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POS Collections without Payment Cards


Zenith Bank Plc has become the first Nigerian bank to successfully integrate and launch Unstructured Supplementary Service Data (USSD) payments on Point of Sales (USSD on POS), enabling customers to pay for goods and services via POS terminals in merchant locations or on ecommerce websites without the use of cards.

The innovative payment solution, which is powered by CoralPay, allows Zenith Bank customers to use the *966# Eazy Banking (USSD) to pay for goods and services on POS terminals in merchant locations or on ecommerce websites through the generation of a payment code on the POS terminal which is then confirmed by the customer using their USSD pin.

Commenting on the launch of the new payment solution, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc., Mr. Peter Amangbo, noted that the bank has always been at the vanguard of technological innovations geared towards creating value for its customers. Speaking further, he observed that: “this solution is an exciting and highly innovative initiative in promoting financial inclusion, facilitating payments by customers either remotely in the comfort of their homes/offices or at merchant locations without the use of a payment card. With this solution, customers in remote locations plagued with challenges of poor Internet access can now carry out transactions easily using their feature phones”.

Zenith Bank’s *966# Eazy Banking on POS will further drive financial inclusion through agency banking, allowing bank customers, irrespective of their bank, carry out withdrawals from their accounts or wallets without cards on the POS terminals at agent locations, creating broader coverage and penetration to areas with limited technology infrastructure.

The solution has been successfully connected to all existing POS terminals through integration with leading Payment Terminal Service Providers (PTSPs) and directly to e-commerce sites (Websites) of Zenith Bank merchants/customers. It also supports wallet-to-wallet transactions across provider banks and Mobile Money Operators (MMOs), enabling interoperability across platforms, financial institutions and payment service providers (PSPs) in the payment industry.

Built with convenience, accessibility and safety in mind for all customers, USSD on POS enables users complete financial transactions regardless of their location and type of mobile phone, as it does not require data or internet connection to process transactions.

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