XEND Xend enables users make and receive payments online and offline.

XEND

XEND

Xend is a payment solution which enables users to make or receive payments offline or online – with local currencies or cryptocurrency.
Payments in African schools and universities is a major problem. Over 200 million students in Africa, make millions of daily cash transactions which accounts for over $100B annually. Up to 90% of transactions in schools and Universities are cash payments because one in every five POS transactions in Africa fail and merchants pay up to 10% in fees when receiving micro-payments with POS machines.
Students spend hours on ATMs to collect cash because the resolution time for POS transaction failure is about 10 business days.
Xend is solving this problem by providing a service which makes payments easier in schools for students and merchants can receive payments offline or online within 10 seconds.

StageGrowth stage EST January 2019
SectorsBlockchain, Financial services, Fintech
LocationEnugu, Nigeria
MarketsNigeria
Customer modelB2C
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