General Questions Q1: What is KYC? A: KYC stands for Know Your Customer, a process used to verify the identity of customers to ensure they are legitimate and to prevent fraud and money laundering. Q2: Why has Baxi implemented a new KYC process? A: Baxi has implemented a new KYC process to enhance security, protect […]
In today’s digital landscape, scammers are becoming increasingly sophisticated in their attempts to deceive individuals and steal sensitive personal information. At Baxi, we’re committed to your safety, and in this comprehensive guide, we’ll equip you with the knowledge to identify and protect yourself from phishing messages and calls. Recognizing Phishing Messages and Calls Unsolicited Communications […]
Point of Sale or POS device, including the Baxi POS, have become an integral part of modern businesses, revolutionizing the conduct of transactions. These devices ease smooth, secure, and efficient payments, allowing agents and merchants to process transactions quickly and provide customers with a seamless and reliable payment experience. However, with the increasing use of […]
Experience Hassle-Free Money Transfer and Payments with Baxi’s Revolutionary Service Introduction: In today’s interconnected world, sending money and making payments across borders should be effortless. That’s why Baxi is proud to introduce its groundbreaking Pan-Africa Transfer service, designed to empower individuals and businesses across 19 African countries. With Baxi, you can bid farewell to the […]
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 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 […]
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 […]
What is a POS or point of sale (POS) System? If you have ever purchased something at a store, chances are you have interacted with a point of sale (POS) system. A POS system is a computerized system that enables businesses to complete transactions with their customers. In this blog post, we will explain what […]
The launch of the new naira note was announced by the Central Bank of Nigeria on October 26, 2022, in an effort to boost the economy and combat the financing of terrorism and monetary fraud. All of the characteristics of the new NGN200, NGN500, and NGN1000 banknotes were kept, with the exception of their colors […]