AppZone, a payment infrastructure company based in Nigeria, was named the “Excellence in Blockchain Technology Awards” winner at the Africa Fintech Summit 2022, which was recently held in Washington, DC.
It was chosen to receive the award in recognition of its efforts in leading the adoption of blockchain technology for payment processing on the continent and achieving interoperability with the infrastructure of existing traditional financial ecosystem stakeholders on its blockchain payment network, ZONE.
Founded in 2008, “Zone” is Africa’s first private blockchain network that connects banks and fintech without any intermediary to enable frictionless digital payments while empowering previously excluded financial institutions to participate. It has so far been adopted by over 16 commercial banks in Nigeria and is expanding to other financial institutions, fintechs and commercial banks across Africa.
Co-Founder and CEO Obi Emetarom, expressed his delight about the company’s emergence amongst so many other well-deserving companies creating value in the ecosystem saying;
“The increasing maturity of the fintech ecosystem in Africa is impressive, and we are happy to be a part of the story of progress for the continent. Whether as an entrepreneur, investor, traditional financial institution, or customer, it is an exciting time to be involved in African Fintech. Even more rewarding is the joy of getting recognition for the solutions we create at AppZone. We remain committed to our mission of connecting every financial store of value in Africa to the rest of the world. Recognitions like this will only spur us on to give more to Africa’s fast-evolving Fintech landscape.”
The Africa Fintech Summit brings together the entrepreneurs and opportunities revolutionizing finance in Africa to the world’s stage every year. This is the 7th year it is being hosted. The Africa Fintech Summit Awards platform is a longstanding tradition designed to recognize African fintech stakeholders for their actions in enabling the continent’s start-up ecosystem, accelerating innovation, and driving financial inclusion and literacy.