BreezePay Overview
BreezePay is a Central Bank of Nigeria (CBN)-approved payment platform designed for seamless, secure, and cardless transactions. It empowers customers to make payments across various channels such as Point-of-Sale (POS) terminals, web platforms, and agency banking without the need for physical cards. Transactions are facilitated using a 7-digit payment code generated via channels like mobile apps, internet banking, or USSD.
Key Features
- Eliminates the need for physical cards, enhancing both convenience and security.
- Ensures instant transaction processing, accurate accounting entries, and timely notifications.
- Adheres to the Central Bank of Nigeria's standards for digital payment solutions.
How It Works
Step 1: Code Generation
- Customers generate a 7-digit BreezePay code through mobile banking, internet banking, or USSD platforms.
- The code is linked to a specific transaction amount and has a predefined validity period.
Step 2: Transaction Initiation
- The generated code and amount are entered on platforms such as the web, POS, or agency banking.
- The request is routed to BreezePay for processing.
Step 3: Transaction Completion
- BreezePay processes the transaction passing the necessary accounting entries.
- Notifications are sent to the initiating platform, confirming transaction completion.
Optional Step: Code Expiration or Cancellation
- Codes not used within their validity period automatically expire.
- Customers can cancel unused codes.
Why BreezePay Codes Are Secure
- No Exposure of Sensitive Information: Customers do not need to share their account numbers, card details, or personal data during transactions. The code is the only detail required.
- Restricted Validity: The time-bound nature ensures that even if the code is intercepted, it becomes useless after expiration.
- Transaction-Specific Use: Codes are tied to specific amounts and cannot be altered or reused for other transactions.
