Cash-Back Revolution: How Ribater is Changing Payment Landscape

Fadekemi Ajakaiye 

Today marks a significant milestone in the world of consumer finance as Ribater, a groundbreaking Platform As A Service (PAAS) mobile application, is introduced to the Nigerian market. Ribater is set to revolutionize the way consumers shop, offering fair negotiation opportunities and generous cash-back rewards for every purchase made with the app.

Ribater transforms the way consumers shop in Nigeria. With Ribater, shoppers can negotiate for discounts on their purchases, convert those discounts into cash-back rewards, and even buy on credit with no interest. Ribater is committed to empowering consumers and helping them save money on their everyday purchases.

Ismail Fatai, CEO of Ribater, expressed his motivation for creating this innovative solution: “Nigeria’s informal market often imposes exorbitant prices on consumers, driven by factors such as exchange rates and logistic costs. This leaves the average consumer struggling to make ends meet. Ribater aims to put the power back in the hands of consumers, ensuring they receive the best possible deals.”

“Ribater’s mission is simple: to empower consumers by helping them secure discounts on all their purchases and converting those discounts into withdrawable cash-back rewards. For instance, when Mr. A buys goods worth 300,000 Naira from Mr. B and pays with the Ribater app, Mr. A will receive a minimum cash-back reward of 30,000 Naira. But the perks of Ribater don’t end there, upon downloading the mobile app or using the web interface, every user is gifted 250,000 Naira, which becomes spendable after establishing a spending track record. Moreover, Ribater enables users to make purchases on credit, allowing them to pay at their convenience without incurring any interest,” Ismail explained

Ribater’s Chief Operating Officer (COO),Owolabi Qasim, highlighted the company’s commitment to its mission: “We are dedicated to solving consumer-related problems with sincerity and transparency. We turned down a pre-launch buyout offer of 1.5 million dollars from a venture capital firm that we believed might compromise our core mission. Instead, we welcome investors who share our vision for this incredible app.”

“Ribater promises to bring a positive change to the way Nigerians shop, empowering consumers, and providing them with the tools to secure discounts, earn cash-back rewards, and shop with confidence,” he stated.

Ribater is a software product of United Works Global Procurement Solutions Ltd, a Nigerian company founded in 2005 and formally incorporated with the Corporate Affairs Commission (CAC) in 2017. The company offers a wide range of services, including B2B and B2C solutions, and is the driving force behind the innovative Ribater mobile application. United Works Global Procurement Solutions is dedicated to enhancing the consumer experience and making shopping more accessible and affordable for all Nigerians.