AppZone Group

AppZone Group builds payment processing products for financial institutions, with its head office in Lagos. Its range covers the plumbing behind card, agent and cross-border transactions, and it sells to banks, payment companies and money transfer operators rather than to consumers.

What AppZone Group offers

• Cross-border settlement — lets international payments be settled in local currencies.
• ATM switching — routes ATM transactions directly between participating institutions.
• Instant funds transfer — a set of APIs that clients can use to build their own payment gateway.
• Merchant payments processing — handles local transfers made to merchants.
• Agent cash in and cash out — processes deposits and withdrawals carried out through agent networks.
• Automated disputes resolution — reverses disputed transactions without manual handling.

Who it works with

• Commercial banks and digital banks
• Payment service providers and payment service banks
• International money transfer operators
• Super agents and other financial institutions

Key facts

• Based in: Lagos, Nigeria
• Focus: payment switching, settlement and agent banking software