Ovaloop, a Nigerian retail technology company, has partnered with Fidelity Bank to launch ‘Pay Protect’, a solution designed to combat payment diversion and internal theft for merchants. The platform, which serves as an operating system for retailers to manage inventory, sales, and payments, currently processes approximately 4.5 billion naira in transactions monthly. By integrating with Fidelity Bank’s payment infrastructure, Ovaloop aims to enhance financial control and transparency for its growing network of merchants, with plans to expand its reach to over 100,000 retailers across Nigeria.