Nexxo is a global leader in financial technology solutions for small businesses in emerging markets, with innovative products in payroll, payment gateway, wages protection system (WPS), point of sale (POS) devices and e-commerce. Experts in FinTech all over the world have made Nexxo their trusted partner especially SMEs for all their financial technology needs. Nexxo is a global network on FinTech brands across the world, serving small business in emerging markets, empowering them to grow with best-in-class products, tools and services.
With a solution that addresses a highly under-serviced and under-banked market, NEXXO developed a complete payment gateway system for e-commerce, offering everything a small business needs in order to go cashless. In this mix, blockchain technology is leveraged as a way to verify the customer’s activity in regard to lowering the risk when offering higher risk products, such as loans, and services that is rarely given to small-sized companies by commercial banks.
NEXXO has been in operation since 2014, currently counting more than 95 employees across Singapore, Cyprus, UAE, India, Pakistan, and Qatar where QPAY, the fastest growing fintech company in the Middle East, is located. NEXXO is the majority shareholder of QPAY, acting as their pilot market which proved itself a success with more than 300,000 bank cards (MasterCard branded) issued for more than 15,000 small businesses. Given the fact that the 2022 FIFA World Cup will be held in Qatar, these numbers are expected to rise significantly over the coming years. But NEXXO already announced its plans to continue its expansion into Vietnam, Pakistan, India, Egypt, and China.
The NEXXO bank-card platform is powered by IBM’s Hyperledger blockchain, so it’s based on private blockchains. This leads to privacy issues as well as centralization concerns. Anyway, the NEXXO team assured its customers that they won’t allow any government to access their internal data, nor allow a foreign entity to monitor internal transactions. There is also a reason for their choice: to fully comply with KYC (know your customer), AML (anti-money laundering), ATF (anti-terrorist funding), and OFAC (US Treasury Office of Foreign Assets Control) regulatory laws imposed by the local central bank, government, ministries, or law enforcement entities with whom they need to interact.
Product of NEXXO
Grow your business and start accepting card payment such as Mastercard, Visa, American Express and more. The Nexxo Point of Sale operating system has apps that help you manage every area of your business, such as inventory management, customer directories, digital receipts and much more.
Stay in compliant with government labor laws and be in control by track all employees salaries, and payments, efficiently with a tap of button.
Pay your employees with a Mastercard-powered card. With the IBAN connected bank card, you empower your employees to receive their salaries directly, where they can use it at ATMs, in-store, online and beyond.
Expand your business and get your products and service out there for millions of customers to see, with the Nexxo payment gateway.
Maximize your profit with The Nexxo E-Billing solution, an easy integration with a secure payment gateways, recurring billing and mobile SDKs.
The Man Behind NEXXO's Success
Mr Nebil Ben Aissa
CEO/Investor at NEXXO NETWORK; QPAY; PKNET, VIETPAY
Mr. Nebil Ben Aissa has more than 20 years in starting, operating, growing, buying, selling and investing in companies specializing in Fintech, blockchain, electronic payments, electronic banking, mobile payments and e-commerce. He started his first company in 1997, then went on to build and grow several disruptive Fintech companies while delivering exponential shareholder growth. Currently, he is the CEO of NEXXO, a global Network of Electronic payment companies operating in the Middle East, India, Pakistan, Singapore, Eurozone and Asia. He is also, an investor in various fintech startups and Payment Service Providers; and is the largest investor and shareholder of QPAY, top three largest Fintech Payment processing companies in the Middle East.
At Nexxo, Mr. Ben Aissa is investing heavily in the Blockchain space; and is financing several innovative blockchain-powered Fintech companies that are licensed, and fully compliant with international laws, as well as local banking and Central bank rules and regulations. Raised and educated in the US Midwest, he has triple Master Degrees in Electrical, Computer Engineering and Computer Sciences (University of Wisconsin Madison); and an MBA from Kellogg School of Business in Chicago. He is an innovator and a disruptor, with more than eleven (11) registered patent inventions in Fintech, Artificial Intelligence and related technical fields. He speaks 6 languages. In his earlier days, he was an international competitive swimmer. He held National and International swimming records. He is still an active swimmer and water polo player.