By Tom Jackson
“The payments experience in Nigeria is broken, with lengthy queues for bill payments and clumsy airtime recharges taking up the customer’s time and money.”
That’s the view of Oshone Ikazoboh, co-founder and chief operations officer (COO) of mobile payments startup Zoto. Available on Android or iOS, Zoto has over one million registered users, and is licensed by the Central Bank of Nigeria (CBN).
“It has made payments simpler, cheaper and faster, and more importantly accessible to anybody with a smartphone,” Ikazoboh told Disrupt Africa. “Our strategy is to take advantage of Nigeria’s mobile revolution and play a deeper role in the digital and commercial lives of our customers through payments anytime, anywhere.”
Some of Zoto’s key services include airtime and data recharge, postpaid bills, TV subscription, broadband bills, electricity, movie tickets and betting. In the near future it also plans to disrupt merchant payments, credit, P2P transfers and other financial service categories, Ikazoboh said.
The startup began operations and now has a team of 30. Ikazoboh said it has learned a lot over the last couple of years in “understanding the power of people in making or breaking a business”.
“As a result, we have worked hard on people, culture, and Click here to read entire article