A mobile wallet has been launched by Nigerian fintech startup SeamPay which provides users with a fast, safe, easy and contact-free way to send and receive cash and pay for products and services.
Launched at the beginning of October, SeamPay aims to provide consumers with seamless, inclusive, easy and delightful payment experiences.
“As customers ourselves, we have frequently experienced the failures of the current payment system in Africa which brought about the inception of SeamPay,” said Abubakar Mohammed, the startup’s co-founder and chief technology officer (CTO).
The startup is currently working on its MVP and finding fit for the product market, and is doing so in a busy local market.
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“The Nigerian market had quite a number of successful launches in the area of fintechs rising up to create a product or provide an alternative solution, ranging from digital banks to mobile payments solutions and so much more,” Mohammed said.
“However, the major gap in the market is that most of the fintechs were actually replicating already existing systems and trying to package it differently, and this allowed us to actually understand that payment systems are still unreliable, unsecured and often-times complicated. The market still needs a reliable, secure, fast and instant payment system without all the drawbacks current systems are known for.”
SeamPay is confident that it is that that system. Mohammed went on to say that its mobile wallet platform aims to disrupt the payment space. The bootstrapped startup has begun to pursue funding, and a waitlist of more than 4,000 users has already been established ahead of its official launch in December.
