Lipa Payments • November 7, 2022
African Fintech Landscape 2022
African fintech is in a state of constant growth, this is due to the the rapid growth of mobile penetration and use in the continent. This has also given rise to a large number of startups that have generated a wide range of new employment opportunities.
The fintech sector continues grow at an extraordinary rate in Africa. According to the UN, over half the global population growth through 2050 will come from Africa, making it world’s fastest-growing population.
Read more in our Fintech in Africa Landscape 2022 eBook.
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With the festive season fast approaching, retailers are gearing up for one of the busiest times of the year. Transaction volumes and customer activity are at their peak, and retailers must ensure their operations are efficient and scalable to meet this demand. This is where SoftPOS (Software Point of Sale) steps in, transforming Android devices (OS11 and above, with NFC capabilities) into payment terminals that help retailers go beyond traditional POS systems. While often associated with lowering hardware costs for small merchants, SoftPOS has many missed oppurtunities, particularly valuable during high-traffic periods like the festive season and beyond.
At Lipa Payments, you may know us as a provider of payment software solutions for banks and fintech, empowering small merchants to accept digital payments using Near Field Communication (NFC) and Bluetooth Low Energy (BLE) technology. Our platform has already significantly reduced the need for dedicated card payment terminal hardware.
In the dynamic world of on-demand services, efficiency and cost-effectiveness are key factors that can make or break a business. The arrival of SoftPOS (Software Point of Sale) is a game-changer for solutions such as ridesharing apps, food delivery services, grocery delivery platforms and merchant on the go services. SoftPOS addresses various challenges faced in the Pay-on-Delivery and Pay-on-Arrival scenarios, making it a beneficial alternative to traditional payment acceptance methods.