Thursday, December 13, 2018
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Fintech Launches Point Of Sale Terminals In Uganda

Fintech, one of the leading enterprise information technology solutions and services providers, Thursday launched a new generation of smart point of sale (POS) devices that will increase efficiency in payments for retail customers.

The POS devices will allows real time cash and cashless transactions across multiple platforms.

Fintech who are the sole distributors of the new POS devices locally are optimistic that the new technology will greatly improve transaction turnaround for retail businesses thus improving the quality of services offered to customers.

The devices are aimed at delivering a more reliable, sustainable, flexibleand secure experience to the different users.

They are more like a modern phone which operates on different customized versions of android, integrated with card payment systems, camera, a high speed printer and scanner. They are also integrated with different communication modules such as 2G, 3G, 4G, Wi-Fi, Bluetooth and GPS among others.

“After an extensive research we discovered a very specific need to produce a device that is reliable and flexible for the agency banking system…” said Mr. Barry Ryan the CEO of FintechInternational in an interview.

He added that the devices have many advantages which include affordability, easy to use, highly secure and allow for mass customization.

L-R: Fintech’s Infrastracture and Services manager George Ondego, CEO Fintech Group, Barry Ryan and Vincent Ondiff, the Regional Manager while at the do

According to Fintech, the introduction of the devices was inspired by the need to counter challenges service providers faced when using traditional POS.

“We are very keen to address the area of financial inclusion with the products and services we offer. We want to make sure that people who are deep in rural areas can access financial services” Said Vincent Ondiff, FintechRegional Manager.

Addressing stakeholders during the launch, Mr. WilbrodOwor the Executive Director of Uganda Bankers Association said “I have been close with Fintech team in my banking life but closer when they were delivering the agent banking devices. Fintech walked with us all the way. The sector is being driven by technology and digital infrastructure is going to be the agenda for a very long time.”

 

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