#DEMOTop40 : SmartPesa Helps You Make Credit/Debit Card Transactions On Mobile

Following the success of mPesa, many innovative mobile payment solutions are making such transactions less hectic for all people across the continent. SmartPesa enables credit or debit card payments to be taken on a mobile phone, simple as that.

The SmartPesa platform allows a financial institution to quickly and cost-effectively add mobile POS (“mPOS”) to its merchant offerings without needing to modify its existing back-end payment infrastructure or current POS programme.  It has been designed from the ground-up to be secure, scalable and versatile whilst providing greater information to both the financial institution and its customers with its powerful and adaptable merchant platform.

The SmartPesa solution comprises four components:

  1. Transaction processing server than fully integrates with a financial institution’s existing back-end payment infrastructure
  2. Apps (Android, iOS or Windows) and the ability to integrate into existing Apps
  3. Card readers (wide range available and lowest cost)
  4. Merchant information platform

Internationally there is a transition from payments in cash to payments by card for reasons of convenience and security.  This is especially true in emerging markets where annual card growth and card payment growth is 21% and 10% respectively.  Only 38% of payments in emerging markets are in cash versus developed markets at 59%.

Financial institutions have understood this trend and are quickly looking to have mPOS to capture this growth.  Current growth in mPOS is 43% per annum and is expected to constitute almost half of all POS devices by 2019.

SmartPesa specialises in emerging markets, providing an end-to-end platform to quickly extend a financial institution’s POS offering to include mPOS.

SmartPesa is launching in Rwanda in conjunction with the national switch and will be able to accept payments for all banks in Rwanda.  The solution comprises App, server and merchant services.

Discussions are continuing with a number of financial institutions in Africa, SE Asia and South America.

Barry, Co-founder
Thorsten, Co-founder

Co-founders Barry Levett and Thorsten Neumann.  Android and Java developers

Development Stack
Technologies used in the SmartPesa solution include .Net, SQL Server, Amazon AWS/other virtual server environment (as required by clients), Android, iOS, Java (EMV kernel), SugarCRM, Thales payShield and Postillion PostBridge switch.
Also used in development: Freshdesk, WaveApps, Trello, dapulse, Bitbucket

Contact/Social Media/Job Openings
Email: [email protected]
Web: www.smartpesa.com
Twitter: @smartpesa
Facebook: https://www.facebook.com/transactiontechnologies
Google+: https://plus.google.com/106968534150408363578/videos
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