Visa has launched a new mobile point-of-sales (mPOS) device, with the goal being to make it easier and cheaper for smaller and medium-sized enterprises (SMEs) to accept card payments.
The plug-and-play mPOS device is slotted on to a mobile phone, enabling business owners to accept debit and credit card payments immediately.
Once the mPOS application is downloaded and the device is registered with a local bank, it is ready for use. The device is used in a growing number of countries worldwide and will benefit South Africa’s thriving travel and tourism sector, which generated a total contribution of R315.4bn, or 9.8% of the GDP in 2012, according to a report by the World Travel and Tourism Council, along with creating 1.3 million jobs.
Absa, Nedbank and independent payments provider Paycorp Holdings, offer the mPOS device
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