Endow Technologies Limited says its new payment platform, Endowpay, has processed over ₦5 million in transactions within two weeks of its alpha testing phase, as the company prepares for a wider rollout through its mobile applications.
The Abuja-based technology firm launched the web-only alpha in September, attracting more than 2,000 early users who trialled a limited version of the service. The company described the results as evidence of the need for more dependable digital payment systems in Nigeria, where failed transfers and hidden charges remain common complaints.
Dr Okunola Orogun, Chief Executive Officer of Endow Technologies, explained the company’s approach: “Our goal from day one has been to give Nigerians a payment platform that simply works, even in the toughest conditions. We wanted to eliminate failed transfers and create a system people can trust every single time.”
The alpha version was powered by what the company calls its agentic artificial intelligence, a system that monitors transactions in real time, predicts potential failures and reroutes payments before they collapse. According to the firm, this has helped reduce failed bills and incomplete wallet funding, creating greater confidence among testers.
“To see over 2,000 people process millions of naira in just two weeks shows that there is a real hunger for a platform built with Nigerians in mind,” Dr Orogun said. “This is just the beginning, and the feedback has been invaluable.”
The company emphasised that Endowpay was designed specifically for Nigeria’s infrastructure challenges, including erratic power supply and poor connectivity. Its AI assistant, which will become more prominent in the beta stage, will function in both English and Pidgin, and will handle tasks such as subscription management, recurring payments and retrieving receipts.
The Naira-denominated transactions processed during the alpha represented only a fraction of the platform’s planned features. Mobile applications for iOS and Android will be introduced in the beta phase, alongside tools for subscription management and deeper analytics that allow users to track spending patterns.
Further along its roadmap, Endowpay plans to add micro-savings and short-term credit features, using its AI to help users set aside money and access financial support.
Dr Orogun described the long-term ambition: “We see Endowpay as more than a payments app. It is a financial partner that adapts to your needs, grows with you and ensures your money is always working in your favour.”
The Nigerian fintech market has seen billions of transactions processed annually, but user frustration with failed or delayed payments has persisted. Endow Technologies argues that its product differs from competitors by building resilience into its core systems rather than layering support onto foreign templates.
The company said its developers, engineers and designers are all Nigerians, and that this has allowed it to pay closer attention to local realities. Among the planned updates is the ability to pay neighbourhood vendors directly, a feature aimed at expanding digital finance beyond urban and high-income users.
With the beta launch expected in the coming weeks, Endowpay is positioning itself as a challenger in Nigeria’s crowded payments market. Its future success, the company says, will rest on whether it can scale while preserving the reliability that early adopters have praised.