Zone’s Decentralized Payment Network Welcomes Africa’s Financial Giants

Zone, Africa’s leading payment infrastructure company, has announced a significant milestone in its mission to revolutionize the payment landscape. Three of Africa’s largest banks – First Bank, UBA, and Zenith Bank – have joined its decentralized payment network, alongside other prominent financial institutions and fintechs.

This development follows Zone’s recent $8.5 million seed funding round and the launch of its decentralized PoS Payment Gateway, ZonePOS. With a switching and processing license from the Central Bank of Nigeria, Zone’s regulated blockchain network is poised to transform Nigeria’s payment industry and drive the adoption of cashless transactions.

By integrating with Zone’s network, these banks will benefit from faster, more reliable, and cost-effective transaction processing, with reduced intermediaries and failure points. The network’s unique architecture and technology enable end-to-end transparency, automatic reconciliation, and same-day settlement, eliminating chargebacks and operational risks.

Obi Emetarom, CEO and co-founder of Zone, expressed his excitement about the development, stating that the integration of these reputable financial institutions validates the trust in Zone’s technology and its promise of frictionless and universally interoperable payment experiences. As Zone continues to expand its network, it remains committed to connecting every monetary store of value and enabling a truly inclusive financial ecosystem without cash.