No More Network Failure: Bluetooth-Enabled PoS Launches in Kenya, Set to Enter Nigeria, Others
- Interswitch has partnered with Vienna Payment Solutions to launch a Bluetooth-enabled mobile money payment for merchants and customers
- The innovative solution comprises two distinct applications: a consumer app and a merchant app, which can be found on Interswitch's platform
- The service is also expected to facilitate payment in different sectors, including the banking, hospitality industry, and others
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
Interswitch, in partnership with Vienna Payment Solutions (VIPASO), has launched an innovative solution to facilitate payment in the banking, hospitality industry, financial institutions, and others.
Source: Getty Images
The solution provides an alternative payment method to consumers in situations where the network fails.
It utilizes a Bluetooth low-energy connectivity innovation solution that allows for transactions to be made even when traditional card or mobile phone payments are inconvenient.
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Starting with Kenya, the innovative offering is expected to progressively spread through with regional adoption, according to a Champion News report.
Solution enhances financial inclusion
The VIPASO innovative solution comprises two distinct applications, a consumer app and a merchant app, on Interswitch's platform.
It seamlessly operates between the consumer and merchant smartphones or between the consumers' smartphones and the Android Point of Sale terminal for merchants.
In addition to addressing operational inefficiencies, the solution also aims to enhance financial inclusion in the East African market by achieving an efficient payment solution for businesses and consumers through reliable and accessible offerings.
Romana Rajput, Interswitch Country General Manager for Kenya, said the development is a strategic response to evolving challenges.
In addition to fortifying the security of financial transactions, it also underscores Interswitch's commitment to fostering digitalization and financial inclusion in Kenya.
He said:
“The VIPASO solution reflects Interswitch’s dedication to being a catalyst for industry innovation, adapting to changing trends, and meeting the evolving needs of customers in the pursuit of reliable solutions for financial inclusion.”
Matthias Horvath, Chief Executive Officer at VIPASO, said the solution was created to make Point of Sales (PoS) payments simple, reliable, safe and universal.
It added that the partnership with Interswitch marks significant progress towards achieving this goal.
As a bridge that helps introduce a new degree of comfort and simplicity and reach into the world of point-of-sale payments, the alliance signifies a significant shift in how both companies respond to the market's demands.
Kenya launches 2 smartphones with dual cameras for N100 daily payment, takes on iPhone and Samsung
Legit.ng earlier reported that Kenya has introduced the Neon Smarta and Neon Ultrav, two locally built smartphones with a $50 (N38,807) suggested retail price.
Together with East Africa Device Assembly Kenya Limited (EADAK), the assembly partners Safaricom and Faiba formed a joint venture to produce the smartphones.
The assembly factory, which opened on Monday, October 30, 2023, is anticipated to create 21,000 smartphones per month.
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Source: Legit.ng
