Nice concept OyaPay, my only question is why would I as a merchant that currently enjoys between 0.5% – 0.75% capped at NGN1,200 (for normal merchants) and 0% for Petrol stations now switch to a platform that charges me 1.4% per transaction capped at NGN2,000 I guess?

Also in as much as I agree with you that POS are expensive for Banks, we however know that they offset that cost through other means (such as Spread income from placing funds with other banks, account maintenance charges etc).

However, great product concept! 😁😁