With this new price announcement VoguePay now offers the lowest fees to process both local andinternational payments in Nigeria and in most parts of the World. The CEO of VoguePay, Michael Simeon noted that the new pricing reflects the company’s commitment to SMEs and startupsespecially in Nigeria.
In his remarks “while the current economic recession in the country has beenhitting hard at small business, our position as an SME-friendly payment solution is to engage initiatives for SMEs to increase revenue. The new pricing is one of the major steps in that direction”.
According to Geoffrey Weli Wosu who is one of the 5 co-founders of the company, he noted that VoguePay is renowned for being the most friendly payment solution in Nigeria since its launch in 2012. Recounting the early days, he narrated how the free account signups was responsible for the rapid adoption of the payment solution in Nigeria with over 17,000 SMEs using the service in its first year.
Overall, this price review is a good news for our merchants and will be one of the several announcements in 2017 as the company marks its fifth year of operation and shows its market leadership as the payment bridge connecting Africa and the rest of the world. Leke Ojikutu, the company’s CTO whose frustration with legacy online payment gateways led to the birth of VoguePay in 2012 said he is truly happy about this new development. “We are always interested in investing in solutions that reduce the cost of making transactions for SMEs” he enthused.
The new price regime takes effect from January, 17th, 2017 for all transactions. The company’s COO, Quam Ojikutu advised that savvy merchants can also pass some of this savings to their customers bymaking changes in their account setting. He also added that he commitment of the VoguePay team is to support the small business ecosystem by making it easy for them to send and receive payment all over the world.