OLX, Interswitch Union to Boost Safety on Platform
Online classifieds site, OLX, has struck a deal with a payment processing company, Interswitch to make activities less cumbersome and enhance security on its platform.
According to the company, the latest development would enable its customers to settle up with all kinds of offerings including premium services, Do-It-For-Me and Top ads on its site using the Interswitch platform.
Speaking at an event that sealed the partnership, Senior Manager, Business Development OLX, Mayokun Fadeyibi, stated that the initiative would also enhance the firm’s position as a market leader which was focused on facilitating safe trade.
“Trust and safety which are both priorities for OLX and Interswitch ensures that users can continue to trade safely on the site whilst making payments using the Interswitch secure platform. We are constantly re-inventing the wheel to ensure that our customers are able to use our services with minimal stress,” Fadeyibi said.
She added that escrow service recently introduced to the platform would also ensure safe deals where customers could pay money into the company’s bank account while undergoing inspection and validity of items before the company transfered funds to the seller once chosen item were approved by the buyer.
Group Head, Retail and Sales Interswitch, Paul Ohakim, stated that the partnership would deepen e- commerce in the country.
“Through Interswitch’s re-engineered payment gateway, which has seen successful webpay solution further streamlined and enhanced to improve users experience, we will continue to champion the growth and development of the e-commerce industry in Nigeria, particularly with partnerships such as this,” he said.
Sage One, a technology company that deals in integrated accounting, payroll and human resources and payment systems has announced the presence of its payroll and invoicing solutions in Nigeria.
According to the company, its new offerings, targeted at budding businesses would support the small and medium enterprises to run their businesses conveniently without any barriers.
Explaining the initiative, Regional Director for Sage in West Africa, Magnus Nmonwu, said Sage One payroll seamlessly integrated with Sage One Accounting, offered a complete business solution for startup and small businesses while the invoicing was an entry-level version of Sage One Accounting that made it easy for sole traders, self-employed consultants and other micro-business owners to produce professional quotes and invoices.
Nmonwu added, “We aim to make tasks such as administration and red tape invisible by 2020 so that businesses of all sizes can focus on their business strategy, their customers and following their dreams. This is why we place a huge emphasis on automating those tasks that business builders enjoy the least.”
Explaining the technology further, he said, “Sage One Payroll is a smart online payroll solution that can be accessed 24/7 and caters for local tax and legal requirements. It allows unlimited earnings (owed to employees) and deductions (what the employee owes). The software makes it easy to calculate employees’ net salaries or wages, as well as deductions such as Pay-as-You-Earn (PAYE) and contributions to National Housing Fund (NHF), National Health Insurance Scheme (NHIS), pension and life insurance.
“For as little as NGN 600 for two employees per month, it streamlines the capturing of transactions, automates payroll calculations and brings visibility to the business. It also makes its simpler to keep track of annual changes to tax regulations that impact on payroll tax calculations.
“Sage One Invoicing enables sole traders and micro-business owners to quote and invoice on-the-go from their PC or mobile device, as long as they have access to an Internet connection, from only NGN 27,840 a year and NGN 2,900 a month. Customers don’t need accounting software training or financial experience to use the software.
“Business builders can save hours of paperwork each month, so they don’t spend their weekends compiling invoices, issuing quotes or doing reconciliation. When a business outgrows Sage One Invoicing, it can easily upgrade to Sage One Accounting — the complete Sage solution for small businesses that require more accounting, cash flow management and business insights.”