RedCloud Technologies, a global technology firm, has recently announced a strategic partnership with Paystack, a prominent digital payment provider in Nigeria. This collaboration aims to broaden the scope of digital payment options available to users.
According to an official statement, the partnership ensures that all business-to-business (B2B) transactions initiated on RedCloud’s Intelligent open commerce platform, specifically through the Red101 app, will adhere to the regulatory policies and guidelines set by the Central Bank of Nigeria for digital payments. The emphasis is on due diligence and compliance with relevant requirements.
Customers utilizing RedCloud’s Intelligent open commerce platform, Red101, can now benefit from enhanced payment convenience through the integration of payment tokens from Paystack, as highlighted in the statement.
Digital payment channels introduced through this collaboration will empower businesses to facilitate transactions using various methods, including instant bank transfers, debit and credit cards, USSD, and QR codes. This advancement is expected to elevate the overall payment experience for both distributors and merchants using the platform.
To join the platform, retailers and merchants are encouraged to download the Red101 app, available on the Google Play Store.
Ebere Ogwumoyi, General Manager at RedCloud Nigeria, emphasized that this collaboration signifies a significant milestone in the company’s ongoing commitment to providing secure, transparent, and efficient digital payment solutions for its extensive customer base, which includes brands, distributors, and retailers.
Adeyemi Ogunyemi, Head of Product Africa at RedCloud, highlighted that this partnership will grant customers access to digital services and other Value-Added Services on their Red101 marketplace. He emphasized the importance of automating the customer journey to achieve financial inclusion, improve user experiences, and ensure secure transactions on the AI-driven RedCloud open commerce platform.
