SERVICE

Pesapal launches smart POS for merchants in East Africa

This will improve the in-store experience for customers and help merchants efficiently accept payments

In Summary
  • The machine will enable merchants to improve their business workflow by integrating everyday tools with payment processing.
  • Functionalities such as accounting, reporting and analytics, inventory management, and generating email receipts will be done on the POS terminal.
Pesapal Chief Executive Officer Mark Mwongela
Pesapal Chief Executive Officer Mark Mwongela
Image: Courtesy

Pesapal has launched a smart POS machine that is set to improve the in-store experience for customers and help merchants efficiently accept payments and manage their inventory.

The machine will enable merchants to improve their business workflow by integrating everyday tools with payment processing.

Functionalities such as accounting, reporting and analytics, inventory management, and generating email receipts will be done on the (Point of Sale)POS terminal.

The growth of payment technologies has resulted in a number of payment form factors that have transformed the way consumers pay.

While this accelerates financial inclusion, it poses a challenge to businesses managing multiple payment devices, said Pesapal CEO Mark Mwongela, during the pilot launch of the device in Nairobi.

“The software integration capability on our smart POS gives us an untapped opportunity to partner with key players in the payments ecosystem to find ways to offer additional value and improve business operations,” Mwongela said.

The counter-top, smart terminal runs on the Android Operating System (OS) and accepts VISA, mVISA, Mastercard and MPESA payments.

It combines the functional flair of a mobile device and the latest payment technology into one single tool, making it extremely easy to use.

Pesapal Technical Director Fred Mwangima said the Pesapal Sabi smart POS terminal capabilities go far beyond payment processing.

The terminal can interface smoothly with other pre-installed software, ultimately aiding in the overall running of an entire business.

“The operational ability of the Android OS is huge because it enables our merchants to connect to third-party apps. A merchant will not only take payments in multiple forms but can also manage business functions such as customer loyalty management on the smart terminal,” said Mwangima noted.

The Central Bank of Kenya recently authorised Pesapal Kenya to act as a Payment Service Provider.

Founded in 2009, the digital payments company has over the years expanded its operations into Kenya, Uganda, Tanzania, Rwanda, Malawi, and Zimbabwe, as it seeks to become leading Payment Service Provider offering digital financial services for individuals and businesses.