According to the source, FNB is set to integrate mPowa’s hardware and software into its existing merchant services.
Using a credit card reader which plugs directly into their audio jack of the handset, in conjunction with an app, users can swipe customer credit cards and debit cards and accept payments on their iPhones, iPads, Android Phones and Blackberry mobile devices. For Chip & PIN cards, users need to insert the card into the device and enter their PIN code. mPowa allows customers to carry out card payments, receive receipts and generally deal with business people operating on a travelling basis in the same way they would deal with a supermarket or national chain.
In recent news, mPowa has replaced a photo on its website after receiving a cease-and-desist letter from mobile payments start-up Square.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now