Kenyan payment cards (including debit, credit and charge cards) recorded a compound annual growth rate (CAGR) of 26.32% between 2009 and 2013. The total Cards-in-Force (CIF) rose from 3.8 million in 2009 to 9.7 million at the end of 2013.Details
When asked to select all the payment methods they will use this holiday season, credit cards emerged as “King”, not cash. Cash took second place and was preferred two-to-one over checks, debit cards, mobile payments or other means of payment.Details
A complete Mpos system that requires no new hardware for the merchant to install, plus works with any Apple or Android mobile device has been introduced. The new SwiftPay from TechPay also utilizes QR codes for transactions allowing merchants to see detailed scan data, sales and ad campaigns.