About DeemPay
DeemPay is a payment processing platform from DeemPay that helps businesses manage and grow their payment operations. It combines in-store payment acceptance, bank transfer processing, and QR code functionality so users can efficiently handle transactions. DeemPay allows businesses to accept payments quickly, improving customer use and transaction speed. The platform supports various payment methods, ensuring flexibility for consumers. Additionally, it offers tools for transaction tracking and reporting to help businesses analyze their financial performance. Key capabilities: in-store payment acceptance bank transfer processing QR code functionality transaction tracking reporting tools Best for: businesses that need effective payment solutions to facilitate in-person transactions.
DeemPay is a crucial, high-impact FinTech solution tailored for the Nigerian market, specializing in fast, secure in-person payment collection via NQR codes and virtual bank transfers. Its core value lies in providing instant, guaranteed payment confirmation for both merchants and cashiers, effectively eliminating the risk of fake transfer fraud that plagues many businesses. By requiring only a smartphone and offering highly transparent, low-cost pricing, DeemPay democratizes access to digital commerce for the smallest retailers and POS agents, making it an essential tool for any Nigerian business looking to transition reliably to a cashless, secure, and efficient point of sale.
Pros & Cons
- +It is accessible to the smallest micro-businesses and POS agents.
- +Adherence to PCI DSS/PA DSS and bank-grade encryption assures users of data and transaction safety.
- +Offers highly competitive, transparent transaction fees
- +Requires only a smartphone and offers transparent, low-cost pricing
- −It does not offer traditional card processing or a full POS terminal replacement.
- −Requires the customer to have a functional mobile bank app and data/internet access to scan the QR code.
- −Highly specialized for the Nigerian market
Features
Key features
- NQR and Bank Transfer Payments
- Allows merchants to accept payments instantly via NQR code scanning using any Nigerian mobile bank app or via virtual bank account transfers (Wema Bank partnership).
- Instant Payment Confirmation & Fraud Prevention
- Provides the merchant and cashier with instant, guaranteed payment notifications (within 5 seconds), eliminating the risk of fake transfer alerts and fraud.
- Cashier Sub-Accounts & Transaction Reporting
- Enables business owners to create sub-accounts for cashiers, allowing staff to confirm payments at their point of sale without needing the owner's details, alongside clear transaction histories.
- Low-Cost, Transparent Pricing
- Offers a highly competitive and clear pricing structure, with zero charges for the merchant in some scenarios, and low, capped transaction fees for customers (e.g., NQR capped at ₦26.87).
- Mobile-First Deployment
- Requires only a smartphone (no external devices like POS terminals) for setup and acceptance, significantly lowering the barrier to entry for small businesses.
Additional features
- Fixed and Dynamic QR Code Generation
- Allows the generation of fixed QR codes for display and dynamic QR codes with specific amounts for instant payment requests.
- Virtual Bank Account Generation
- Users can generate a virtual bank account for easy bank transfers, settled to their primary bank account.
- Task-Based Earning (Individual App)
- A feature aimed at individuals, allowing users to earn money by completing simple tasks, which can then be used for financial services.
- Bill Payment Services
- *Seamless platform for paying utility, mobile, and subscription bills with ease. *
- Maximum Security Assurance
- Utilizes Bank Grade Encryption and adherence to best payment standards like PCI DSS/PA DSS for data and transaction security.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
No reviews yet
Be the first to drop a review
Alternatives to DeemPay
Zofi Cash
Zofi Cash is a financial management software from Zofi Cash that provides tools for personal…
WallX
WallX is a construction management software from WallX that facilitates project collaboration. It combines project…
Tutoro
Tutoro is a lubrication management software from Tutoro that supports efficient grease application. It provides…
About DeemPay
DeemPay is a payment processing platform from DeemPay that helps businesses manage and grow their payment operations. It combines in-store payment acceptance, bank transfer processing, and QR code functionality so users can efficiently handle transactions. DeemPay allows businesses to accept payments quickly, improving customer use and transaction speed. The platform supports various payment methods, ensuring flexibility for consumers. Additionally, it offers tools for transaction tracking and reporting to help businesses analyze their financial performance. Key capabilities: in-store payment acceptance bank transfer processing QR code functionality transaction tracking reporting tools Best for: businesses that need effective payment solutions to facilitate in-person transactions.
DeemPay Details
DeemPay's In-App Market Place
Does DeemPay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
NGN ()
Pros & Cons
- It is accessible to the smallest micro-businesses and POS agents.
- Adherence to PCI DSS/PA DSS and bank-grade encryption assures users of data and transaction safety.
- Offers highly competitive, transparent transaction fees
- Requires only a smartphone and offers transparent, low-cost pricing
- It does not offer traditional card processing or a full POS terminal replacement.
- Requires the customer to have a functional mobile bank app and data/internet access to scan the QR code.
- Highly specialized for the Nigerian market
DeemPay's Support Options
Email Address
hello@deempay.comContact
+234 8179470378DeemPay's Alternatives
Zofi Cash
Zofi Cash is a financial management software from Zofi Cash that provides tools for personal…
WallX
WallX is a construction management software from WallX that facilitates project collaboration. It combines project…
Tutoro
Tutoro is a lubrication management software from Tutoro that supports efficient grease application. It provides…
