Telkom Announces mPOS Solution for SMEs

Telkom has announced the launch of its mPOS (mobile point-of-sale) solution that is catered towards small, medium, and micro-businesses.

“The Covid-19 pandemic has accelerated the need for businesses to digitise their operations and become fully immersed in the digital economy.

The app will enable businesses, who normally only take cash payments, to reach a wider customer base. It enables business owners to take their business digital without incurring drastic costs.

Telkom Pay mPOS is not just a point-of-sale machine. It is a solution that allows businesses to access an array of business functionalities all in one app. Business owners can receive payments from customers by simply tapping their cards or scanning a QR code, they can also use the app to pay employee salaries.”

 Sibusiso Ngwenya, Financial Services Managing executive, Telkom

“It is a pay-as-you-use solution with a competitive rate of 2.5%.

Telkom Pay mPOS also includes a virtual card that is built into the app. Businesses can transfer funds from the app to their business accounts and can replenish inventory from their suppliers using the EFT functionality that is integrated into the solution.”

Statement from the Company