Home Startups South Africa’s Ukheshe Technology Launches First Certification-free Tap-on-Phone Payment Solution

South Africa’s Ukheshe Technology Launches First Certification-free Tap-on-Phone Payment Solution

by Milcah Lukhanyu
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Ukheshe Technologies, a global, digital-first financial services enabler based in South Africa has launched a first tap-on-phone payment solution that requires no certifications.

While, tap-on-phone payments have been in existence for a while, they have been costly, with several administration hurdles .Ukheshe seeks to solve this creating a simple and quick process for merchants and service providers to accept tap-on-phone payments.

Paul Selibas, President: Channel Solutions for Ukheshe Technologies, says this will be especially helpful for SMEs, solving their difficulties in accepting card transactions.

“The cost of a terminal is a hurdle to these businesses, not to mention the additional distribution and maintenance concerns. This new technology combats the high costs of app certifications in developing and implementing tap-on-phone solutions.”

 The solution will allow any near-field communication (NFC)-enabled Android phone to accept tap-on-phone transactions – no need for any certifications and app approvals, and no need to include any third parties or software development toolkits (SDKs).

Tap-on-phone essentially turns a merchant’s smartphone or tablet into a contactless point-of-sale (POS) terminal that can receive payments from contactless cards or mobile wallets, without requiring any additional hardware.

When a merchant requires a payment, the merchant’s app would initiate the tap-on-phone functionality. The customer would then tap their card against the merchant’s phone, and the purchase is done, and if a customer were to make a payment in a consumer-facing app, the customer could tap their card on their own device and the payment is complete.

Tap-on-phone transactions are protected by the same security and encryption technology offered with chip cards throughout the world, and the same secure transaction process as traditional POS transactions.

Ukheshe’s solution will allow any merchant or service provider, from a corner store owner to a taxi driver, to accept a tap-on-phone payment powered by its Eclipse platform. Once the tap-on-phone function is selected, the Eclipse Payment Service App (EPS) will open on top of the merchant app and the payment will be facilitated by Eclipse.      

“Ukheshe is driving down the barriers to entry in payment acceptance for businesses through simpler, more affordable functionality and low-friction sign-up. We are setting the trend; disrupting the traditional POS system. I think there will be many players rushing out to follow suit because this is a game-changer,” says Selibas.

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