Zenith Bank launches strategic partnership with Facebook and Twitter to enable quick response payments

ZENITH Bank has entered into a strategic partnership with Facebook and Twitter to launch a Masterpass quick response (QR) programme on Messenger, that will enable Nigerian businesses set up digital accounts and accept payments.

Under the scheme, quick response payments will allow individuals and small businesses to make and receive payment in real time via Facebook Messenger. Peter Amangbo, Zenith Bank's managing director, said the bank is partnering with Facebook and Mastercard to introduce Masterpass QR as a means of driving financial inclusion and creating a new payment ecosystem for SMEs and consumers.

Mr Amangbo said: "This initiative will help us encourage financial inclusion within the country in line with the strategic thrust of the Central Bank of Nigeria (CBN). Buyers and sellers now meet and conclude transactions in-store, online and on social media, so we are ensuring payments can also be made on these platforms via QR codes, without having to log onto other solutions or even take a break from what you are doing on Facebook."

He further stated that Zenith Bank is focused on digital collaborations and innovations that will enable it’s audiences to fit banking into their lifestyles, make payments more seamless and promote business growth. Zenith Bank plans to roll out the new QR Payments offering to its customers in Nigeria and other African countries where it has business footprints.