Absa launches Mobile Pay – no POS hardware required

Absa-banked merchants can now accept card payments directly on their mobile phones, without the need for a point-of-sale (POS) terminal.

Absa Mobile Pay allows merchants to turn their Android phones into a mobile POS device. The bank has rolled out the app with technology firm Wizzit Digital.

The app, which eliminates the need for separate hardware card readers, works with phones that support Android 7 or later and must have near-field communication (NFC) enabled.

Faisal Mkhize, managing executive for relationship banking at Absa Retail and Business Bank, said all merchants need to do is enter the amount due into their Android smartphone or tablet, and the customer can pay for the product or service by tapping their contactless debit or credit card on the device.

“The app will accept card payments below R500 without the need for a Pin, but for added security a Pin is needed for transactions of R500 or more. There is no limit to transactions and the shopper’s normal card payment limits will apply,” Mkhize said.

The Absa Mobile Pay solution has been certified by both Mastercard and Visa regarding functional, security and branding requirements.  – © 2022 NewsCentral Media

Now read: Tap-to-phone transactions could shake up SA payments space

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