New Continent: tapXphone First Launched in Africa

TapXphone is entering the African market. Our application turns a regular smartphone into a payment terminal, with our first launch in Nigeria.

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We are working with GigaNet in the African region, a company that provides financial consulting, analytics and IT services. Our partnership aims to introduce tapXphone to benefit the developing digital payments ecosystem in the country and expanding Nigerians’ access to financial services.

Nigeria, the most densely populated country in the African region, ranks 6th in the world by population, with 206 million inhabitants. SoftPos solutions will allow local companies to use mobile phones to accept contactless payments from customers without additional equipment. tapXphone is the perfect choice for mobile sales, since it is highly scalable, easy to use, and reliable. At the same time, payments are just as safe as a traditional bank terminal.

The certification of the tapXphone platform by the Nigerian Inter-Bank Settlement System (NIBSS) for use in Nigeria serves as a confirmation commitment to accessibility and security, ensuring that payments made through the platform are as secure as those made through traditional banking terminals.

Vadzim Smatrayeu
Head of tapXphone

We are happy to contribute to the development of cashless payments in Africa. Simple, convenient, effective services bolster economic growth and we are glad to participate in this process. For us, this is a landmark launch that opens the way for tapXphone to other African countries. We really appreciate GigaNet for the implementation of this project.

The launch of tapXphone will especially help small and medium-sized businesses in Nigeria with fewer transactions. Conventional acquiring with a traditional POS terminal makes no economic sense for these types of businesses.

Val Nwabueze
CEO of GigaNet

The strategic partnership between GigaNet and IBA Group provides merchants, banks, and service providers with a convenient and affordable means of receiving contactless payments using various payment methods directly from mobile phones and devices, while also providing enhanced visuals and information necessary for making informed business decisions.

We will continue to build on our GigaNet collaboration to bring smartphone payments to other African countries.


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