NuPay, a division of JSE-listed Altron, has launched NuPayGO, a cost-effective payment solution to accept real-time debit and credit card payments anywhere and anytime.
NuPayGO is a mobile phone application linked to a hand-held card acceptance device.
The app, available for free download via the AppStore or PlayStore, can be used with any smartphone or tablet and communicates via Bluetooth to the NuPayGO Card Acceptance Payment Device.
Consumers have the option to receive proof of payment receipts via in-app reporting, email or SMS. The app offers real-time reporting for business owners to keep track of their card transactions.
“One of Altron’s social strategic pillars is to deliver financial inclusion products and solutions in a cost-effective, responsible and sustainable manner,” said Johan Gellatly, Managing Director: Altron Bytes Secure Transaction Solutions.
“As smartphone penetration increases and consumers become increasingly comfortable with mobile technology and more importantly their trust in the technology grows, mobile payments will become more convenient, pervasive, secure, effortless and seamless for consumers and businesses alike,” said Gellatly.
“More unbanked consumers are becoming banked and as a result, small businesses and informal traders have a need to broaden their payment acceptance options to include card transactions and hence increase their sales.”
Designed to facilitate a card acceptance payment option for entrepreneurs, small and medium-sized businesses, street vendors and mobile service providers, NuPayGO’s payment card industry certified compliant solution expands NuPay’s managed electronic payment solutions’ product suite to provide a viable cost-effective solution to this excluded market segment.
In 2014, Altron’s subsidiary Altech has bought the 50% (less one share) of NuPay that it doesn’t already own. The deal was valued at R80 million.
Altech bought its initial controlling stake in NuPay in 2009.