Payuna seeks to deliver real-time payments software solutions that enable corporations to process and manage digital payments, power e-commerce payments, present and process bill payments, and manage fraud and risk.
Generally, one of the greatest difficulties of online shops is an undeniable degree of fraud chargebacks. In crypto payments, chargebacks are impractical as exchanges in blockchain are irreversible, and just the holder of the cryptocurrency can execute an exchange utilizing a private key.
Tailored to Africa using Nigeria as a case study, it is near impossible to make payment for huge purchases on online stores outside Nigeria with debit capped at $100 and ever occurring government regulations stifling business that depends on making purchases outside Nigeria. This business is more than 100,000 and transactions of more than ₦5,000,000,000 are being done daily.
The payment gateways for fiat money have really high transaction fees, of which merchants and vendors adopting Payuna will mean much more reduced expenses given the nature of crypto.