By the editorial team
A fintech eldorado, Nigeria is home to new technological solutions that promote financial inclusion every day. Nearpays is one of them. A full-service financial payments platform that acts as an end-to-end financial service for all our customers, » explains Victor Daniyan, its founder.
We have developed a number of features to make online payments as easy as possible, based on the principle that payments should be seamless. We have also developed a way to put point-of-sale transactions back into the hands of our users. The experience is simple, on the move and without bank fees, » he says.
Nearpays has over 220 million subscribers. By making card transactions more accessible and convenient through the use of NFC technology and the digitization of payments, Nearpays is contributing to financial inclusion. According to a World Bank report ( The Global Findex Database 2021 : Financial inclusion, digital Payments, and resilience in the age of COVID-19), Nigeria is one of only 7 countries in the world where more than half of adults are unbanked.
Exporting expertise
The startup, which won the fintech and blockchain technology award at GITEX Africa 2023, is now targeting the international market as well as the regional one. « We’re looking at countries like Ghana and Morocco, as well as the UK and the US. Our solutions respond to African problems, but also to global challenges. So we have experience to share with the rest of the world, » he adds.
Victor Daniyan has worked in the telecoms sector for five years, starting his career at Huawei before joining Nokia, where he was involved in the roll-out of 5G in Nigeria. He then moved into technology entrepreneurship with Yourrider Limited, a logistics company that uses technology to improve its services. He is now at the helm of Nearpays.
I’m very happy that this is creating opportunities for startups in Nigeria, and we all have access to a better future. It shows that with the right platform, we can reach the top
Daniyan, founder of Nearpays
Speaking to TechCabal after the win, Nearpays founder Victor Daniyan put into perspective what winning the competition means for his company and its future. « I’m very happy that this provides opportunities for startups in Nigeria, and we all have access to a better future. It shows that we can reach the top with the right platform, » Daniyan, the founder of Nearpays, said at the end of the GITEX Africa Supernova Challenge, for which he was awarded first prize in the Fintech and Blockchain Technology category.
Nearpays simplifies online payments based on the principle that payments should be transparent. The company has developed a way of putting point-of-sale transactions in the hands of users.
The entrepreneur has solid experience in the field. Having worked in telecommunications for five years, he began his career at Huawei, before moving on to Nokia and embarking on a career in technology entrepreneurship. His first venture was with Yourrider Limited, a logistics company that uses technology to improve its services. Then he founded Nearpays, a cutting-edge fintech system.
Daniyan said the prize would go a long way to helping Nearpays obtain its payment card system license, which costs around 15,000 dollars.
