Payments startup, Amplify removes all transaction charges for Nigerian businesses

Kelechi Udoagwu | Thursday, October 13th, 2016

As part of its mission to support Nigerian businesses, Nigerian payments company Amplify (MEST incubatee) has launched a Zero Transaction Charge campaign, where no transaction charges will be applied on businesses that sign up on Amplify and go live between October 12th and November 30th, 2016.

For these businesses, Amplify will process their first One Million Naira (N1,000,000.00) in transactions free of charge.

According to Segun Adeyemi, CEO of Amplify, “Considering the current economic situation, this is Amplify’s way of helping to support new and growing Nigerian business. We hope this promotion will encourage more businesses to finally automate their collections and leverage electronic payment channels.”

How new Amplify users can take advantage of the Zero Charge Promo

  1. Businesses who are new to Amplify should sign up on Amplify ( www.amplifypay.com/promo).
  2. While registering, enter any of the promo unique codes: 23XSD34, 23XSD34, 23XSD35, 13X0D35, C310P3X.
  3. Non-developers can start accepting payments by setting up a simple payment collection form, and more technically savvy businesses can integrate with Amplify APIs
  4. Update KYC information and account details and request to go live
  5. All these process must be completed between October 12th and November 30th, 2016

How existing Amplify users in Demo mode can take advantage of the Zero Charge Promo

  1. Businesses who are already signed up on Amplify but are yet to go live should set up a simple payment collection form or integrate with the Amplify API
  2. Update KYC information and account details and request to go live
  3. All these process must be completed between October 12th and November 30th, 2016

As a reminder, no transaction charges will be applied against the first N1,000,000.00 processed.

Additionally, Amplify has also launched a new feature – PASS (Payouts and Automated Settlements System) – that allows businesses to make bulk payments to partners and customers, and also split their settlements into different accounts.

This feature was created as a result of numerous requests from businesses who have a need to make regular payments to their customers and/or vendors. Similarly, companies with a marketplace model can now share commissions with their partners using Amplify’s payment solution.

According to Maxwell Obi, the Co-founder and CTO of Amplify, “The launch of Amplify PASS is in line with our mission to help Nigerian businesses grow and build long lasting relationship with their customers. We’re excited to empower Nigeria’s businesses to not just accept payments but also make payments and split settlements between them and partners.”

About Amplify
Amplify is a payments company that helps Nigerian businesses accept and manage recurring payments online. Amplify also provides value added services that help businesses deepen their relationship with their customers, and grow revenue.

For more information on the promo, contact Amplify on 0708416306 or send an email to info@amplifypay.com

Website: amplifypay.com | Twitter: @amplifypay | Facebook: facebook.com/amplifypay