Sabi Market – Powering SME Growth with a Seamless Wallet

Bolu

Bolu Obisanya

Project Overview

Client Name: Sabi Market Industry: B2B eCommerce & Fintech Objective: Build a secure, scalable Wallet (Payment Account) that improves payment reliability, simplifies refunds, and enables SME users to access financial tools like loans, transfers, and POS tracking. Scope: Discovery, UX Research, Prototyping, Visual & Product Design (Figma), Iteration with LRC & Engineering

The Challenge

Sabi’s existing payment stack couldn’t keep up with the platform’s rapid growth. We needed to reimagine payments as a first-class product experience to:
Support large B2B FMCG transactions with regulatory constraints.
Enable fast, automated refunds to restore buyer trust.
Reduce the 3+ hours/day of manual reconciliation for sellers.
Offer an inclusive experience that worked for both formal and informal SMEs.

Key Pain Points

Refund failures & regulatory limits: CBN transaction caps and refund delays eroded user confidence.
Fragmented buyer experience: Multiple payment options with no escrow or split-payment logic.
Manual seller reconciliation: Growing operational complexity delayed payouts and caused support issues.
Financial exclusion: ~70% of Sabi’s retailers lacked formal business registrations, complicating KYC compliance.

The Solution

Research & Discovery
Conducted interviews and in-field observations with:
Retailers in informal markets: Open to wallet adoption if refunds were secure and instant.
Wholesalers & distributors: Needed transparency on payouts and balances.
Internal teams: Revealed operational bottlenecks around refunds and reconciliations.
Mapped user journeys across buyers, sellers, and internal ops to design flows that reduced friction for all.
Design Principles
Trust Through Clarity: Clear balances, limits, and refund visibility at all times.
One Wallet, Many Possibilities: Unified across checkout, refunds, and withdrawals.
Tiered Simplicity: Support both formal and informal SMEs with progressive verification steps.
Core Wallet Experience (Figma)
Progressive Verification Framework:
Step 1: Basic identity collection during onboarding.
Step 2: BVN/NIN verification with built-in lookup assistance.
Step 3: Photo verification with liveness detection.
Step 4: Additional docs for higher tiers.
Tiered Account Structure:
Tier 1 (₦50,000): Essential transfers and basic payments.
Tier 2 (₦200,000+): Advanced payments with partial refund capabilities.
Tier 3 (₦1,000,000+): Premium access with bulk payments and credit facilities.
Core Functionalities:
Account Dashboard: Unified view of balances, escrowed funds, and quick actions.
Transaction History: Searchable and filterable for better transparency.
Withdrawal Setup: Simplified linking to external accounts.
Transaction PIN: Multi-layered security for high-value transactions.
Add Money: Flexible funding via transfers, QR, and more.
Withdraw Money: Transparent and predictable flows for cashing out.
Checkout Integration:
Embedded wallet payment directly into checkout.
One-click payment from available balance.
Smart routing between personal and business accounts.
Automatic fallback to external payment methods when needed.
Like this project

Posted Sep 30, 2025

Redesigned Sabi Market’s payment account feature to create a more seamless, secure payment account experience for Africa’s wholesale and retail supply chain.