Sterling Bank Plc has introduced SocialPay, a secure and convenient solution that allows buyers and sellers to make and receive payment on social media with just a link.
The newly introduced solution provides secure online payment solutions to physical store owners and retailers selling on Facebook, Instagram, WhatsApp, and Twitter. Once subscribed to the solution, they can create and share payment link to get paid instantly for their products and services.
Divisional, Head Retail and Consumer Banking, Sterling Bank Plc, Shina Atilola, said SocialPay was introduced to make payment easy for Nigerians engaging in digital commerce.
“Our customers, both retailers and buyers, are now selling and making purchases through social networks. Following this cue, we introduced SocialPay to make it convenient to make and receive a payment within that same ecosystem,” Atilola disclosed.
According to Atilola, SocialPay is a secure payment solution for businesses selling online through websites, social media pages/ handles, or WhatsApp for Business. “With social media networks becoming the centre of everyday life for almost 25 million Nigerians, SocialPay will ensure that these digital natives can make quick purchases and receive payments from social stores. SocialPay makes payment as simple as clicking a button, and the money is immediately transferred. The biggest benefit of the payment solution is that the transacting parties (sellers and buyers) are protected.”
Beyond its quick payment and funds receipt capability, SocialPay also eliminates the invoicing challenge facing thousands of micro retailers on social media. Within the application, business owners, offline and online, can send and manage their invoices on the go at any time. This ensures they get paid by their customers, who perceive them as credible because they provide documentation of services rendered and payment owed.
The SocialPay invoicing system will also help micro and small retailers track their sales and manage their finances.
news3 years ago
Osun Government presents 2015, 2016 audited accounts…sets record as the first state in Nigeria to publicly declare accounts
news1 month ago
2023: Kola Abiola Set To Declare For Presidency
business7 months ago
#EndSARS: Access Bank announces N50 billion interest-free facility for businesses
entertainment1 year ago
sanwo-Olu honours sacked chaplain after Ambode’s wife saga
lifestyle1 year ago
US Church ‘refunds members three years tithes’ as help during COVID-19
entertainment2 years ago
See how Women now use toothpaste to tighten vagina
crime10 months ago
Arotile’s ex-classmate had no driver’s licence, report reveals
entertainment2 years ago
BBNaija: Gedoni and Khafi caught having passionate sex again last night