The tool uses a mobile device as a payment acceptance terminal to process debit and credit card transactions. The solution is a cost-effective option to enabling more small and medium-sized enterprises (SMEs) to accept card payments.
Company officials have states that they observed that the consumer market, dominated by the Millennials and Gen-Y, is expecting more accessible financial services, hence this being one of their efforts to ramp up the next wave of digital initiatives for merchants and customers.
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