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New mobile card payment solution

iKhokha, a young Cape Town-based financial services brand, has launched a new payment service that will change the way SMEs accept payment from their customers. The Edge, a secure chip and pin card reader that plugs into a smartphone, and coupled with the iKhokha mobile app, transforms the phone into a secure mobile point of sale (mPOS) terminal, it enables merchants to process card payments – anywhere in South Africa.

Using the Edge, a wide range of South African businesses are also able to tender cash, card and mobile transactions, sell value-added services (such as airtime) and monitor and track sales performance and transactional history through the slick and easy to use mobile app.

Simplicity, service and security are the three pillars on which the iKhokha ethos has been built. The Proudly South African developed and manufactured solution has been through an incredibly rigorous international testing process with regulatory bodies and card schemes to ensure world class security.

Emerge Mobile, the Umhlanga based technology company behind the iKhokha solution and brand was founded by two young Durban-raised entrepreneurs, Ramsay Daly and Matt Putman and their mentor Dr Clive Putman – an experienced technologist and entrepreneur. Earlier this year the team earned the accolade of building the first African developed mPOS offering to gain full international accreditation.

Merchants pay a once-off cost of R989 for the Edge chip and pin card reader and thereafter a flat 2.75% per transaction, there are no hidden monthly fees. iKhokha will also be offering a 24 month rental option for merchants looking to avoid an upfront cost.

The Edge card reader is available in four colours – black, white, yellow and pink – and both the Edge and iKhokha mobile app are compatible with iPhone 4 upwards and most Android mobile devices. iKhokha will continue to expand its mobile service offering using the Edge device as the secure foundation on which to provide further innovation for all South African businesses.

To get the Edge or for more information visit www.ikhokha.com

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