Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has launched innovative in-person payment solutions in Kenya, as part of its plans to transform payment across Africa.
“Launching our point-of-sale solutions is part of our strategy to enter the in-person payments market in Kenya. As a company, we are currently known as a pioneer in the online payment space in Kenya and across Africa. We are introducing what we are known for globally into the African continent with Kenya as a key hub for East Africa,’’ noted Ms Judy Waruiru, Network’s Regional Managing Director, Acquiring, East Africa.
Network International has identified a growth opportunity in Kenya’s in-store payment solutions market. According to the Central Bank of Kenya, there are slightly over 55,000 POS machines in Kenya. This number is significantly low compared to the number of registered businesses in the country ,which stands at 7.4 million Micro, Small, and Medium-sized Enterprises, according to the Kenya National Bureau of Statistics.
“We are now ready to roll out our next stage for growth in the continent. Africa is a largely underserved market by point-of-sale solutions. Our agenda is to offer a cost-effective solution with QR code and portable Point of Sale payments, enabling card payment acceptance even at the micro-level, opening up new possibilities for small and growing businesses. We have managed to do this successfully in the Middle East and Africa, and we believe we will make it work in Kenya,’’ Judy added.
