9PSB launches digital collections platform to boost businesses

9 Payment Service Bank (9PSB), one of Nigeria’s first payment service banks, has launched its Bank9ja Merchant Collect product, designed to transform the financial ecosystem, drive financial inclusion, and redefine the digital payment experience for merchants, fintech, and customers across the country.

The Bank9ja Merchant Collect is a cardless payment gateway that provides seamless, secure, and cost-effective instant payment collection for businesses and individuals seeking to scale efficiently and grow their businesses.

Businesses often face prevailing issues, including high transaction charges, delayed settlements, failed transactions, and frequent chargeback disputes, which hinder smooth business operations, customer satisfaction, and successful payment tracking.

The Bank9ja Merchant Collect directly addresses these pain points by offering low transaction charges, instant fund settlement, and a zero-chargeback guarantee. This ensures merchants can focus on growing their businesses without worrying about payment delays or reversals.

The product offers instant settlement for those with 9PSB accounts, self-onboarding, bank-agnostic settlement, which enables merchants to add any bank account for settlement, and lower transaction fees, providing merchants with a seamless and cost-effective payment solution.

Integrating Bank9ja Merchant Collect on merchants and fintech platforms enables users to make direct payments for goods and services seamlessly.

Speaking on the launch of the product, Osa Odiase, Ag. Chief Executive Officer, 9PSB said: “We are excited to launch the Bank9ja Merchant Collect product, designed to meet the unique needs of merchants, fintechs, and customers. 9PSB continues to develop seamless world-class products that facilitate and accelerate the growth of businesses”

He further said that the product is a testament to 9PSB’s commitment to empowering businesses with advanced solutions to drive growth, streamline payments, and drive financial inclusion across Nigeria.

Odiase urged fintech, merchants, and customers to embrace this innovative product and take advantage of its convenience, security, and flexibility.

9 Payment Service Bank (9PSB) was founded in 2020, becoming Nigeria’s first payment service bank licensed by the Central Bank of Nigeria (CBN) to provide unique banking services to the unbanked and underbanked.

Operating as a fully digital bank, 9PSB provides innovative financial solutions to individuals and businesses and a broad range of digital payment solutions for fintech and other financial institutions.

“At 9PSB, we firmly believe in making our services accessible to all by leveraging digital financial technology and innovation to provide simple, secure, accessible and inclusive digital payment solutions that are in Nigeria,” the company said.