NetPlusDotCom, Nigeria’s leading financial technology company and payment solution provider, has partnered with telecoms giant Etisalat Nigeria, to deliver STORM – an innovative inventory, store management and self-service ticketing solution via mobile point of sale (mPOS) system.
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Under the partnership, customers will have access to STORM app, a certified mobile POS device and data plan to run the application.
The inventory application allows for inventory management and sales tracking; it enables the merchant to track both e-commerce and in-store sales via the same channel. Unlike regular POS services that many merchants cannot afford due to their high cost owing to the expensive applications apart from the hardware, merchants will not incur additional costs for using STORM app.
Wole Faroun, Chief Executive Officer of NetPlusDotCom said: “With STORM, we are redefining how Nigerians look at an e-commerce transaction – anywhere a merchant can trade with their customers using electronic tools. The web, which is the traditional e-commerce channel, remains valid. But in a market like Nigeria, a lot more transactions are happening offline and in-store; STORM provides the perfect tool to enhance each customer’s experience and it helps merchants to keep a good tab of their businesses in real time.”
Director Digital Business, Etisalat, Adia Sowho said, “Etisalat has continued to establish partnerships with companies like NetPlusDotCom to provide Nigerians with the best mobile point of sale (mPOS) solutions. The STORM app offers merchants affordable ways to enhance customer experience and improve their businesses. Etisalat is excited to be working with NetPlusDotCom to offer a great solution that allows merchants trade with their customers anywhere online and offline using electronic tools.”
STORM app works seamlessly with the mPOS device and customers can make payments from the app itself. With the backend inventory management solution, users can manage inventory levels of the store as they are being purchased by the customers. It is integrated with a certified mobile POS device and offers adequate controls to prevent loopholes thus offering a low-cost solution that puts the user at the cutting edge of technology – it also provides an alternative solution to customers.
STORM eases cash collection, counting and deposit into bank account, its mPoS system can be used for payment and by this it enables merchants to reduce customer’s waiting time by enabling more distribution points – this is in addition to its ability to receive all forms of electronic payment. The merchant is also able to electronically capture information of the customers for future marketing and loyalty drive.
Mayowa Anibaba, Head of Technology at NetPlusDotCom, said: “STORM was built with the peculiarities of the Nigerian environment in view. It comes with capabilities to allow for transactions even when you are completely offline. The app syncs with your online platforms and completely eliminates the need to manually manage inventory information across multiple platforms.”
