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Africa’s Quickbooks, FastCashier Launches a QR Code System to Accept Payments & Generate Receipts


FastCashier, Ghanian founded cross-platform mobile and PC application for Accounting, Invoicing, Payroll , Payment and Personal Software is set to launch a QR Code system to accept payment and generate receipts for the customer without the use of the Internet receiving party.

The system, being patented in Canada, Ghana, UK and USA will work on FastCashier’s PayPal-like FastCashier Wallet, which allows any registered business or individual with an email address to securely, conveniently and cost-effectively send and receive payments online, was build build on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms.

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“The purpose of this innovation is to disrupt Point of Sale (PoS) devices and automatic teller machines (ATM), said Derrick Agyiri, Founder and CEO FastCashier. ” We will create a rest API from all banks that offer merchant services for their customers to receive inflow directly from their website to the bank at a nominal fee. The pilot of this project will be released in Ghana first before other countries. There will be other services we may discontinue during the upgrade. They are SMS service and Escrow Service.”


Apart from the above system, FastCashier will also this year launch FastCashier Accounting, Integrating FastCashier Payroll to Tax Authorities and Social Security Authorities, upgrade FastCashier Advisor Application , upgrade FastCashier Wallet Application and hold a FastHacker 2014 hackathon in June.

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Speaking to TechMoran  Agyiri said, ” The purpose of FastCashier Accounting is to connect businesses with professional accountants and bookkeepers to manage unlimited companies with a single login. With an invitation from a business the company can hire accounting and audit firms to manage the books online and receive report instantly.”

With over 3,500 customers waiting for the accounting software, the firm said it will release an Alpha Version of the software on 6th March 2014 after integration with Payroll and Wallet. FastCashier will offer free subscription for one year to all registered customers and give them support to move QuickBooks, Xero, Sage, Tally and MYOB for FREE. The accounting will focus mostly on the service industries and an upgrade of inventory add-on will be providing for manufacturing companies.

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“FastCashier Accounting will have no limitation when it comes to report generation and will consider accounting standards such as IAS and IFRS,” Agyiri said.

FastCashier now popular in Canada and Europe has also integrated its Payroll software to Tax Authorities and Social Security Authorities.

Dubbed the FastCashier Payroll, the software is designed for small businesses with little or no knowledge about Payroll and taxes. Users simply input the employees’ Net salary or Gross salary and FastCasher Payroll fixes everything, though is only open to users in Ghana and Canada Customers, with other countries to be added soon. The Alpha version of the FastCashier Payroll will also be integrated to the Wallet and Accounting as an added-on service.

The company’s other package, FastCashier Advisor, is an offline mobile personal finance software that allows individuals to track their income and expense, set reminders and goals and store their receipts and invoices on their phone. The Advisor application will be upgraded to synchronize all Wallet transactions for Personal Account users. This has been one of the most downloaded applications on Windows Phone and iOS devices and we are determined to replicate it on the Android Beta Version.

Users can Try it for FREE or Buy it at $0.99.  One of the major innovations coming in 2014 is the ability to transfer data to any operating system (Thus: iOS /Android/Windows phone) or download to CSV file.

An event, FastHacker 2014, for guys who want to hack financial systems, has been shifted from 1st February 2014 to the 28th of June 2014 where all development will be finalised and released to the public. Though the journey is not easy, FastCashier promises to make sure your financial life is made easy and successful.


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Sam Wakoba
Sam Wakoba
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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