Zone, the pioneering force behind Africa’s first regulated blockchain network for payments, has unveiled its latest innovation, the "ZonePOS" point-of-sale (PoS) payment gateway solution. Launched on June 5, this groundbreaking product is set to transform the African payment landscape with its decentralized, cross-border, and currency-agnostic capabilities.

According to Zone's official press release, ZonePOS leverages blockchain technology to provide a seamless and inclusive financial ecosystem. The payment infrastructure facilitates direct transaction routing to issuers, adhering to regulatory guidelines on interbank payments. This development positions ZonePOS as a unique and potentially transformative solution in the African market.

ZonePOS promises same-day settlements, significantly enhancing transaction efficiency and reliability for users. The system includes advanced blockchain-based charge-back protection, which auto-refunds customers for unsuccessful transactions and auto-declines fraudulent chargebacks in real-time.

“Our PoS Payment Gateway Product is a commitment to financial inclusion and to the digital future of all payments in Africa. With this new offering, we are excited to have taken yet another major step towards our vision for a world where individuals and businesses can make and receive instant payments to and from anyone in the world, through any payment method and in any currency,” stated a Zone representative.

The introduction of ZonePOS comes amid a shifting regulatory environment in Nigeria, one of its primary launch markets. Recently, there has been confusion among younger citizens regarding the government's stance on cryptocurrency and blockchain technologies. Despite Nigerian President Tinubu's campaign promises to legalize and support cryptocurrency technology, post-election actions have raised doubts about his administration's commitment to the sector.

ZonePOS marks a significant stride towards financial inclusivity and the digital transformation of payments in Africa. By offering a regulated, blockchain-based PoS gateway, Zone aims to foster a more secure, efficient, and accessible payment environment. This innovation not only promises faster settlements and robust fraud protection but also positions Zone as a leader in Africa’s evolving financial landscape.

As the regulatory landscape continues to evolve, particularly in regions like Nigeria, ZonePOS could play a crucial role in shaping the future of payments. The company's commitment to leveraging blockchain technology for financial inclusion underscores its vision for a connected, inclusive, and efficient digital economy in Africa.