mPowa inks deal with South African bank

Mobile POS

Mobile point of sale provider, mPowa, has reportedly inked a deal with South African financial institution, First National Bank (FNB). The bank will give its merchant customers mPowa dongles, which will enable them to take card payments through their mobile phones. It will also embed mPowa tools and software into its merchant services so that it can tailor the look and identity of the service.

mPowa accepts both swiped and Chip and PIN cards from all major card issuers including Visa, MasterCard, AmEx and JCB. The transaction fee is 0.25% per purchase with minimum spends of USD0.40, GBP0.25 and EUR0.30. Unlike its American and European rivals, mPowa has made its solution available to Blackberry and Windows Phone as well as the standard Apple and Android device.

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