Nearpays, the fintech platform founded by Victor Daniyan, is transforming how small businesses across Africa accept payments by introducing AI-powered Soft POS and contactless payment solutions. The platform allows merchants to process transactions with the speed and reliability of traditional POS terminals, without the need for bulky hardware.
Speaking about the motivation behind Nearpays, Daniyan, a Forbes 30 Under 30 nominee and Certified Management Consultant, said that entrepreneurship for him is not just about profit.
“Entrepreneurship isn’t just about chasing financial success; it’s about creating opportunities for others. It’s about building something bigger than yourself, providing jobs, driving nation-building, and leaving a lasting impact,” he explained. “When you create a business, you craft a vehicle for growth, for people, and for impact that outlives you.”
Nearpays leverages advanced encryption, secure tokenisation, and cloud-based infrastructure to ensure that transactions are processed safely and efficiently. Merchants can download the Nearpays app on their smartphones or tablets and start accepting payments instantly, eliminating the need for expensive POS terminals.
Security remains a priority for the platform. To mitigate risks associated with smartphone-based payments, Nearpays has implemented a real-time firewall system in collaboration with Microsoft technologies and powered by Azure Sentinel.
Additional in-house security features restrict screen capture, screen recording, and the simultaneous use of other applications while the Soft POS is in operation. Daniyan emphasised that all card information is processed through partnerships with Visa and Cybersource, ensuring that Nearpays does not store any users’ card details.
Nearpays noted that focusing on small and medium-sized enterprises is central to its growth strategy. “SMEs are the backbone of Africa’s economy, driving innovation, employment, and economic growth. By catering to their unique needs, we tap into a vast, underserved market,” Daniyan said.
“Our SME-focused approach enables us to provide tailored solutions, flexible pricing, and personalised support, empowering these businesses to thrive. By solving their payment challenges, we’re not only expanding our reach but also contributing to Africa’s economic development and financial inclusion.”
Recognition like Forbes 30 Under 30 has amplified Daniyan’s sense of responsibility. “It’s not just about personal achievement anymore; it’s about representing the team, our mission, and the community that believes in us. These accolades come with higher expectations, but they also fuel our drive to push boundaries,” he said.
Nearpays also plays a role in Africa’s clean energy transition, with Daniyan highlighting the potential for fintech to accelerate electric vehicle adoption through flexible payment plans, pay-as-you-go models, and innovative financing options.
“With Nearpays’ mobile payment solutions, users can seamlessly pay for EV charging, reducing range anxiety and promoting widespread adoption,” he added.
For Daniyan, seeing small business owners succeed through simple app transactions remains deeply rewarding. “It’s truly humbling. Their growth is a testament to the power of inclusive tech. We’re not just processing transactions; we’re enabling dreams and uplifting communities,” he said.
Looking ahead, Daniyan foresees artificial intelligence becoming central to integrating fintech payment systems with Africa’s energy infrastructure.
“By leveraging AI-driven analytics, we’ll optimise energy distribution, predict payment patterns, and enable seamless transactions for energy access. Smart energy meters will automatically trigger payments via Nearpays, while AI-powered credit scoring will facilitate pay-as-you-go energy solutions, bridging the energy gap for underserved communities,” he explained.
“This synergy will unlock new opportunities for financial inclusion, energy efficiency, and sustainable growth, ultimately transforming Africa’s energy landscape.”
