Cash Pay Advance

Just over a month ago, the British technology firm, Business Phone, launched a mobile payment terminal that enables debit and credit card holders to transfer money. The Sh40,000 hybrid gadget, dubbed Biashara Phone, acts both as a point of sales terminal and as normal mobile phone giving merchants access to a more portable option for card payments. A hand-held, wireless payment device, Biashara phone is targeted at merchants who do business on the move, such as household contractors, taxi drivers and mobile sales forces. After South Africa, Kenya is the fastest growing credit card market in Africa," said Mr Mohamed Jeneby, Managing Director of Swift Global Kenya Limited, the locally appointed distributors of the new phone. The device is expected to provide the security and functionality of a traditional point of sale (POS) terminal, merged with the convenience and flexibility of a mobile phone. New products, such as the Biashara Phone, are expected to resolve the shortage of merchants as it will allow more individuals and smaller merchants to own a POS System that is fully mobile. Find Out More

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