RedCloud Technologies has
announced a strategic partnership with Paystack, a digital payment provider in
Nigeria.
The partnership with Paystack
will ensure that all B2B transactions initiated on RedCloud’s Intelligent open
commerce platform (Red101 app) are processed in line with the Central Bank of
Nigeria’s regulatory policies and guidelines for digital payments, ensuring due
diligence and compliance with all relevant requirements, according to a statement.
“Customers on RedCloud’s
Intelligent open commerce platform, Red101, will now enjoy convenient payment
options using payment tokens from Paystack,” the statement said.
It said digital payment channels
will enable businesses to accept and make payments via instant bank transfers,
debit and credit cards, USSD, and QR codes, enhancing the payment experience
for both distributors and merchants on the platform.
“Retailers and merchants can join
the platform by downloading the Red101 app on the Google play store.”
General Manager at RedCloud
Nigeria, Ebere Ogwumoyi, said the collaboration is a significant milestone in
the company’s ongoing efforts to provide secure, transparent, and efficient
digital payment solutions to our 100,000 customers (brands, distributors and
retailers).
“It further enhances the
transaction experience on our AI-powered intelligent open commerce platform,
ensuring businesses operate in a secure and regulatory-compliant environment,”
he added.
Head of Product Africa at
RedCloud, Adeyemi Ogunyemi, said the singular partnership will grant customers
access to digital services and other Value-Added Services on their Red101
marketplace.
“The automation of the customer
journey is imperative in achieving financial inclusion, improving the user
experience, and providing secure transactions at all times on the AI-driven
RedCloud open commerce platform,” he said.
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