NPP: The new CBDC platform that can power an economy

Funds are significant components that sustain and manage any business globally. The movement of money clearly defines the probable future for that business. However, it is always essential for most merchants to improvise on the mode of payments that will satisfy the consumers.

Business owners still find it challenging to trust digital currencies despite having a clean record based on performance. It is understandable, though, since most virtual currencies are highly volatile. The general idea that the cryptocurrencies are hazardous and that merchants can experience losses is another major challenge.

Nonetheless, the National Payment Platform launch, a recent innovation by Apollo Fintech, sets to revolutionize the payments system. Traditional banks utilized for transactional purposes are still prone to losses, but how does NPP intervene to counter every concern?

An Overview of the Payment Industry

The payment industry is a dynamic system that experiences impressive innovations. It has been a competitive environment moving from the old barter trade system to the current cashless system. Below, we focus on the various forms of payment methods that have been in existence

Cash: a physical mode of payment that has gained a lot of trust over the years. Commonly known as fiat money, money is a preferred payment method that the majority of merchants utilize. Transactions happen instantly, whether it is a large transaction or otherwise. However, it comes with demerits since carrying huge loads of cash can lead to theft or loss.

Cheques: a printed form of payment method that allows banks to pay a specified amount of money from a deposit account. The account indicates instructions on the number of funds transferable to another account. Cheques are somewhat quicker to transfer or withdraw. However, the indication of personal information on cheques can lead to several problems, including identity theft or sending money to the wrong destination.

Mobile Payments: As the term suggests, transactional payments take place through regular mobile devices. Mobile payments mostly operate under financial regulations. Security is one feature that stands out for mobile payments since it eradicates the use of physical wallets. Without good network coverage, it becomes inconvenient to make payments. Furthermore, transaction costs are seemingly high, despite its secure nature.

Credit Cards: another form of payment whereby a banking institution issues cards to cardholders. It usually works based on borrowing funds to pay merchants for rendering their services. Credit cards can be strenuous since the cardholders have to pay back the money with additional interests.

The Underlying Positive Impacts of NPP on Merchants

The National Payment Platform boasts as the only blockchain-based ecosystem that grants users the ability to initiate digital payments with a sovereign currency. The central bank is the prime issuer of the stablecoin. 

Following the issue, central banks or government agencies include commercial banks and agents via NPP. After that, approved financial institutions can add up merchants for transactional purposes, including money, deposits, exchanging currencies, withdrawal of funds, and many more. Merchants are set to benefit from NPP in the following ways:

Online Application: NPP enables an online sign-up field whereby merchants can apply on the platform for easier accessibility and get onboard the most convenient payment system.

Advertisement: the NPP system allows merchants to display and sell their goods. On top of that, they can receive payments directly via the ecosystem.

Flexibility: any merchant can monitor their account details on NPP by using a simple SMS. Other means available for conducting peer-to-peer transactions include QR codes, the app itself, and cards.

Smooth transactions: merchants get to thrive in a system that facilitates frictionless transactions beyond different economies.

 No downtime: the NPP database experiences zero downtimes giving merchants more accessible work when undertaking their trading operations. The database sharding feature gives it the ability to partition the databases into smaller components that are manageable. Therefore, it eliminates any server downtimes.

Quantum-Resistance Encryption of Data: ideally, quantum resistance means that the merchant receives ultimate protection on NPP’s blockchain network. Every fund the merchant owns is secure from possible quantum computer threats.

Deposits and Withdrawals: merchants on the NPP platform can safely keep or withdraw funds from their online wallets. Besides, NPP also supports the sending of money between wallets.


NPP poses as a futuristic payment platform with advanced features. Merchants onboarding the NPP platform have higher chances of succeeding well in the competitive economy. Furthermore, NPP integrates with other cashless projects founded by Apollo Fintech including, Apollo Cash, Apollo Bank Network, among others.

NPP also aims to solve usability and accessibility issues. The availability of agents on physical locations and users’ ability to utilize their top-up cards to sell to retailers solves the accessibility question.

On the other hand, to meet the usability concern, merchants have the chance to conduct digital currency transactions via mobile SMS. Generally, NPP has the vision to provide a bank for the unbanked. Joining hands with the central bank to issue a stablecoin is the first step towards changing the current payment systems.