KaiOS Technologies is teaming up with Mastercard to integrate a range of digital payments solutions. The aim of the collaboration is to drive acceptance and support the growth of the digital economy.
Affordable mobile payment acceptance for SMEs
Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS Technologies will deliver affordable payment acceptance devices. Small and medium-sized businesses (SMEs) – especially in developing markets – still struggle to adopt digital payments, from the expenses linked to traditional payment acceptance terminals to technical implementation challenges. This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth.
KaiOS Technologies and Mastercard are collaborating to help millions of SMEs globally accept digital payments using KaiOS devices. Small businesses will be able to use their low-cost devices to accept payments safely and easily via Mastercard QR, Mobile Point-of-Sale solutions and Tap & Go contactless payments technology.
Business owners can use their KaiOS-powered phone to enrol. After entering their registered credentials and authenticating via a one-time password, SMEs can then access and use a variety of digital payment options.
“Acceptance fuels a successful digital economy, so it’s critical that we meet people where they are today and move them forward together,” said Jorn Lambert, chief product officer at Mastercard.
“Whether it’s a micro-merchant in Cote d’Ivoire to an enterprise in Indonesia, our goal is to make it as easy for merchants to accept digital payments as it is for consumers to make them. We’re looking forward to working closely with KaiOS Technologies to bring the best of our technology, scale, and expertise together to drive growth for emerging markets around the world.”
Sebastien Codeville, chief executive officer of KaiOS Technologies, added: “At KaiOS Technologies, our mission is to connect underserved communities with the digital world. By bringing Mastercard’s secure payment technology to affordable internet phones running KaiOS, we’re unlocking new opportunities for small businesses and entrepreneurs, allowing them to participate in modern commerce more fully. This innovation brings down the barriers and enables an affordable consumer device to become a powerful business tool.”
Extended KaiOS, Mastercard collaboration to focus on African markets
This announcement strengthens the alliance between Mastercard and KaiOS Technologies as the operating system continues to grow. Today, KaiOS Technologies works with major carriers, mobile network operators, and mobile phone manufacturers in emerging regions, with plans to expand to include acquiring banks, payment facilitators, fintechs and more. Previously, KaiOS Technologies joined Mastercard’s award-winning startup engagement program, Start Path, to embed a range of payment solutions to foster digital inclusion.
As part of the extended collaboration, Mastercard and KaiOS Technologies will focus on African markets first, collaborating with partners like Touch and Pay Technologies (TAP) and Wizzit to extend access to in-market merchants.
“Mastercard and KaiOS Technologies collaborate to simplify acceptance for millions of SMEs in emerging markets” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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