Barclays Bank Kenya has launched a next-generation, mobile card payment solution which will see its customers pay for low value transactions.
The Barclays Mobile Point of Sale (MPOS) is a small phone-like GPRS device that accepts all VISA, MasterCard and AMEX cards as a payment option on the go.
MPOS is designed as an ideal platform for making card payments for home deliveries, transportation, entertainment spots among others.
All transactions processed through MPOS terminal follow the same transactional and payment flows as that of the traditional POS system.
Speaking during the product launch, Barclays Bank Kenya, Managing director, Jeremy Awori said the device is designed to address the growing demand for innovative payment solutions.
“We are proud to be the first financial institution in East Africa to rollout the MPOS card payment solution. I strongly believe that there exists enough room in the mobile card payment space for competitors to emerge and gain a competitive advantage,” said Awori.
The lender has partnered with Pewin taxi Cab Company to rollout the solution to its customers on a pilot project and is also in the process of forming partnerships with other firms.
“MPOS will enable businesses that previously operated on a cash only basis to increase their sales and expand their customer base by enhancing their payment solutions,” he said.
“Payments through MPOS conform to the International Data Security Standards adopted by major card schemes including Visa, MasterCard and American Express.”
1,452 total views, 0 views today