PayedIn and McHenrich Technologies announce partnership

PayedIn Technology and McHenrich Technologies announce strategic partnership to deliver simplified electronic payment services to merchants.

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24 January 2022 Lagos, NigeriaPayedIn Technology and McHenrich Technologies are pleased to announce that they have entered a strategic partnership, combining PayedIn’s industry leading no code payment technology with Mchenrich’s marketing expertise to deliver hassle free payment services to merchants.

 

With digital inclusion and participation in the digital economy being a global agenda, the Central Bank of Nigeria (CBN) policy in the last few years has been geared towards encouraging cashless transactions. Despite this policy direction, most transactions in Nigeria are still cash based. This is because the bottom 80% of merchants who carry out the most transactions are still largely digitally excluded.  These merchants do not have the capability to manage complicated payment hardware and systems integration. They also do not have the administrative power to meet the bureaucratic requirements of banks and other issuing houses. They need a payment solution that is simple giving them time to focus on their business operations.

PayedIn technology and McHenrich Technology have come together to provide an industry leading no code, no hassle payment solution to all merchants. To start benefiting, all a merchant needs to do is sign up by providing basic details to start receiving payments. Merchants can sign up and receive their first payment within minutes. This solution will revolutionise merchant payment and accelerate the country towards a cashless reality.

“As a technology company we are increasing our reach and focused on expanding into new segments where our technology is addressing key pain points while addressing the globally relevant issue of digital inclusion” said Debo Shopade, Co-Founder and CEO, PayedIn. “Today PayedIn becomes a key partner with McHenrich with a mission to speed up the adoption of our easy-to-use payment services in a key customer segment.”

“We are confident that the synergy between our technology distribution expertise and network combined with PayedIn’s technology will result in the transformation of the merchants’ financial transaction ecosystem for good,” said Henry Igbo, Managing Director, McHenrich Technologies. “With PayedIn payment technology and our marketing expertise, the promise of payment with ease and simplicity for merchants has arrived.”

About PayedIn Technology

PayedIn was established to eliminate all barriers to digital payment inclusion for everyday merchants, self-employed individuals, schools, businesses, and not-for-profit organisations such as charities, NGOs, and churches. We are committed to offering a reliable, easy-to-use, and secure payment platform and by so doing we are powering the offline to online transition across Africa. Our payment solution covers all verticals from utility, services, transportation, education, ecommerce, charity, and religious sectors.

About McHenrich Technologies

McHenrich Technologies Ltd was established in April 2008 as a technology distribution and service management company. We import and distribute high end and entry level technology products such as computer networking, software, and surveillance equipment. Our major strength lies in our in-depth knowledge of the products we distribute. More recently, we have been investing heavily in the financial technology space to provide needed solutions for our target market working with partners with best-fit products and services. Our seasoned engineers have been trained by our technology partners to cater for after sales services and provide over the counter sales advice. Our focus market includes businesses, government, and private individuals.

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