As Kenya continues to push the value of paperless money transfer and mobile money services, MasterCard and Equity Bank have joined forces to launch Mobile Point of Sale (MPOS) technology.
“MasterCard and Equity Bank have partnered with Ezetap, a MPOS provider, to introduce the service,” the companies said in a joint press release.
“This initial MPOS pilot project, which was first announced in January as part of the strategic alliance between Equity Bank and MasterCard to issue 5 million payment cards, will be targeted at selected merchant retail outlets,” it added.
The move should give Equity Bank the necessary data to implement a more in-depth countrywide roll-out of the Ezetap MPOS system. The overall goal is to continue to deliver new offerings to Kenyans who want to go cashless on a daily basis.
“The Ezetap system has been operational in India for several months. It consists of a lightweight and robust device that can be plugged into smartphones and tablets for small businesses to accept card payments,” they added, highlighting the effectiveness of the Indian system.
The roll-out is compliant with global security standards including the Payment Card Industry Data Security Standard (PCIDSS) and the Payment Application Data Security Standard (PADSS).