The African business ecosystem is witnessing a surge in fintech innovations. These innovations are making business processes easier and expanding the ecosystem’s global reach. One of these innovative fintech products is RexPay, a payment gateway from leading fintech player, Accelerex. RexPay offers seamless and secure payment processing capabilities to businesses across Africa to receive online payments from their customers.
This cutting-edge payment solution can be seamlessly integrated into any web or mobile application to support a wide range of payment channels including accounts, transfers, USSD, QR codes, and cards for major card schemes and brands, such as Verve, Mastercard, VISA, and Amex. RexPay can be easily integrated with various platforms, from e-commerce platforms to accounting software, and inventory management systems. The platform also allows merchants without websites or apps to create and share payment links with customers via email, SMS, social media, and more. With a lot of vendors setting up shops on Instagram and Facebook and receiving orders via DMs, these vendors can now also DM secure payment links to customers to facilitate easier and faster sales. With RexPay, merchants have no payment worries and can focus on serving their customers thereby building brand trust and increasing profit.
The process of signing up on RexPay is easy and seamless. The platform offers a user-friendly self-onboarding feature, allowing merchants to sign up and begin accepting payments within minutes. Merchants with websites can also have RexPay integrated into their systems as RexPay offers seamless integration with APIs and WooCommerce—a popular e-commerce platform. RexPay also offers a White Labelling feature that enables businesses to customise the payment experience with their branding and logo and make payment acceptance their own. All these come on an intuitive portal that enable merchants to monitor and manage transactions, refunds, settlements, disputes, and more in real time. Additionally, the platform provides rich and detailed data and analytics on customer behaviour, preferences and trends, and with this data, businesses can optimise their marketing and sales strategies effectively.
On security, RexPay has a robust security system that incorporates a Two-Factor Authentication (3-D secure) feature which elevates transaction security and minimises the risk of fraud. The platform combines this with advanced technologies and algorithms to detect and prevent fraud and ensure compliance with regulatory standards. These attributes help businesses that use RexPay build consistency, customer trust, and enhance the overall payment experience for their customers.
Accelerex, the parent company behind RexPay, embarked on this journey to support businesses and help them to succeed in the digital era. Over the years, Accelerex has grown to be one of the leading providers of electronic payment and business management solutions in Africa. The fintech company services all the merchant acquiring banks in Nigeria with over 120,000 connected payment channels across the 36 states in the country. Since 2018, it has been consistently ranked as one of the top three providers of payment channel services (by value of transactions processed) by the Nigeria Inter-Bank Settlement System (NIBSS).
Certified by the Central Bank of Nigeria (CBN) and the Bank of Ghana (BoG) as a Payment Service Provider, Accelerex has consistently leveraged its bespoke application development capability to provide fintech solutions that simplify the payment experiences of businesses through innovative technology. The company is committed to providing businesses with the support and payment tools they need to succeed in the modern world and RexPay is a continuation of the company’s dedication to this goal.
Speaking on the uniqueness of RexPay, the Managing Director of Accelerex Nigeria, Chuks Anakudo, emphasised Accelerex’s vision of making significant impact on the payment industry in Nigeria and beyond. According to him, “RexPay’s simplicity, convenience, and security feature addresses the online payment requirements of merchants and empowers them to grow. It also equips them with valuable tools and insights to enhance their payment operations and performance. This aligns with Accelerex’s ambition to support business owners with easy and affordable payment options.” He said.With the addition of RexPay to its suite of groundbreaking solutions, Accelerex continues to push the envelope for fintech in Africa. for more information or to sign up and begin accepting online payments from customers, visit www.myrexpay.ng.
