drive novelty in service delivery and convenient mobile payment system .
The GMD/CEO, First Bank, Bisi Onasanya, who spoke at the official launch of the product affirmed that Unified Payments and PayAttitude would solve challenges that have plagued the domestic payments ecosystem.
With PayAttitude, customers and merchants have no worries of network availability. PayAttitude guarantee successful retail payments of PoS terminals without depending on online real-time communication. Transactions are authorized offline up to the value of the customer’s mobile wallet subscription with the bank. To ensure security and no fraud transactions, PayAttitude transactions are Chip and Pin enabled and holder’s unique Pin must be entered on the acceptance device before transactions are approved. Customers only have to protect their pins.
PayAttitude is the first-ever inter-operable multi-bank and mobile network-independent NFC-based contactless solution for m-Commerce and m-Banking.
Speaking about PayAttitude in Lagos, the Managing Director and Chief Executive Officer of Unified Payments Services Limited, Mr. Agada Apochi, stated that the payment solution is unique in a lot of ways.
“The first unique thing about PayAttitude is that there will be no issue with communication failure from your bank’s network. Each time you use PayAttitude, you are guaranteed successful POS transactions.
“The second unique thing is that you no longer need to carry a wallet for payment and carry a phone for communication, because we have achieved convergence. With your phone, which follows you everywhere, you will be able to communicate and make payments. It is unlikely that you will forget your phone at home, and if you do, you will go back home to pick it. The world is now a planet of phones, and we have to deliver solutions that talk to people’s lifestyle.
“You will be given a chip that will be put on your phone, and that chip will be linked to your bank account, and another account on the chip; so, you can make payments from the account that is on your chip, and also from your bank account”
PayAttitude is a Tag-type contactless solution based on NFC (Near Field Communication) technology that converts a subscriber/customer’s mobile phone handset to an NFC device and links the handset to the customer’s Debit or Prepaid account Plus ePurse enabling the customer to debit his/her account for different payment transactions.