Africa’s telecommunications industry has been very pivotal in the continent’s growth. This means, naturally, it serves many people on the continent.
Earlier in the year, we completed our direct integration with MTN, the largest telecoms company in Africa. This gave our customers more flexibility over how they resell MTN’s products/services.
Today, we are happy to announce that we’ve done the same with Airtel, the second largest telecom provider on the continent — with over 128.4M customers. This is a part of our mission to offer businesses exhaustive infrastructure, licenses and tools to build powerful financial features into their applications or websites.
This was made possible with the acquisition of a Class License issued by the Nigerian Communications Commission (NCC) — via our subsidiary, Ace Remittance.
What this means for our customers
Our direct integration with Airtel means that our customers now have more autonomy over how they sell Airtel airtime/data to their customers.
Our Bills Payment API allow you to sell airtime/data from any telecom provider (MTN, Airtel, 9Mobile & GLO), Cable TV (DSTV, GOTV & StarTimes) and electricity from 9 out of 11 national discos — excluding Yola and Benin Discos — to your customers.
It costs you zero to use our Bills Payment API, and we pay you a commission every time you pass a successful transaction on your platform. Additionally, businesses signed up with Bloc can include processing fees when they offer bills payment to their customers and own 100% of the extra revenue.
What this means for us
It brings us one step closer to building a dependable, proprietary infrastructure — reducing the risks and complications associated with the presence of several wholesale providers in the value chain.
Our mission is to provide new/existing firms (FinTechs and non-FinTechs) with a comprehensive set of building blocks — infrastructure, compliance, and funding — that enable them to improve their value to their stakeholders.
We’ve further demonstrated our dedication to this objective by acquiring our NCC-issued Value Added Service License.
Inspired by this partnership, we will continue our business growth strategy to simplify FinTech integration with telecom and open up additional opportunities for businesses in the future.
Bloc is a FinTech Infrastructure company providing technology, compliance and capital to companies (FinTech & non-FinTech) that want to offer financial services.
Committed to the belief that every company will need financial technology to remain relevant today or in the near future, Bloc’s position — since inception — is to remove every obstacle that typically accompanies building FinTech.
Get started with Bloc here.