eTransact delivers First SMS Based PoS in Nigeria

eTranzact Limited, the first award winning multi-application and multi-channel electronic transaction switching and payment processing platform has etched its name in the history book with Nigeria’s  first short message service based point of sale (POS) terminal for mobile payments.
Valentine Obi, managing director, eTranzact, said the device will be deployed at merchant locations from next month.

Obi said that the deployment of the PoS running on USSB access channel is meant to provide alternative platform for consumers making purchase at merchant locations who could not use PoS that accept cards because of network challenges.

It would be recalled that stakeholders in the e-payment space have identified communications link as major challenge in the use and adoption of PoS in the country.

http://www.flukkytom.com/etransact-makes-history-with-first-sms-based-pos/