“As we’ve got closer to the entrepreneur and the SME customer, we’ve realised that there are multiple pain points that these business owners have. There are hard barriers to entry for different types of financial services and products that they need to start, manage and grow their business,” said iKhokha CEO Matt Putman.
Housed within the free iKhokha app, iK Tap on Phone enables business owners to accept card payments with no upfront investment. Users can start making sales by tapping a customer’s card on their Android smartphone by simply downloading the app. Security-wise, iK Tap on Phone is just as safe any card machine. Rigorously tested and PCI compliant, each iK Tap on Phone transaction is protected by 3D secure technology. Furthermore, the increasing ubiquity of smartphones in the payment environment may accelerate widespread adoption.
Certain sectors have already warmed to the payment solution with health and beauty, speciality food, markets, restaurants, and travel and tourism championing product adoption.