Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya.
The solution, dubbed Tumatap, will enable Micro, Small, and Medium Enterprises (MSMEs) to accept contactless payments on smartphones, thus transforming the devices into point-of-sale (POS) systems without the need for additional hardware.
The real-time data collected from transactions will also provide valuable insights, enabling merchants to monitor customer behaviour and optimize their business performance, reduce transaction costs, and enhance operational efficiencies.
“This partnership allows us to leverage each other’s technological and operational expertise to deliver an enhanced payment experience for business owners and customers. At Interswitch, we are dedicated to building a more financially inclusive ecosystem, and this collaboration reinforces that commitment. Together, we are reshaping the payment landscape in the market,” Interswitch Regional Managing Director Peter Kawumi, stated.
“By combining our innovative contactless merchant acquiring soft POS technology with Interswitch’s robust switching and card processing capabilities, we are equipping merchants with a powerful tool to enhance their payment processes and grow their businesses.
“We are excited about the potential of this collaboration to drive financial inclusion and empower small businesses across the country,” Tuma Inc Co-Founder and Chief Commercial Officer at Tuma Inc Wesley Masinde said.
Interswitch is one of Africa’s largest electronic payments and infrastructure companies. The fintech powers much of the rails for Nigeria’s online banking system and is well-known for its point-of-sale terminals, online consumer payment platforms, Quickteller, and Verve, the biggest domestic debit card scheme in Africa, issuing over 35 million active cards since launch.
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