As the local financial technology market matures, SA small business owners can count on affordable payment technology for anyone with a smartphone.
Local fintech leader, iKhokha, has launched an entry into the mobile phone market. iK Click on the phone will see small business owners accepting payments for their products or services using Android smartphones.
The locally developed product combines iKhokha’s trademark low transaction rates with ease of use for local entrepreneurs. This means it is based on the pain points and aspirations of local business people.
The move comes amid a period of economic turmoil in South Africa and the need for innovation to drive small business growth. Products like iK Tap on Phone lower the barriers to entry into the informal economy for citizens who want to take the initiative, from rising fuel prices to record unemployment.
The offer allows both business owners and secondary merchants to accept card payments with no upfront purchase costs card machine. In the long run, this could lead to the democratization of small businesses, with more people taking the courage to start their own businesses.
More established businesses, such as retail stores and restaurants, can also take advantage of telephone technology. Portability, especially for shipping, is one of the key elements of the tap-to-phone experience.
An added bonus is that it can also be used as an additional payment gateway to speed up the movement of queues or power outages.
Another encouraging factor is the current trends in the use of smartphones. Tap-to-phone technology will empower ordinary people to turn smartphone use into something positive that can grow the economy.
iK Tap on Phone allows business owners in South Africa to process Tap & Go card payments on their smartphones with a single tap from any activated NFC-enabled device.
This great feature is free iKhokha application can help small businesses and aspiring sole proprietors increase revenue and profits.
If you want to stay ahead of the competition and surprise your customers with something new, you can try iK Tap on Phone in the free iKhokha app.
Learn more at www.ikokha.co.za.