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.
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
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 bene0t 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, o3ine 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 0nances.