<!-- canonical: https://www.trendhunter.com/trends/online-payment-processor -->
<!-- robots: noindex -->

# Affordable Online Payment Processors
VoguePay is a User-Centric & Expanding Nigeria-Based Service

By Kalin Ned | Published 2019-03-05 | Social Good
Source: Trend Hunter, https://www.trendhunter.com/trends/online-payment-processor
References: [cryptobriefing](https://cryptobriefing.com/unicorn-making-voguepay-nigeria/) & [voguepay](https://voguepay.com/)

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](https://www.trendhunter.com/trends/databrew).

The online payment processor ventures outside of the immediate financial sphere as well, teaming up with the [International Criminal Police Organization](https://www.trendhunter.com/trends/socially-minded-companies) 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."

## Trend Insights (Trend Hunter)

- Score: 2.8/10
- Popularity: 29% | Activity: 48% | Freshness: 8%
- Audience gender: 50% men, 50% women
- Primary generations: Millennial, Gen X
- Top markets: Africa

## Categories

[Trend Hunter](https://www.trendhunter.com/trends) > [Social Good](https://www.trendhunter.com/socialgood)

## Key Themes

### Why This Trend Is Growing

- **Growing Popularity of Online Payment Processors in Africa:** The increasing adoption of online payment processors in Africa presents an opportunity for businesses to expand their customer base and streamline financial transactions.
- **Integration of Blockchain Technology in Payment Processors:** The integration of blockchain technology in payment processors opens up new possibilities for efficient and secure financial transactions, potentially disrupting traditional banking systems.
- **Expansion of Digital Banking Platforms:** The expansion of digital banking platforms allows for convenient and accessible financial services, creating opportunities for businesses to reach unbanked populations.

### Industries Being Reshaped

- **Online Payment Services:** The online payment services industry is expected to experience significant growth in Africa as more individuals and businesses adopt digital financial solutions.
- **Blockchain Technology:** The blockchain technology industry has the potential to disrupt traditional financial systems by providing secure and transparent transactions.
- **Digital Banking:** The digital banking industry is poised for growth as more consumers seek convenient and accessible financial services through online platforms.

## Related on Trend Hunter

- [Africa-Focused Digital Wallets](https://www.trendhunter.com/trends/abba-payments.md)
- [Secure Payment Partnerships](https://www.trendhunter.com/trends/verve.md)
- [Comprehensive E-Commerce Platforms](https://www.trendhunter.com/trends/comprehensive-ecommerce-platform.md)
- [Link-Enabled Payout Solutions](https://www.trendhunter.com/trends/vyne-1.md)
- [QR Code-Based Payment Systems](https://www.trendhunter.com/trends/qr-codebased-payment.md)
- [Global Billing Platforms](https://www.trendhunter.com/trends/dodo-payments1.md)
- [AI-Powered Retail Payments](https://www.trendhunter.com/trends/focalpay.md)
- [Integrated Payment Applications](https://www.trendhunter.com/trends/moneycollect.md)
- [Instant Payment Platforms](https://www.trendhunter.com/trends/paywint.md)