Appzone to Unveil Africa’s Blockchain Payment Infrastructure

Emma Okonji
Appzone Group, sub-Saharan Africa’s leading Fintech software company, has concluded arrangements to unveil Africa’s Blockchain Payment Infrastructure platform for payment processing.

The payment-processing platform called Zone will be unveiled at a forum in Lagos next month, where it will play host to captains of industry and leaders from the payment, finance and technology.

Developed by Appzone Switch, a subsidiary of Appzone Group, Zone forms the foundation of Appzone’s plans to build out Africa’s first decentralized payment network, which will allow inter-bank transactions to be processed directly between banks without the involvement of any intermediary.

Speaking about the event, the CEO of Appzone Switch, Mr. Uche Elendu, said: ‘’We are happy to officially unveil Zone as a decentralized blockchain based payment infrastructure that enables real-time settlement of fiat transactions, both in-country and out-country, while enabling the retail distribution of stable digital currencies including Central Bank Digital Currencies (CBDCs) in Africa. Because of the impact that the innovation will have on the payment and finance landscape in Africa, we are bringing together industry leaders across the payment, technology, and finance industries to see firsthand how the Zone platform is positioned to power a truly cashless society.’’