Barclays Bank Kenya Makes Foray Into Mobile Card Payment Solution

By Soko Directory Team / February 25, 2016



Barclays Bank

Barclays Bank Kenya has today launched a next-generation, mobile card payment solution which will enable Kenyans to pay for low value transactions with ease, speed and convenience.

The Barclays Mobile Point of Sale (MPOS) is a small phone-like GPRS device that accepts all VISA, MasterCard and AMEX cards as a payment option on the go.

MPOS is designed as an ideal platform for making card payments for home deliveries, transportation, entertainment spots among others. All transactions processed through MPOS terminal follow the same transactional and payment flows as that of the traditional POS system.

Speaking during the launch of MPOS, Barclays Bank Kenya, Managing director, Jeremy Awori said MPOS addresses the growing demand for innovative payment solutions.

“We are proud to be the first financial institution in East Africa to rollout the MPOS card payment solution. I strongly believe that there exists enough room in the mobile card payment space for competitors to emerge and gain a competitive advantage,” said Mr. Awori.

Barclays Bank has partnered with Pewin taxi Cab Company, to rollout the solution to its customers on a pilot project. The bank is also in the process of establishing partnerships with other firms.

barclays bank kenya mobile card payment solution
MD Pewin Cabs Justus Kirigua and Barclays Bank Kenya MD Jeremy Awori

“MPOS will enable businesses that previously operated on a cash only basis to increase their sales and expand their customer base by enhancing their payment solutions,” he added.

“Payments through MPOS conform to the International Data Security Standards adopted by major card schemes including Visa, MasterCard and American Express” said Awori.

Barclays Bank is celebrating its 100th anniversary in Kenya and has identified SMEs, Women, Youth and Innovation as its next growth frontiers.



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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