From Charity Nwakaudu, Abuja
In order to address internet fraudulent activities that is gradually crippling businesses in the country and beyond, a Fintech group, has unveiled a technological application, VETANDPAY for transactions.
The Chief Executive Officer and founder of Fintech, Dr Kalu Ibe while speaking at the ceremony in Abuja said the application is a solution to many Nigeria’s challenges in business sector.
Dr. Kalu added that the application is capable of reducing corruption and enhancing trust among Nigerians.
“I present to you VETANDPAY. NG, Powered by Vetandpay Technologies Ltd, Africa’s Foremost Escrow Company; a subsidiary of TCL , what began like a spark about two years ago” Dr Kalu stated.
“It is now shinning like the Sun over our transactional space with healing in its rays, capable of reducing corruption by restoring trust, integrity and inspiring confidence in our business and general transactional environment in Nigeria from individual to individual, company to company and government to company” Kalu stressed.
“Our escrow Services include; Auto Purchase Escrow, Procurement Escrow, Service Based Escrow, E-Commerce Escrow, Property Escrow and to come
According to him users cases of Vetandpay covers when next you plan to buy a car, buy a product, pay for services, buy a property and when you plan to award a contract
“This User cases covers all Nigerians in Diaspora as well, they can now build their houses with Escrow and be sure to meet it when they arrive Nigeria. With Vetandpay, you can only record Zero Losses as long as you follow these simple steps to secure trust in all your transactions” he added.
Also speaking, the Project Director, Ntufam Fidelis Ugbo noted that the application would build more confidence among Nigerians by meditating between the buyer and the sellers.
He added that the app will proffer solution to many Nigerians challenges as the fear of being defrauded in internet business transactions will be addressed.