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  VoguePay is an online payment gateway that facilitates electronic payments on digital platforms. This includes settling bills for shopping, utilities, financial services, and other online transactions involving the transfer of money from one party to the other. The company was founded in 2012 by a team of five, including Michael Simeon, who is now its CEO. This came at a time in which the enthusiasm around e-commerce in Nigeria was gathering steam, and businesses were seeking ways to receive payments from customers via their online stores.
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It’s clear from VoguePay’s achievements early on that it was meeting a pressing need. Within a year of its launch, it had processed payments for over 13,000 merchants. By 2017, that number had jumped to 50,000. Thanks to its global presence, it’s enabling these merchants to collect payments from customers in different countries. VoguePay has offices in Nigeria, the United Kingdom, Bahrain, and Estonia, and also serves users in Ghana and Uganda. This makes it easier for businesses in Nigeria to expand their target market to include people all over the world. The platform accommodates payments in different currencies and a wide range of methods. Prospective users of the VoguePay payment gateway have to sign up with them to enjoy the services they render. It takes just a few minutes to create an account. They can then integrate VoguePay’s API into their platforms to begin receiving online and mobile payments.
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VoguePay’s clients include e-commerce stores, subscription businesses, and online marketplaces. The gateway can also be deployed by developers, banks, and government agencies—anyone who needs a secure way to accept funds from other parties. Users do not incur costs from integrating the VoguePay API with an online portal. However, there are processing and withdrawal fees for successful transactions and withdrawals. Since it began operations, VoguePay has processed payments worth over $100 million. In 2019, it reached the milestone of having 100,000 merchants on its platform. The company continues to grow, as more people and organizations turn to digital payment systems to meet their financial obligations. Featured image source: VoguePay
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This article was first published on 6th March 2021

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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