SmartPesa Announces PIN Support for SoftPOS Certified by Mastercard and Visa 

Singapore – SmartPesa, a leading provider of payment and agency banking solutions, has attained approval by Mastercard and Visa to offer PIN support for its leading SoftPOS (Tap on Phone / Tap to Phone) solution. Acquirers can now provide merchants the added capability to accept transactions with PIN where required securely on their smartphones.

This is welcoming news especially for micro, small and medium-sized businesses who cannot afford expensive POS terminals or operate in hard-to-reach regions. With SmartPesa’s SoftPOS technology, everyday mobile devices can be transformed into contactless payment acceptance terminals instantly and remotely, at no additional hardware costs. Using software-based PIN authentication, merchants can also accept payments above CVM limits securely without the need for a separate PIN-entry device.

“We operate in a world today where customers demand the safety and convenience of contactless payments. This can be hard for MSMEs who sometimes struggle to understand, let alone use, complex payments hardware and interface. Working with our partners globally, we have seen our technology help bring these underserved communities into the digital economy quickly and easily. Achieving certification for our PIN on Glass technology further assures our partners, and merchants, of the security that is crucial when it comes to accepting payments on a consumer-grade tablet or mobile device,” says Barry Levett, Founder and Chairman, SmartPesa.

Using an intuitive mobile app, merchants enjoy a simple unified one-stop tool for accepting smart multi-channel payments online and offline, instant access to transaction histories and automated reconciliations. Merchant onboarding process, from signing up to verification and acceptance, can all be done instantly and remotely.

A Mastercard StartPath company, and one of only 14 companies globally that are Visa Ready Certified for their Tap to Phone solutions, SmartPesa is excited with this latest giant step towards their goal of accelerating contactless payments adoption by businesses worldwide.