Baxi Box Has Facilitated Payment Of Insurance Bills In Nigeria

Yemisi Izuora 

Baxi Box, a payment platform says it has recorded remarkable achievements since its introduction in 2016 particularly in the Nigerian FinTech sector.

It said it offers a convenient, faster and more reliable alternative to traditional mode of payment, providing users with a bouquet of services including airtime, DSTV and GOTV subscriptions, examination and toll fees, insurance bills, tickets for shows, which can be obtained from the comfort of their homes and offices or at any agent location where the Baxi Box is present.

Baxi Box is a flagship brand of Capricorn Digital Limited, a technology led, digital distribution company focused on providing aggregated payments and collection services to Digital Service Providers. The company adopts a multi-channel distribution approach that includes other channels to market such as web, mobile app, Business-to-Business (B2B) aggregated web service APIs and (Software as a Service).

“Findings from a cross section of users reveal that one of the reasons for the company’s fast growth in Nigeria is because of its availability, due largely to the platform’s ownership of a massive nationwide agent network with a high penetration at communities. Another reason is the vastness of the services the platform renders, catering to as many needs as possible which can be tailored to specific customers, including Government, Transportation company’s’, Airlines, Electricity Distribution Company’s, Hospitals e.t.c. About any transaction across a vast range of industries can be done via the Baxi Box,” the company stated.

The platform also claims its merchants are 100 per cent guaranteed of income as it is devoid of fraud, theft and IT nightmares.

“The merchants have real time access to the back end interface of all their transactions and can generate reports for all financial and operational purpose which helps them in the area of accountability.”

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