Wednesday, September 27, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Torche move to deepen biometric payment in Africa

by e-Naira Online News
June 16, 2022
in Companies
Reading Time: 2 mins read
A A
0
Home Companies
Share on FacebookShare on Twitter


Torche, a Nigerian-based startup has taken a market-led initiative seen at deepening payment solutions in Africa’s largest economy leveraging its biometric payment offerings where customers can process payments with their face or fingerprint.

This will enable merchants to benefit from improved customer experience and capitalize on operational efficiencies while customers can transact with ease and convenience, edging the present POS technology the company says.

“We’re building Torche to give people the opportunity to evolve and achieve their full potential by making financial services accessible by simply being identified through their biometrics,” Sisan Dorsu, Chief Executive Officer, Torche stated.

According to her, payment solution providers across Africa can no longer ignore the current market realities based on demand and supply.

“I think when you overlook a massive population, instead of digging deeper into building solutions for their problems, we won’t be able to uncover many situations that will also apply to the rest of the world,” Dorsu stated.

Read also: LADOL boss seeks implementation of SDGs by private firms in Africa

Dorsu joins a growing number of female founders taking the reins in Nigeria’s burgeoning tech scene. Before building Torche, she spent over 2 years at Accenture building innovation strategies for fortune 500 financial services companies.

She returned to Nigeria and teamed with co-founders Gbenga Oni as Chief Technology Officer, and Fawaz Abaniwonder as Chief Operating Officer to build Torche.

The biometric-enabled solution is currently available at stores in Lagos, Nigeria, and will extend to more supermarkets, cafes, gas stations, and others in the coming months.

According to her, Torche is partnering with several banks in Nigeria to bring their solutions to merchants and customers. “Torche’s number one priority is to ensure the security and privacy of each user’s data,” Dorsu disclosed.

In April, Torche was enlisted as part of the Techstars NYC Spring 2022 cohort, where the founding team spends the intensive 12-week program working alongside other entrepreneurs, mentors, and coaches to strengthen their business. They’ll also join an ever-growing Techstars network of global founders, leaders, and investors.

Torche doubles down on seeing that the way Africans make payments keeps pace with the way that they live, work, and transact. “No more hunting for your card or wallet, worrying about forgotten PINs or passwords as much as you can. Pay everywhere and anywhere as yourself with Torche,” Dorsu concludes.

Unrep desktop



Source link

Tags: AfricaBiometricDeepenmovepaymentTorche
Previous Post

Inflation surges again, hits 17.71% amid rising prices

Next Post

Banks’ domestic credit jumps 169% in seven years

Related Posts

How rate hikes, weaker naira hurt FMCG firms
Companies

How rate hikes, weaker naira hurt FMCG firms

by e-Naira Online News
September 27, 2023
FG to prioritise local processing of raw materials for job creation
Companies

FG to prioritise local processing of raw materials for job creation

by e-Naira Online News
September 26, 2023
Fitch says Nigeria’s path to fiscal consolidation hinges on higher tax base
Companies

Fitch says Nigeria’s path to fiscal consolidation hinges on higher tax base

by e-Naira Online News
September 25, 2023
Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers
Companies

Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers

by e-Naira Online News
September 25, 2023
UBA-AfCFTA $6bn loan partnership unfolds in boon for Africa’s SMEs
Companies

UBA-AfCFTA $6bn loan partnership unfolds in boon for Africa’s SMEs

by e-Naira Online News
September 24, 2023
Next Post
Banks’ domestic credit jumps 169% in seven years

Banks’ domestic credit jumps 169% in seven years

Democracy Day, e-governance and better Nigeria?

Democracy Day, e-governance and better Nigeria?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Presidential adviser urges Central Bank to reduce BDCs by 95%

Presidential adviser urges Central Bank to reduce BDCs by 95%

September 27, 2023
Manufacturing performance indicators contracted by 1.4% in H1 — Business — The Guardian Nigeria News – Nigeria and World News

Manufacturing performance indicators contracted by 1.4% in H1 — Business — The Guardian Nigeria News – Nigeria and World News

September 27, 2023
How rate hikes, weaker naira hurt FMCG firms

How rate hikes, weaker naira hurt FMCG firms

September 27, 2023
NAFDAC, SON must sit up

NAFDAC, SON must sit up

September 27, 2023
When protocol clashes with tradition

When protocol clashes with tradition

September 26, 2023
We’ll provide enabling environment for business to thrive

We’ll provide enabling environment for business to thrive

September 26, 2023
Conoil, Oando, others drag down Nigeria’s capital market by N126bn

Conoil, Oando, others drag down Nigeria’s capital market by N126bn

September 26, 2023
Senate confirms Dr. Cardoso as CBN Governor 

Senate confirms Dr. Cardoso as CBN Governor 

September 26, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.