In a strategic move to revolutionize financial transactions and bridge the financial inclusion gap in Nigeria, Tingo Mobile, a prominent technology solutions company, has launched Tingo ePOS, an innovative electronic point-of-sale (POS) system. The system aims to facilitate seamless transactions between merchants and customers, enhancing the efficiency of financial interactions.
The unveiling of Tingo ePOS took place during a press briefing held at the company’s headquarters in Lagos on Tuesday, December 12, 2023. The new electronic POS system is designed to allow merchants to receive instant payments from customers with a single tap of the customer’s card on their Near-field Communication (NFC) enabled mobile phones.
According to Tingo Mobile, the contactless ePOS solution boasts several advantages, including zero maintenance costs, zero operational costs, and zero network issues. The company emphasizes the user-friendly and cost-effective nature of the innovative system.
Auwal Muade, the Chief Executive Officer of Tingo Mobile Plc, expressed the company’s commitment to providing businesses with tools to thrive in the digital era. He highlighted how Tingo ePOS simplifies transactions and contributes to the growth and success of businesses across the country.
Muade noted that Tingo ePOS goes beyond being a payment solution; it serves as a catalyst for seamless experiences, bringing people closer in the digital age and transforming the way businesses and communities engage with technology.
Uzo Onumonu, the Group Product Director, emphasized the robust security measures incorporated into Tingo ePOS. The system links each account securely to a specific device, fortifying merchant login details and preventing unauthorized access on alternative devices. This security framework underscores Tingo Mobile’s dedication to fostering trust and reliability in every transaction made through Tingo ePOS.
Samuel Onwuekwe, Head of Partnerships and Channels Development/Implementation, highlighted the significance of Tingo ePOS as a value-driven solution for Micro and Small businesses in Nigeria. He pointed out that many MSMEs are often overlooked when it comes to POS issuance by banks, and Tingo ePOS provides an opportunity for them to leverage their existing NFC-enabled mobile phones for payment acceptance.
Tingo Mobile’s ePOS system is now available for businesses in Nigeria, offering a reliable and efficient solution for handling transactions in today’s dynamic business environment.
