Mobile payment, and specifically its acceptance in face-to-face retail, is fast becoming a reality. The imminent (2018) deployment of Masterpass and mVisa in SA and other African markets, will rapidly create awareness from cardholders with the associated demand for such services.
These services come with benefits to the merchant as well, such as: real-time settlement, possible reductions in acquiring costs, and a reduction in PCI risk.
Key to the successful introduction of these services is a seamless implementation, supported by a transaction based reconciliation capability.
Building on Innervation's current support for mPesa in Kenya, Innervation will support mobile payments by making the service available for integration to POS in September 2018.