Devos provides a compact terminal that enables low-income micro-merchants to manage inventory, process instant NFC and QR code payments, and access financial services like micro-loans. This technology addresses the challenges of financial inclusion and transaction efficiency in informal economies, allowing merchants to operate seamlessly and stay connected.
Funding
Funding not disclosed
Founders
Product
Problem
Micro-merchants in informal economies often lack access to affordable, integrated tools for managing inventory, processing payments, and accessing financial services. This limits their ability to efficiently manage their businesses and participate fully in the digital economy.
Solution
Devos provides a compact, all-in-one terminal designed to empower micro-merchants with essential business management capabilities. The device enables merchants to manage inventory, process instant NFC and QR code payments, and access financial services such as micro-loans. It supports various payment types, including USSD, bank-to-bank transfers, and e-Naira payments, with same-day settlements. The terminal also simplifies Know-Your-Customer (KYC) processes, allowing merchants to easily complete Tier 1, 2, and 3 verification, and provides access to sales and payment reports.
Target Audience
The primary target audience is low-income micro-merchants operating in informal economies who need an affordable and integrated solution for managing their businesses and accessing financial services.
Features
- Compact terminal for managing inventory and processing payments
- Instant NFC payment processing with same-day settlements
- QR code transaction support for supplier, bill, and donation payments
- Support for USSD, bank-to-bank transfers, and e-Naira payments
- Simplified Tier 1, 2, and 3 KYC process for merchant account access
- Access to sales and payment reports
- Remote device management capabilities, including push notifications and remote locking/unlocking