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August 31.2025
2 Minutes Read

Unified Payments: Celebrating 28 Years of Fintech Innovation in Africa

Fintech Africa company logo with vibrant design.

Celebrating 28 Years of Innovation in Fintech

In a remarkable celebration of technological progress, Unified Payment Services Limited marked its 28th anniversary, underscoring its pivotal role in shaping Nigeria's fintech landscape. Founded in 1997 by a coalition of leading Nigerian banks, this esteemed institution has left indelible marks on the payments sector, driving financial inclusion not just locally but across the broader African continent.

Trailblazing Payments Technology

Unified Payments has distinguished itself as the only non-bank entity in Nigeria with licenses as a Principal Member and licensed Acquirer for all major payment schemes, including American Express and Visa. This unique status has enabled them to provide secure and innovative payment solutions tailored to the diverse needs of both businesses and individuals. Dr. Agada Apochi, the Managing Director/CEO, highlighted the company's commitment to leveraging shared technology infrastructures to deliver adaptable and secure services that facilitate economic growth.

Pioneering Initiatives to Empower Users

Among its many achievements, Unified Payments was instrumental in the introduction of EMV Chip+PIN cards, which drastically reduced card fraud in Nigeria. Their innovative partnerships, such as with the Pan-African Payment & Settlement System (PAPSS), simplified cross-border transactions and fostered interoperability among nations. These strategic moves not only improved user experience but also equipped Nigerian Naira account holders to access global financial markets seamlessly for the first time.

The Future of Fintech and Economic Inclusion

The renewed vision of Unified Payments encapsulates its mission: to act as a trusted enabler of businesses and lifestyles through robust technological infrastructure and partnerships. As they look ahead, the company remains committed to the goal of unifying efforts towards building a more inclusive financial ecosystem, ultimately benefitting communities across Africa by democratizing access to financial services.

Join the Revolution in Digital Payments

Unified Payments stands as an inspiring testament to the potential of fintech innovations in driving socio-economic change. As digital transformation in Africa accelerates, it’s crucial for tech entrepreneurs, investors, and industry leaders to engage with these developments. Support emerging fintech ecosystems and be part of a future where technology bridges gaps and uplifts communities.

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