Payments News


Firm Partners Mastercard on Phone Payments for SMEs in Africa

“Prophius has announced the rollout of its PayContactless solution, enabling small businesses to accept contactless payments through their NFC-enabled Android phones. The move is expected to boost digital payments acceptance for small and micro enterprises (SMEs) in Nigeria, Ghana, Kenya, Uganda and other key markets in Sub-Saharan Africa, while supporting consumers’ preference for safe and seamless digital payments. PayContactless leverages Mastercard Tap on Phone, a simple and cost-effective digital payment technology developed for micro and small businesses and traders, who tend to operate in a cash economy due to the costs and complexity of obtaining traditional PoS devices.”