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Top Nigerian banks join Zone's decentralized payment network

Zone, one of Africa's fastest-growing payment infrastructure company today, announced that three of Africa's largest banks has joined its network

Some of Nigeria's top banks have officially become part of Zone's decentralized payment network, solidifying their commitment to advancing digital finance in Nigeria.   First Bank, United Bank For Africa (UBA), and Zenith Bank Plc are the banks.

Zone is a regulated blockchain network that enables payments and acceptance of digital currencies, and the latest development comes after Zone recently secured $8.5 million in seed funding led by Flourish Ventures and TLcom Capital LLP, as announced by the Fintech's Vice President of Marketing and Corporate Communications Olayiwola Osoba.

He also highlighted that Zone's new decentralized Point-of-Sale Payment gateway, ZonePOS, enhances its position as Africa's leading payment infrastructure provider.

Osoba stated that integrating these banking giants into Zone's network signifies a step towards realizing a cashless society in Nigeria, ensuring fraud prevention and same-day settlements through automated reconciliation.

The CEO and co-founder of Zone, Obi Emetarom, expressed enthusiasm about the collaboration, emphasizing that the participation of First Bank, UBA, and Zenith Bank reflects growing confidence in Zone's technology.