Onome Amuge
Ope Adeoye, CEO of OnePipe
OnePipe, an indigenous technology firm specialised in embedded financial services within various business sectors, has launched PaywithAccount, a direct-from-account payment solution, designed to help businesses automate and simplify collections, aimed at reducing delays and improving cash flow predictability. With PaywithAccount, businesses are now enabled to collect payments directly from customer bank accounts—securely and automatically—without the need for cards, manual reminders, or complex reconciliations. The latest innovation is set to address financial transaction challenges that have for a long time, affected operations of many businesses across Africa’s most populous country. For many Nigerian small business owners, cash flow isn’t just a challenge. It is considered a constant battle with issues including; schools struggling with delayed tuition payments, logistics firms dealing with inconsistent driver remittances, cooperatives managing member contributions, and the unpredictable and time-consuming processes of collecting payments across many business sectors. In fact, a study by PwC revealed that 48 percent of Nigerian Micro, Small, and Medium Enterprises (MSMEs) have experienced delayed payments due to different reasons, with 33 percent of affected businesses reporting severe consequences. The report also observed that traditional systems often involve manual invoicing, repeated follow-ups, and high transaction fees, leaving business owners with less time to focus on growing their operations. For entrepreneurs across Nigeria, the ability to receive payments on time means the difference between survival and growth, creating the need for the PaywithAccount innovation introduced by OnePipe. With PaywithAccount, small businesses across Nigeria can now eliminate the stress of late payments, automate their collections, and take full control of their financial future. Commenting on the initiative, Olumide Ashade, founder of King’s Court School in Lagos, stated: "As a school owner, I want to focus on my students, not spend hours tracking unpaid fees.
“Many of our parents pay in installments, but managing these payments manually has been stressful. A solution like PaywithAccount means we can offer flexibility to parents while keeping our finances in order."
Adedeji Olowe, founder, Lendsqr, a fintech company specialising in Lending-as-a-Service (LaaS) solutions, remarked: “Reliable repayment is the backbone of growth for lenders. At Lendsqr, we understand that payment delays are a significant problem for lenders.
We have helped many of our lenders transition from debit cards to PaywithAccount which reliably ensures loan repayments are on schedule."
Ngover Ihyembe-Nwankwo, Executive Director of Nigeria Inter-Bank Settlement Systems PLC (NIBSS), also lauded the PaywithAccount innovation.
According to Ihyembe-Nwankwo, “At NIBSS, our core vision is to empower the financial ecosystem to innovate within the framework of interoperability, ease of connectivity, collaboration, and cost-optimisation.
“PaywithAccount is another heartening example of what happens when industry players leverage these guardrails to enhance the overall quality of our nation’s digital payment system.”
Ope Adeoye, CEO of OnePipe, described the initiative as a commitment to empowering Nigerian businesses. He acknowledged that small businesses are the backbone of the Nigerian economy, but pointed out that too many of these businesses struggle simply because getting paid is a challenge.
"We believe financial technology should remove obstacles, not create them. PaywithAccount helps businesses worry less about collections so they can focus on what truly matters—growth, innovation, and serving their customers," he added.