Now before I commence with this piece on FIDESIC being your One-Stop-Shop when it comes to PTSP-related POS transactions and payment solutions, I would love to first briefly talk about what a One-stop shop entails.
So, what’s a One-stop shop.?
A one-stop shop is simply a business or office that offers multiple services or products to customers, the provision of everything that a customer or client might require in one place.
According to MBN (Market Business News), a one-stop-shop is a place or establishment that offers a wide range of products or services. In fact, it has everything you would want for a particular need. The term relates to how many stops you need to make to satisfy all your needs. If you just need to make one stop, it means that you satisfied all your needs on that one stop.
Many typically use the term, one-stop-shop, when talking about a specific requirement or sector.
And this term is used either for a location or a company. What they all have in common is their vast range of services or products.
So, a one-stop-shop aims to provide everything the client might want for a particular need. They also try to sell more goods or provide multiple services to clients/customers.
A one-stop shop is a firm and business that offers a multitude of products or services to its customers, all under one roof, so to speak. A one-stop-shop can refer to a literal roof, a specific physical location where all the business a client has can be carried out or it can refer to a company that handles a variety of goods or services.
The Concept of One-Stop-Shop:
The concept of a one-stop-shop dates to early 20th century America when a shopping trip could mean going all over town to pick up meat from the butchers, vegetables from the Haymarket, bread from the bakery and that was just for foodstuffs. Hardware supplies, cleaning supplies, and other household items required even more visits to even more places.
Then, as now, people wanted to save time, so stores responded by stocking a wider range of products so that customers only had to come to their location to check off most of their shopping lists.
The actual term “one-stop-shop” may have first been in conjunction with businesses that did all the work for the new staple of American life, the car from sales to repairs to parts.
KEY TAKEAWAY ON THE CONCEPTS OF ONE-STOP SHOP
A one-stop shop is a business or office that offers multiple services or products to customers.
The business strategy behind the one-stop shop is to provide convenience and efficiency to clients, gaining loyalty as well as revenue.
For the partners, clients etc. using a one stop shop can be efficient and provide insight into one’s affairs and ease your ways of doing business.
Fidesic as a One stop Shop:
Fidesic Nigeria Ltd is a was incorporated in 2013 and licensed by the Central Bank of Nigeria (CBN) in 2014 as a PTSP (payment terminal service provider). Fidesic is considered a trailblazer in Nigeria’s FinTech industry and history with the sole quest and drive to increase financial inclusion in Nigeria. And since its Incorporation and Licensing, we have taken giant strides by solving financial challenges and creating services that attends to payment problems and needs, and this has made us a One stop shop for payment solutions and services in the industry. Our expertise spans across the MPOS space, and we provide support to all types of POS devices with growth expansion and diversification. As a testament, we are the 1st PTSP in Nigeria to introduce mobile point of sales (m-Pos) devices in the industry and currently the 3rd PTSP in the industry with over 119,729 registered terminals. This was borne out of the need to solve increasing payment problems in the Nigerian market. Our solutions have addressed the following needs in the industry.
Payment attribution
PTAD solution with top-notch features
Reconciliation across banks and devices
Single view monitoring and reports
etc.
And our offerings:
PTSP SERVICES (We offer 24/7 POS services across Nigeria)
PTAD (Generic pos and customized application based on client needs)
F-Register (Seamless merchant onboarding, verification, and validation)
F-SUITE (Application suite that houses multiple applications in one)
VAS/Bill Payment (We offer the most economical and reliable source in the industry)
Terminal Management System (TMS) (Ability to route transactions through multiple switches)
Flexible Transaction Charges (Flexibility on transaction charges in flat rate and percentage rate model)
Financing (We provide terminal asset/value financing supports)
PTSP Partnership (Favorable partnership with super-agents/MMO with the best sharing formula for agents)
Diaspora Remittance (Customer ability to withdraw diaspora remittance from an agent location)
And with our Vision to build an enduring organization with an ecosystem of value creators while delivering high-impact payment technology solutions, hardware, and services for emerging markets through a culture of entrepreneurship and innovation, anchored on our core values of Ownership, Integrity, Ingenuity, Client focus and value creation, you can trust not to disappoint as your surest payment one stop shop.
We are well prepared to face the Obvious Challenges which are imbedded in Nigeria’s Cash economy, Lack of adequate automated systems for payment processing, Unmanageable reconciliation and audit processes, Lack of trust in systems, Adoption of untailored solutions for the Nigerian market, Cashless policy adoption etc.
We at Fidesic as your One-stop payment shop are always ready to Come In to assess our client-specific engagement requirements, develop and integrate with existing software applications using standardized business processes & practices to ensure seamless implementation.
And, ready to go steps further at providing customized solutions with clients’ unique functionalities for better payment management, and provide thought leadership on payment systems design, optimization, and payment hardware consulting.
We have got the
EXPERIENCE, Support, and partnership of all types of POS devices and a proven track record,
VISIBILITY, Full end-to-end visibility,
REACH, Ease of deployment and maintenance. Presence in 31 states,
RECONCILIATION, Data integrity and reconciliation.
And with our Over 20 partnerships in the industry, we are the definition of the One stop shop concept.
Summary:
The concept of the one-stop shop has been expanded over time to include businesses and services. So, it’s from product offerings to capturing more of the customer’s needs, payment purchases to one offering all the complementary products and services to a client in a particular area or sector
/Industry and Fidesic fits perfectly well in all ramifications as one-stop payment shop in this regard.
As a customer or client, your options and choices may be limited not only to certain areas but the proprietary of our products and services would help you a lot of good, dealing with us as your one-stop payment shop would save you money, thanks to our economies of scale, The convenience of the one-stop usually comes with a cost but with us the case is different.
Welcome onboard
Welcome to Fidesic your One-stop payment Shop.
