Nedbank leads the way with PocketPOS™ for secure, mobile card payments

In February of this year Nedbank launched the first fully certified mobile card acceptance solution in South Africa known as PocketPOS™. This was a landmark occasion for the payments industry in South Africa and an important step towards accelerating the

In a further move to increase accessibility of secure, card-based transactions for all businesses, Nedbank today announced a strategic partnership with the iStore to make Nedbank PocketPOS™ available as an off-the-shelf product in all 14 of the South African iStore locations. This means that business owners can now walk into any iStore and purchase a secure card acceptance device, in much the same way as they would purchase an iPad or an iPhone.

'Nedbank realised that by offering the PocketPOS™ device together with a choice of phones and tablets, useful business apps and the relevant data packages, we can satisfy a growing need for business owners to run their business using cost-effective, innovative mobile solutions,' said Sydney Gericke, Managing Executive of Nedbank Card and Retail Payments.

PocketPOS™ is available directly through Nedbank (customers can apply in branch or online through simplybiz.co.za) or from your nearest iStore. Getting started is as simple as purchasing a PocketPOS™ device, completing the application form and merchant agreement, and downloading the app. Connecting the PocketPOS™ device to your phone or tablet is highly intuitive and allows a business to start accepting card payments through their mobile device within minutes.

'We have seen great interest not only from small businesses, but also from larger corporates with mobile sales forces. As both consumers and business get more familiar with the solution and explore the full range of potential applications, we expect demand to increase in line with US and European trends', said Ingrid Johnson, Group Managing Executive of Nedbank Retail and Business Banking. 'What’s more, PocketPOS™ provides us with a fantastic platform from which to innovate further and adds to the strong line-up of innovative offerings already delivered. Nedbank has achieved more innovation in the past 14 months than in the preceding five years as we are unleashing the power of a client-centred innovation culture.'

Nedbank PocketPOS™ is another exciting milestone in Nedbank’s efforts to bring worldclass, innovative solutions to the South African financial services industry, and core to its strategy of enabling business growth for South Africa.

Johnson concluded: 'At Nedbank, we continually strive to make a difference in the life of the small business and have developed a rich offering to this sector that goes beyond banking. Nedbank PocketPOS™ is another important enabler of business growth and one of the ways in which Nedbank demonstrates its commitment to Voting Small Business'.