Payment Startup, Zoto, Announces ₦1 Only Sale On New App

Nigeria’s fastest growing payment startup, Zoto, a mobile payment app used by over 1 million Nigerians, has announced a new app design.

According to company officials, the new app is designed to make Zoto the fastest and most reliable payment app in Nigeria.

An introductory sales offer is also announced on this occasion, and this will enable users to enjoy services at just ₦1 only on the new app for a limited period.

In addition to subscription recharges, TV and broadband payments, the new app comes with services like electricity and betting payments also.

This announcement was made at a press briefing in Zoto’s Lagos office this week.

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Commenting on the development, Oshone Ikazoboh, Zoto’s Co-Founder, said the newly redesigned Zoto App will further improve the experience of payments.

He said electronic payments in Nigeria suffer from high failure rate, OTP delays, and poor user experience as existing solutions are not reliable and mobile friendly.

“Zoto promises a delightful payment experience. Using Zoto wallet, users can make payments within 5 seconds without going through the tedious process of bank OTP and each payment is secured and complies with CBN policies,”

Ikazoboh said, adding that Zoto’s machine learning process also predicts user’s favourite recharge and most frequent payment they are likely to make.

He further explained that close to 80% of web traffic in Nigeria comes from mobile and that Zoto’s mobile-focused approach helps provide payment services to masses.

Speaking further, Ikazoboh said the value Zoto brings is convenience and users’ ease of making payments wherever they are.

“We all want to maximise our time, so when making a payment we want the fastest, safest way of doing that. This is what motivated the Zoto idea; we want to make payments as convenient as possible,” he said.

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