Zone introduces new PoS gateway offering immediate settlements

Zone, the brains behind the pioneering blockchain network for payments in Africa, has unveiled its latest innovation – the “ZonePOS” point-of-sale payment gateway solution on June 5.
Described as a groundbreaking development for the region, this new product is set to revolutionize the way payments are processed, as stated in a press release by Zone. The company’s advanced blockchain-powered payment infrastructure enables seamless transaction routing to financial institutions while adhering to regulatory standards for interbank payments. It stands out as one of the few, if not the only, decentralized gateways for currency-agnostic payments in the African market.
Zone’s CEO, Obi Emetarom, expressed his enthusiasm for the launch in a statement, highlighting the company’s dedication to financial inclusivity and the digital evolution of payment systems across Africa. The introduction of this innovative solution signifies a significant stride towards achieving Zone’s vision of a world where individuals and businesses can conduct instant cross-border transactions in any currency using any payment method.
Key features of the product include enhanced transaction speeds, with Zone’s assurance of same-day settlements through ZonePOS. Additionally, the service offers blockchain-based protection against chargebacks, ensuring a secure payment experience for users.
The press release also emphasizes that Zone’s PoS payment gateway is designed to prevent chargebacks and chargeback fraud on PoS terminals by automatically refunding customers for failed transactions and swiftly declining fraudulent chargebacks in real-time.
The launch of ZonePOS comes at a pivotal moment in Nigeria, where regulatory changes are reshaping the financial landscape. Despite the government’s recent crackdown on the cryptocurrency and blockchain sectors, younger Nigerians have expressed confusion over these restrictive measures.
During his presidential campaign, Nigerian President Tinubu had promised to embrace and support cryptocurrency technology. However, since assuming office in February 2023, the government’s anti-crypto stance has raised doubts among supporters regarding Tinubu’s commitment to the industry.