Cashless transactions have improved the efficacy of business transactions for consumers and merchants. Nedbank has introduced a device for the benefit of a variety of clients such as roaming merchants with no fixed residential facilities, delivery and courier services, seasonal and weekend traders, businesses without access to a fixed data point or telephone, direct sales organizations, etc. The Nedbank Pocketpos is a solution designed to enable merchants to accept debit and credit card payments through smart phones or tablets. The innovative feature is Nedbank’s first “chip and pin” certified mobile point of sale solution in South Africa. It’s also available in portable or fixed solutions.
Nedbank PocketPos’ unique features include full mobility, excellent sub-par security features that meet industry standards, reduced administration due to built-in reconciliation and transaction history, cost-effectiveness by saving 50% on traditional card acceptance costs, connection through Bluetooth to smartphones and tablets. There is also a choice between 2 devices. The first device sends digital receipts to captured email addresses and the second one provides the ability to print out a physical receipt. Nedbank’s Pocketpos allows acceptance of all major “chip and Pin” credit and debit cards (including American Express, MasterCard and Visa.)
The device is small, light and easy to carry with easy installation on any smart device. The cost is not exorbitant, as clients who have signed up receive the device for free. It facilitates easy off-the-shelf banking and reduces possible payment delays. With Nedbank PocketPos, individual clients and merchants are offered user-friendly services which ease the hassles of transactions. This innovative technological advancement introduced by Nedbank is facilitating smooth transactions for the South African market.