Shago Payments, a Nigerian fintech startup has launched its bill payment and e-commerce platform to serve the banked and unbanked.
The Chief Executive Officer of the startup, Sabastine Enechi, described Shago payment system as a platform built to support the underserved, unbanked, and merchants in order to create a valued hub for the exposure of their goods and services as well as allowing them to earn commission on bill payment transactions.
Presently, Shago has garnered over 3,000 clients in one year and aims to attract 10,000 clients more, and 200 e-businesses in the nearest future.
According to Enechi, “Shago in Hausa language means kiosk or shop front where people go to buy, sell, and make payments for services.
”So we are launching this easy-to-use app to create better awareness for the brand and also to educate the populace about our values and solutions.
The Fintech firm Enechi adds “Began operations on January 1, 2020. This is one year in operation, and we have had so many positive feedbacks, reviews, and updates, therefore it is time to launch it to the public.
“Today, we have been able to collaborate with some Payment Terminal Service Provider (PTSPs), banks, telcos, and digital service providers as well as super agents to provide top-notch service delivery to Nigerians.”
On plans for Shago payment in 2021, Enechi said: “We intend to work with Central Bank of Nigeria (CBN), SANEF, and EFInA to support the financial inclusion initiative being driven by CBN AND SANEF. The other plan is to increase our agency and merchant network with a key focus in the North and the eastern part of the country.”
Shago’s key services include bill payment, collections, e-commerce, on-demand, software development as well as software as a service SAAS. The payment services enable airtime and data recharge, electricity bill payment, cable TV subscription, and so much more.