VoguePay.com, a leading e-payment platform that serves hundreds of thousands of small businesses in four continents has won the best emerging online payment platform in Africa at the African Information Technology and Telecom Awards (AITTA) 2016 held at the Kempinski Hotel, Accra, Ghana on May 21, 2016.
Launched in 2012, VoguePay was created with a vision to make online, cross-currency payments and transactions safer, cheaper and more accessible for businesses, traders and consumers in Africa and internationally. The platform offers both users and merchants an opportunity to transact without directly using their card or bank details.
With tens of thousands of clients, VoguePay’s integrated solutions and services are helping small and medium businesses (SMEs) to power their online payment infrastructure by offering free online payment integration to serve an estimated market audience of 20 million SMEs in Nigeria.
This year’s edition of the coveted ICT awards organised by InstinctWaves, publishers of Africa’s only free premium ICT and telecoms magazine, MobileWorld recognised industry leaders across various categories including e-payment were VoguePay was awarded the Best Emerging Online Payment Platform in Africa.
CEO of InstinctWave, Mr. Akin Naphtal, remarked that VoguePay won the industry recognition as a result of its contribution to online payment in Nigeria and Africa in general. Other award recipients include the Nigeria (NITDA) for ‘local Content Promotion in Africa’ and Nigeria Communications Commission (NCC) for ‘African Regulator of the year’ among other award recipients.
CEO of VoguePay, Mr. Micheal Simeon, while receiving the award, reiterated his company’s commitment to champion online payment security, stating that VoguePay’s financial framework is designed to meet International Financial Reporting Standard (IFRS) and the platform deploys several second-level authentication protocols in order to prevent unauthorized access to merchant’s account.
These security algorithms include geo-location monitoring and behavioural pattern analysis systems, transaction patterns monitoring systems, IP monitoring, SSL Security Encryption, GeoTrust with EMV, audit trail, and data encryption technologies are actively in place to ensure security.
The Director, Marketing and Compliance, Vogupay.com, Geoffrey Weli-Wosu, noted that the award is well deserved given VoguePay’s innovative solutions including being the first payment platform in Nigeria to offer free account opening for its merchants as well as offering its integration suite for free.
Voguepay was first payment platform in Nigeria to facilitate bitcoin transactions as well as the first online payment platform to enable international gateway transactions for local merchants in Nigeria and across Africa.
VoguePay’s commitment to help small businesses connect with global audience is unwavering. This award is a reflection of VoguePay’s continuous improvement as it earlier won ‘The Best Internet Payment Platform in Nigeria” in 2014 at the maiden edition of the DotCom awards, Weli-Wosu said.