Unified Payments Partners Six banks on PayAttitude Payment Solution

Unified Payment Systems has collaborated with six money deposit banks in the country to launch PayAttitude a payment solution that works without communications network.

PayAttitude is a unique transaction innovation in the Nigerian payments terrain.

PayAttitude is a Chip and Pin enabled tag-type contactless solution that is linked to customers’ prepaid mobile wallet, enabling access to their account(s) for different payment transactions simply in a ‘tap and go’ fashion.

Agada Apochi, managing director, Unified Payments, said that PayAttitude is a future and value innovation that aims to address undesirable state of the country’s financial market where cash is still the king with N1.8trillon cash in circulation, high rate of transaction failure where 90 percent is attributed to poor telecommunications network.

“PayAttitude will bridge the gap between unbanked population and the underbanked. It supports agency network, mobile money transactions as well as contact and contactless transactions. It is linked to individual bank account and account on the chip on the mobile phone,” he added.

This solution is being deployed by Unified Payments, in partnership with leading banks in Nigeria which are members of the PayAttitude among them are Access, First Bank, UBA, Zenith, Skye and Diamond.

PayAttitude guarantees subscribers the confidence and comfort of successful mobile payment for goods and services at merchant locations at all times, notwithstanding the challenges of telecommunication or unavailability of network in the merchant’s bank or the customer’s bank.

With this solution, transactions are authorised offline up to the value of the customer‘s mobile wallet subscription with the Bank.

To guard against fraud or unauthorised use, PayAttitude transactions are Chip and Pin enabled and holder’s unique Pin must be entered on the acceptance device before transactions are approved.

The PayAttitude tag is carried on the mobile phone and suits the lifestyle of mobile phone users, being convenient for retail transactions by tapping the phone against the PoS terminal.