Heritage
Banking Company Limited has introduced a smaller form of point of sale (PoS)
solution christened ‘PortaPOS’ to ride on the mPOS revolution, which is fast
gaining acceptance worldwide.
The
device is aimed at providing seamless payment channel for the bank’s merchants.
It is also expected to address payment challenges within the retail payments
space and also in support of the cashless policy spearheaded by the Central
Bank of Nigeria.
The
PortaPOS is a
payment channel that performs the functions of an electronic PoS
terminal.
Speaking
at a media briefing in Lagos, Executive Director, Manila Banking, Heritage
Bank, Mr. Niyi Adeseun explained that its implementation would allow services
and sales industries to conduct financial transactions, receive payments and
provide value added services via a specialised app on their mobile phones.
This, according to him, would in turn help to improve customer experience and
free up valuable real estate that would otherwise be dedicated to the regular
PoS countertop.
Adeseun
added: “Today, small businesses and large retailers are turning to mobile point
of sale (or mPOS) to increase sales and broaden their customer base.
“Existing
large retailers are also adopting mobile POS solutions and integrating them
into their current point of sales environment to enhance payment methods.
“The
Nigerian retail and corporate market is undergoing a massive transformation in
a battle for digital consumers who shop through a variety of channels, and as
such expect a more integrated payment experience that is quick, seamless,
convenient, and most importantly secure.”
According
to him, any smartphone or tablet is compatible with the Heritage PortaPOS, via
a free downloadable app.
“It
is also cost effective, allowing a small business owner to conduct transactions
and receive payments without having to invest in an electronic register or pay
support licenses for software.
“Additionally,
the solution is also extendable to cater for inventory management requirements
of the merchant, so our customers can truly have a mobile business,” Adeseun
further revealed.
Its
benefits include being able to work with all networks; direct credit of
payments into business accounts; triple receipt option (paper print, email, and
SMS) and assured transaction security.
Heritage
Bank was established on a commitment to support its customers in wealth
creation, preservation and transfer, and the bank said the latest innovation is
one of the numerous ways through which it hopes to empower Nigerian merchants
to truly maintain a timeless rhythm to their business payment needs.
Thisday
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