Manny Ita —
Transactworld Digital Services has announced the launch of its new payment infrastructure, Transactpay Ultra, a system designed to deliver instant, round-the-clock settlement of merchant funds and eliminate the persistent delays experienced during public holidays and weekends in Nigeria.
The development follows a recent liquidity crunch triggered by the Eid al-Fitr holidays, during which many Nigerian businesses reportedly waited up to five days to access revenue due to banking and fintech settlement limitations. The disruption effectively extended the standard next-day (T+1) settlement cycle to as long as T+5, leaving merchants unable to restock inventory or meet financial obligations.
Transactpay Ultra is engineered to provide T+0 settlement, enabling businesses to receive payments instantly regardless of weekends, public holidays, or time of day. According to the company, the platform operates continuously, 24 hours a day and 365 days a year, bypassing traditional banking cycles that typically delay fund availability during non-working days.
Chief Executive Officer Ernest Obi stated that the product was built to address structural inefficiencies in Nigeria’s payment ecosystem, particularly the “weekend float” system where funds remain in transit while processors potentially earn interest. He emphasized that businesses generating revenue outside standard banking hours should not be subjected to delayed access to their earnings.
The platform is positioned as a premium service targeted at high-volume enterprises, including global software providers, gaming aggregators, and large-scale local merchants. It features dedicated transaction infrastructure aimed at ensuring near-total uptime, as well as specialized risk management support to handle disputes and chargebacks. Additional offerings include priority customer support and customized onboarding for complex enterprise systems.
The timing of the launch is also strategic, coming ahead of the Good Friday and Easter holiday period, when financial institutions traditionally suspend settlement operations. Industry observers note that such closures often create a “settlement gap,” during which businesses face cash flow constraints despite ongoing sales.
Transactworld Digital maintains that its new system is designed to support an increasingly “always-on” digital economy, where commercial activity continues uninterrupted across all days. However, access to Transactpay Ultra will be limited, as the company confirmed it will operate on an invitation-only basis for selected high-volume merchants during its initial rollout phase.
The company, known for providing payment solutions across Africa through its flagship Transactpay platform, aims to position this new offering as a critical tool for businesses seeking operational stability and uninterrupted cash flow in Nigeria’s evolving fintech landscape.
