A Nigerian online payment processor is steadily growing in popularity in Africa as it offers a secure, efficient and cost-effective way to transfer money between individuals and across businesses. In its first year, the start-up secured 17,000 users and that has quickly grown to a portfolio with 100,000 small and medium-sized enterprises. Aside from its easy-to-use interface and its affordability, a major selling point of VoguePay is that it offers free integration for merchants.
The online payment processor ventures outside of the immediate financial sphere as well, teaming up with the International Criminal Police Organization to "developed a blockchain-based action and information portal for crime control." Other projects for VoguePay include the initiation of a digital banking platform and "a blockchain-based financial history and credit rating system."