The move comes amid a period of economic difficulty in the country, and a need for innovation to stimulate small business growth.
The fintech company’s entry into the tap-on-phone market was developed in South Africa, giving it a grounded understanding of the pain points and aspirations of local businesspeople. iK Tap on Phone allows South Africa’s business owners to process real-time card payments on their smartphones with only a tap of any activated NFC-enabled device. This nifty feature on the freecould help small businesses and aspiring solopreneurs increase revenues and profit margins.
More established businesses such as retail stores and restaurants can also benefit from tap-on-phone technology. Portability, especially for deliveries, is one key element of the tap-on-phone experience.
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