Zenith Bank Plc has become the first Nigerian bank to
successfully integrate and launch Unstructured Supplementary Service Data
(USSD) payments on Point of Sales (USSD on POS), enabling customers to pay for
goods and services via POS terminals in merchant locations or on ecommerce
websites without the use of cards.
The innovative payment solution, which is powered by
CoralPay, allows Zenith Bank customers to use the *966# Eazy Banking (USSD) to
pay for goods and services on POS terminals in merchant locations or on
ecommerce websites through the generation of a payment code on the POS terminal
which is then confirmed by the customer using their USSD pin.
Commenting on the launch of the new payment solution, the
Group Managing Director and Chief Executive Officer of Zenith Bank Plc., Mr.
Peter Amangbo, noted that the bank has always been at the vanguard of
technological innovations geared towards creating value for its customers.
Speaking further, he observed that: “this solution is an exciting and highly
innovative initiative in promoting financial inclusion, facilitating payments
by customers either remotely in the comfort of their homes/offices or at merchant
locations without the use of a payment card. With this solution, customers in
remote locations plagued with challenges of poor Internet access can now carry
out transactions easily using their feature phones”.
Zenith Bank’s *966# Eazy Banking on POS will further drive
financial inclusion through agency banking, allowing bank customers,
irrespective of their bank, carry out withdrawals from their accounts or
wallets without cards on the POS terminals at agent locations, creating broader
coverage and penetration to areas with limited technology infrastructure.
The solution has been successfully connected to all existing
POS terminals through integration with leading Payment Terminal Service
Providers (PTSPs) and directly to e-commerce sites (Websites) of Zenith Bank
merchants/customers. It also supports wallet-to-wallet transactions across
provider banks and Mobile Money Operators (MMOs), enabling interoperability
across platforms, financial institutions and payment service providers (PSPs)
in the payment industry.
Built with convenience, accessibility and safety in mind for
all customers, USSD on POS enables users complete financial transactions
regardless of their location and type of mobile phone, as it does not require
data or internet connection to process transactions.
