Ukheshe launches the first telephone payment solution without certification

Eclipse Press Phone

Eintegrated financing facilitator Ukheshe Technologies announced the launch of the very first telephone payment solution that does not require any certification. Although phone payments have been available for some time, until now this feature has been costly, with several administrative hurdles.

Ukheshe solved this problem by creating a quick and easy process for merchants and service providers to accept payments over the phone. It will allow any Near Field Communication (NFC) enabled Android phone to accept phone transactions – no need for app certifications and approvals, and no need to include third parties or toolkits software development (SDK).

Paul Selibas, president of Channel Solutions for Ukheshe Technologies, says this will be particularly useful for SMBs, solving their difficulties in accepting card transactions. “The cost of a terminal is a barrier for these companies, not to mention the additional distribution and maintenance issues. This new technology combats the high costs of application certifications in the development and implementation of touch solutions. »

According to a report by Accenture, micro-merchants account for around 40% of GDP in emerging markets, but 90% of them do not accept any type of digital payment. Phone payments are the most convenient way for these businesses to accept digital payments – not only for its convenience, but now also for its ease of implementation and lower costs.

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 additional hardware.

When a merchant requests a payment, the merchant app initiates the tap functionality on the phone. The customer would then touch their card to the merchant’s phone and the purchase would be made. Similarly, if a customer were to make a payment in a consumer-facing app, the customer could present their card on their own device and the payment would be completed.

Phone transactions are protected by the same security and encryption technology offered with smart cards worldwide, and the same secure transaction process as traditional POS transactions.

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

Traditional banking and point-of-sale systems often entail high costs, excluding many SMEs and most micro-enterprises. With economies in developing countries heavily dependent on these businesses, and 61% of consumers now prefer to shop where contactless is available, many entrepreneurs were previously excluded from their valuable role in economic growth.

“Ukheshe lowers the barriers to entry into accepting payments for businesses with easier, more affordable features and low friction registration. We are setting the trend; disrupting the traditional POS system. I think many players will rush to follow suit, because it is a game-changer, says Selibas.

About Matthew R. Dailey

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