Mobile Financial Products

mPOS: mobile point of sale

Compared with traditional point-of-sale systems, mPOS uses the mobile network instead of a fixed line, which greatly reduces both the time and the cost of setup. The phone itself becomes the point of sale for the shop: connect our custom Bluetooth card reader and you are ready to receive payments.

Connectivity

Mobile network, no fixed line required

Hardware

Custom Bluetooth card reader paired to the phone

Benefits to merchants and retailers

The commercial case is setup cost and reach: acceptance can be added to a business, a market stall or a delivery round without provisioning a terminal or a line.

• Dramatically lower setup time and cost than a fixed terminal
• Accept cards anywhere the mobile network reaches, including in the field
• Commodity hardware: the merchant's own phone or tablet
• Reconciliation reporting that matches the merchant's own books

Benefits to consumers

For the cardholder the gain is simply that card payment becomes possible in places it previously was not, without giving the card up to a back office.

• Card acceptance at businesses that previously took cash only
• Payment completed in front of the customer, card never leaves their sight
• Immediate digital receipt

Benefits to service providers

For an acquirer or a service provider, mPOS extends the merchant base into segments that were uneconomic to serve with terminal hardware.

• Reaches merchant segments that fixed terminals cannot serve economically
• Lower cost of merchant acquisition and deployment
• Central merchant onboarding, roles and monitoring

Digital wallet

Stored value, transfers and merchant payments, built to the compliance and reporting expectations of a regulated market.