Fintech: CEO 1MinutePay addresses challenges, offers solution

Gift card, a prepaid stored-value money card also known as voucher for receiving and sending money across digital platform has become popular among younger generation especially in Nigeria. One peculiar challenge it faces is the unavailability of reliable platforms to redeem and perform transactions.

In addressing the challenge, Mr Samuel Faniyi, a Nigerian-born tech enthusiast and serial entrepreneur has launched an application called 1MinutePay. The platform offers a convenient and flexible way of exchanging value and can be used to purchase various goods and services online.

Speaking during a recent press engagement, Faniyi noted that the innovation will ease some of the burden experienced by gift card traders and also offer an attractive exchange rate.

“We are excited about the launch of 1MinutePay, this innovation, i believe would help to curb some of the issues Nigerians encounter during the process of redeeming gift cards in Naira”, he said

Fascinated about gaining market advantage and also addressing some misconceptions people have about the voucher, he added: “Also, it is important to note that the value of gift cards varies depending on the brand and denomination. Gift cards can be valued in dollars, pounds, or other foreign currencies, but to use them in Nigeria, they need to be converted to Naira.

“The gift card rate or exchange rate for converting gift cards to Naira is not fixed and fluctuates depending on the prevailing market conditions

“To redeem gift cards in Nigeria and get the best gift card rate, you need to find a trusted platform that offers competitive rates and that is why we launched 1MinutePay”.

He stressed that the application has a user-friendly interphase that allows seamless transactions in cash and bitcoin. The app supports a wide range of gift cards from various brands, including Amazon, iTunes, Google Play, Steam, and others.

While explaining how users can access and perform transactions on the app, be said : “To redeem gift cards on 1MinutePay, you need to create an account and provide the necessary details about the gift card you want to sell.

“If you have gift cards that you want to convert to Naira, the process of redeeming them is straightforward. You can simply select the gift card you want to sell on the 1MinutePay app, enter the denomination and other details, and wait for the app to verify the card. Once verified, the app will display the current gift card rate and the amount you will receive in Naira”.

With the versatility and exceptional features on the application, its no doubt 1MinutePay could become the favourite gift card trading platform in Nigeria and arguably across Africa.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

SPOTLIGHT: Agboola Joshua, the youngest certified cloud practitioner in Africa

Agboola Joshua is the founder and Chief Executive Officer of Joshfortech. At age 6, Joshua started…

My experience at Isale Eko birthed ‘Gangs of Lagos’ —Osiberu

The Director and Producer of Gangs of Lagos, Jade Osiberu, has explained that her experience at Isale Eko, while shooting another movie called…

The secret of my great health at 95 —Pa Ayo Adebanjo

Afenifere leader, Chief Ayo Adebanjo, turned 95 during the week. In this interview by Deputy Editor, SAM NWAOKO, Chief Adebanjo speaks for the first time on…

OFFCUT: Netizens share interesting experiences on how they met their spouse 

In the reactions gathered by Tribune Online through a post that reached over 100,000 social media users, netizens shared their beautiful experiences on…

See sports stars who paid heavily for divorce

Although rumours of an impossible settlement between PSG and Morocco star Achraf Hakimi and his wife have gone viral here are…

Cashless policy: Restoring public confidence in the banking industry

THESE are definitely not the best of times for the banking sector or the Nigerian economy and Nigerians in…