Moka’s mPOS solution enables vendors to accept payments and create transaction reports via an iPad. With Moka, vendors need to download the app on their iPad, sign-up, and start using the service. The service is cloud-based.
Currently, Moka is in closed beta and therefore has no registered users. Company says it will have its first pilot users in a few weeks’ time. Moka monetizes via its own monthly subscription fees, offering three plans depending on the number of items the users choose. It also has a merchant discount rate arrangement with local banks. The model allows Moka to take a cut of each sale if it acquires the merchant on behalf of a partnering bank.
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