Since inception, Bloc (formerly TechAdvance) has been a part of the Nigerian bills payment industry currently processing over 1B in monthly transactions.
Bloc—a proprietary suite of APIs capable of helping anyone launch a FinTech product in far less time than it usually takes has announced a partnership with MTN to improve its bills payment API for customers.
This was made possible with the acquisition of a Class License issued by the Nigerian Communications Commission (NCC) — via its subsidiary, Ace Remittance.
This integration allows companies and organisations who offer MTN products via Bloc Bills Payment API to do so at cheaper prices. You can sell airtime/data from all telecom providers, electricity from all national discos and cable TV to your customers. More importantly, you no longer have to worry about owning or maintaining the infrastructure needed to offer these services.
According to an article posted by Bloc via medium, the Nigeria fintech company said, “It takes us one step closer to building reliable, proprietary infrastructure — removing the risks and hassle that comes with the existence of more than one wholesale provider in the value chain.”
“Our mission is to offer new/existing companies (FinTechs and non-FinTechs) an exhaustive set of building blocks — infrastructure, compliance, capital — that allows them to increase their value to their stakeholders. We’ve further shown our commitment to this mission with our Value Added Service License issued by the NCC.”
“Inspired by this partnership, we will continue our business development strategy to simplify FinTech integration to telecom and open up more possibilities for the glory of FinTech.”
Learn more about Bloc Bills Payment API or get started here.
Read Also: Nigerian fintech Syarpa raises $500K pre-seed
What Bloc Offers
Bloc gives any startup or corporation peace of mind in three ways – built for speed, ease, and compliance.
- Faster time to market: All complexities that take time to build and launch a product no longer exist—allowing you to focus on what matters, your product. We own all the necessary licenses and are compliant with the highest security standards required to offer you our API products.
- Simple to use and integrate: In minutes, engineering teams can sign up and gain access to the API products for integration. Bloc also simplifies deployment, updates, management and is very compatible with other third-party APIs.
- 100% Compliant: Bloc is secure and protected by design. Always up to date, Bloc holds security certifications by ISO 27001, PCI-DSS, and licenses like the CBN-issued Micro Finance Bank License, the NCC-Value Added Services license, and a PSSP license.
About Bloc
Bloc is a FinTech infrastructure company providing technology, compliance and capital to companies (FinTech & non-FinTech) that want to offer financial services. Committed to the belief that every company will need financial technology to remain relevant (or scale) in the near future, Bloc’s position — since inception — is to remove every obstacle that typically accompanies building FinTech.
