Nedbank, one of South Africa’s top retail banks has uncovered a mobile point-of-sale solution aimed at small and medium businesses, dubbed PocketPOS. this innovative technology permits users to process credit and debit transactions through Bluetooth on a smartphone,
Nedbank’s group managing executive of Nedbank retail and business banking, Ingrid Johnson, says the PocketPOS is one of several innovations the bank plans to rollout for SMEs this year”
“PocketPOS is a first in South Africa and the only mobile POS device in Africa and the Middle East using ‘CHIP & PIN’ technology, which has been certified by MasterCard, Visa and American Express, with all the security usually included in a standard POS device,” explained Sydney Gericke, Managing Executive of Card and Payment at Nedbank.
Ingrid further states: “Small to medium-sized businesses are important to Nedbank, which is why we are delighted to introduce a solution that talks to the heart of any business operation: receiving payments in a safe, convenient, mobile and cost-effective way, as an alternative to cash.”
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