Since its incorporation in 2012, Baxi has developed a legacy as a reliable and accessible one-stop shop for digital payment services in Nigeria by providing a range of digital products and services to the grass root and mass market consumers through technology and a retail distribution network that is driven primarily by agents, merchants, and […]
Baxi (Formerly Capricorn DIgital Limited) is committed to maintaining and improving information security and business continuity processes by adopting an integrated management system. This provides a framework or integration of the ISO 27001:2013 and ISO 22301:2019 standards. The company defines our core values for Integrated Management System as follows: • To ensure uninterrupted availability […]
We are thrilled to announce that MFS Africa, the parent company of Baxi, was named Fintech of the Year by African Banker magazine, a feat that truly demonstrates our passion for financial inclusion in Africa. Where did the event hold? The African Banker Awards 2023 Gala ceremony is the most prestigious event on the African […]
Introduction Baxi POS is a point of sale and payment processing solution designed for small businesses to help them streamline their business operations, manage their financials and boost their revenue. In this case study, we’ll take a closer look at how Sade, a small business owner, upscaled her income by implementing Baxi POS. About Sade’s […]
Sade is a small business owner who was struggling to make ends meet. She had been running her own clothing boutique for five years, but her sales had been declining steadily. She tried a number of different POS systems, but none of them were able to help her increase her sales. That is, until she […]
In a bid to improve user experience and higher transaction success rate, Baxi has introduced two new features on the platform named Bank Network Checker to enhance Card withdrawal and transfer success rate. The two functionalities are currently available on POS to help agents better manage their own and their customers’ expectations prior to commencing […]
Are you tired of carrying cash or swiping your card every time you make a purchase? Well, we have good news for you! With Baxi, you can now pay for your purchases via bank transfer. This new feature is not only convenient but also comes with a lot of benefits. In this post, we will […]
In an episode of the Flip Africa podcast, sponsored by MFS Africa, the discussion focused on the African labour market and tech companies’ efforts to address related issues. Our COO, Mxolisi Msutwana, was a guest on the show, providing insights into the acquisition of Baxi by MFS Africa and the opportunities it presents for Nigerians […]
Baxi is pleased to introduce two new features to its range of services – Card to Account Transfer and Cardless Withdrawal. These new features are designed to make transactions even more convenient and accessible for our customers. Card to Account Transfer Card to Account Transfer is a new service that enables customers to transfer money […]
Agent banking, also known as agency banking, is a form of financial service provision that allows banks to offer financial services through third-party agents. This model is rapidly gaining popularity in Nigeria, where it is being used to extend financial services to previously underserved communities. Agent banking has become an important tool for promoting financial […]