NAIROBI, Kenya, June 26 – Absa Bank Kenya has partnered with Visa to provide small and medium-sized enterprises (SMEs) with digital payment solutions.
The lender has introduced Absa Mobi Tap Solution, a payment feature that allows small businesses to accept card-based payments from customers’ Android smartphones.
Merchants will be required to download the Mobi Tap app before accepting payments.
“As a digitally-led bank, we are excited to introduce another first-to-market solution that provides merchants with an innovative and cost-effective solution for their day-to-day business,” Elizabeth Wasunna, Absa Bank Business Banking Director said.
“The new solution will enable businesses to accept contactless payments in a faster, easier, and more secure manner, facilitating the adoption of a cashless society for the benefit of all,” she added.
“This is yet another milestone in our journey to provide cutting-edge, tailored solutions to our customers.”
“Along with the ability to accept more payments more easily and grow revenue, Mobi Tap will help increase financial inclusivity by providing under or unbanked SMEs greater access to digital payments,” Eva Ngigi-Sarwari, Visa Kenya’s Country Manager stated.
“Being a mobile-first country, the solution allows sellers to take advantage of the technology they already have – mobile phones, which are widely owned throughout the country.”
