Since 2023, BankBox has been steadfast in its mission to provide seamless offline payment collection solutions to Small and Medium-Scale Enterprises (SMEs) and Other Financial Institutions (OFIs). Developed with licensed CBN Payment Terminal Service Providers (PTSPs), this comprehensive ecosystem is equipped with innovative features designed to streamline card payment processes at a fraction of the cost of conventional POS terminals while offering advanced capabilities such as contactless payment options.
This year, BankBox, has achieved remarkable growth, recording an extraordinary 1,734% increase in usage. The portable payment device supports contactless transactions and is compatible with a wide range of cards issued by leading commercial banks and fintechs including:
- Access Bank
- Guaranty Trust Bank
- UBA
- Zenith
- First Bank
- Wema
- Providus
- Stanbic IBTC
- KUDA
- PalmPay
- Opay
- Raven
This extensive compatibility has reinforced BankBox’s status as the preferred solution for contemporary payment requirements.
The portability of BankBox has further revolutionised payment solutions for various sectors, proving invaluable to mobile business operators, including petty traders and service providers such as logistics and ride-hailing services, as well as brick-and-mortar establishments such as supermarket chains.
Explore Contactless Payments with BankBox
How Contactless Payments Work with BankBox
Businesses can effortlessly process contactless transactions with a simple tap of a card on any BankBox device. In compliance with directives from the Central Bank of Nigeria, these transactions are supported for amounts below NGN15,000, which encompasses a significant portion of everyday expenses for millions of Nigerians.
Customers now have the convenience of making purchases at local markets, dining at their favourite restaurants, or paying service providers with a single tap: no PINs, no delays, and no hassle! BankBox empowers merchants to offer a seamless payment experience that aligns with modern consumer expectations.
Contactless Payments Are the Future
As the world rapidly shifts towards cashless economies, contactless payments are the pinnacle of innovation in financial technology, representing the future of transactional efficiency. Transactions are completed faster than traditional POS methods, saving customers and merchants time.
BankBox is not just keeping pace with this trend—it is leading the charge in Nigeria. By enabling businesses of all sizes to embrace contactless transactions—with only a single tap—while featuring advanced security to prevent fraud, BankBox is shaping a future where payments are faster, safer, and more convenient than ever before.
With BankBox, the future of payments is already here—streamlined, secure, and designed for everyone.
What BankBox users have to say!
A Seamless Payment Experience for All
Raven stands at the forefront of financial innovation, and BankBox is a testament to its unwavering commitment to enhancing financial accessibility and inclusion for all Nigerians.
More than just a product, BankBox embodies Raven’s vision of creating intuitive, dependable, and forward-thinking solutions.
With BankBox, millions of Nigerians access the fastest and most reliable payment methods available. This innovation goes beyond mere convenience; it transforms how we interact with money and redefines everyday transactions.
What’s Next for BankBox?
Raven is continually evolving BankBox’s capabilities, actively forging new partnerships and introducing enhanced features. Its mission is to make contactless payments the standard across Nigeria, empowering individuals and businesses with unprecedented financial ease and freedom.
Experience the future of banking in Nigeria with BankBox—effortless, contactless, and built for you.
