Visa introduces mobile payment device

Visa has introduced its new mobile point-of-sales (mPOS) device, making it easier and more cost efficient for smaller and medium enterprises to accept card payments.

Using a ‘plug-and-play’ approach, the mPOS device can simply be slotted on to a mobile phone, enabling business owners to accept debit and credit card payments immediately.

Once the mPOS application is downloaded and the device is registered with a local bank, it is ready for use, transforming a mobile phone into a payment device.
Previn Pillay, head of acceptance for Visa sub-Saharan Africa said: “By leveraging mobile phones, which are at almost everyone’s disposal, the mPOS device makes it possible for small businesses to reap the benefits of electronic payments, such as increased sales and convenience, and to avoid all the risks associated with managing cash.

“It also allows them the option of offering their clients another payment method and an assurance that all transactions will go through securely and instantly.”