Zainpay offers a digital banking platform for Nigerian SMEs and startups, enabling instant virtual account creation with selectable settlement cycles and an automated bulk‑payment engine for salaries, loans, and grants. It also provides a POS solution with QR code payments, multi‑payment options, and remote device monitoring to streamline checkout and improve cash flow management.
Funding
Funding not disclosed
Founders
Product
Problem
SMEs, startups, and innovators in Nigeria often lack access to integrated digital banking tools that can quickly create virtual accounts, automate settlement cycles, and handle bulk disbursements, leading to slow payment processing and inefficient payroll or grant distribution.
Solution
Zainpay provides a digital banking platform that enables businesses to create virtual accounts and choose automated settlement timelines (T1, T7, T30) for rapid payment processing. The ZainBatch disbursement module automates single and bulk payments such as salaries, loans, and grants, incorporating approval workflows, schedule uploads, and detailed reporting. Zainpay’s POS integration (ZainPOS) offers offline and online transaction capabilities, including QR code payments, multi‑payment options, and device monitoring, helping businesses streamline point‑of‑sale operations and improve customer experience.
Target Audience
Primary customers are Nigerian SMEs, startups, and innovative enterprises that require fast, automated payment processing, payroll disbursement, and point‑of‑sale solutions.
Features
- Virtual account creation with selectable auto‑settlement periods (T1, T7, T30)
- ZainBatch disbursement engine supporting bulk and single payments, salary schedule uploads, and approval modules
- Comprehensive reporting and financial management tools for auditability
- ZainPOS service with QR code payments, transaction verification, and automated dispute resolution
- Terminal management features including GPS‑based device monitoring and remote administration
- Integrated security and user‑management controls across all modules