UP is an all-in-one or one-stop shop for bespoke and standard merchant services enabling merchants, retailers and other businesses to grow and also delight their customers.

UP is the first and only non-bank entity in Nigeria that is Principal Member or Licensed Acquirer of all of American Express, Mastercard, PayAttitude, UnionPay and Visa.  UP merchant services include but not limited to:

Electronic Payments

• Physical Points of Sale
• Online or Web

 Electronic Cash Register:

• Seamless inventory management of sales
• Ease of reconciliation

 Membership Collection:

• Bespoke collection services for membership associations such as Clubs, faith-based organisations e.g. churches, etc. enabling them to send request to phone numbers of members who authorise payment of dues, offerings, tithes, etc. on their phone handset or other personal devices.

 Electronic Billing and Collection:

• Elimination of paper billing, distribution, collections etc. as utility service providers and other businesses are enabled to collect service fees through request for payment sent to phone numbers of subscribers, consumers or other customers who authorise payment on their phone handset or other personal devices.

Hourly Settlement Service (UP-HSS)

• UP-HSS is a unique service that enable Merchants to receive monies into their bank accounts on an Hourly-basis for every successful e-payment transactions instead of settlement at T+1 or Transaction Day + 1 or any other period. This service gives merchants timely access to their funds and enables them to grow their turnover.
• Full hourly settlement reports for reconciliation.

 Acceptance Infrastructure:

• Owns and deploys acceptance devices for acquirers, merchants, retailers and other businesses
• Enables use of telephone handset and other personal devices as PoS devices.

SMES Development:

• Encourages small and medium business start-ups by reducing start-up cost of acquiring devices through the use of the mobile phone

Value Added Services & Additional Income Opportunity We enable our merchants earn additional income by providing them the opportunity to provide services on behalf of our company and other businesses and be paid commission for such transactions. These include but not limited to:

•  Agency Banking Services
• Airtime Vending & Bill payment services
• Verification Services

 Supports for different Technologies & Schemes: UP is an option-neutral and scheme-neutral service provider supporting standard and innovative payment options and methodologies including:

• Payment with phone number – secure transactions by self or through family, friends & staff by entering just phone number (instead of details of cards, accounts, etc.) on the Web, PoS devices, ATM, telephone handset and other personal devices while customer authorises transaction by entering PIN on only his/her telephone handset or other personal devices.
• Cards (Credit, Debit, Prepaid)
• Remote/distant / Proximity transactions
• Contact/Contactless