Electronic payment pioneer, Global Accelerex, has enriched the payment technologies landscape with the recent unveiling of rock-solid point-of-sale (POS) terminal, Nexgo G2. The vibrant ceremony heralding the launch of this revolutionary product came alive at the POS Innovation Summit, hosted in Lagos, with tech geeks, industry insiders and curious enthusiasts gathered to be part of this historic event.
The majestic Managing Director of Global Accelerex, Mr. Tunde Ogungbade, illuminated the features of the Nexgo G2 during his speech at the event. He eloquently expressed how this new device ranges beyond portable to durable, efficient, and swiftly operational. Moreover, it’s a highly competitive player in the POS market, with its perfect blend of high-quality features and affordability challenging the existing mobile POS (mPOS) systems.
The traditional POS system, despite falling short in the convenience of mobility, boasts of a more integrated framework supporting customer information storage, sales accounting, and inventory reporting. It also has excellent customer-friendly features such as the ability to print receipts easily. As Mr. Ogungbade noted, the traditional POS is far from becoming obsolete – if it isn’t broken, then no need to fix it!
In Mr. Ogungbade’s words, “At a cost structure lower than an mPOS, it is almost amazing why any merchant would want to fiddle with two devices instead of banking on one.”
The issue of cybersecurity is one every business owner holds dear. Internet-enabled mPOS systems can be susceptible to breaches due to WiFi connectivity, offering hackers a playground to play their dirty tricks. On the contrary, POS systems connect through direct lines, making it arduously difficult for hackers to infiltrate. The risk increases with the ease of physical stealing of mPOS systems, which can result in a disastrous loss of sensitive customer information. In this perspective, Nexgo G2’s hardiness offers a solution.
Global Accelerex’s Chief Operations Officer, Mr. Kayode Ariyo, confirms that the Nexgo G2 is teeming with advanced features, including Near Field Communication (NFC), is PCI 4x, EMV, PBOC, Master card PayPass, and Visa PayWave certified. In his words: “The G2 offers a rich high-resolution 2.4-inch color display and can comfortably fit into a merchant’s pocket, making it an ideal choice for revenue collections, retail payments, utility bill payments, distributor field sales, as well as agent banking.”
This is a timely innovation for businesses and faith-based organizations eager to minimize cash handling. Educational institutions, petrol stations, and religious centers can leverage the Nexgo G2 to streamline payments and inventory management. Schools can employ the device to ease payment of uniforms, tuition fees, along with other expense payments instead of the traditional banking hall queues.
Truly, life can be far less hassling, and we can significantly reduce risks by harnessing the power of evolving technology. In this case, the Nexgo G2 promises just that; an easy, safe and efficient payment processing solution for all.
[This article was updated in 2025 to reflect modern realities]
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