Sep 03, 2013
Blue Label, Mastercard partner to deliver POS devices to rural businessesBack
SECURITY|Absa|Africa|MasterCard|Nedbank|Security|Standard Bank|Systems|Africa|South Africa|Security|Communications|Electricity|Security|Service|Services|Systems|Mark Levy|Security
© Reuse this
The JSE-listed communications group has partnered with Mastercard to upgrade about 7 000 existing POS systems, which were previously used for selling prepaid vouchers, such as for airtime and electricity, as well as to roll out in excess of 15 000 new EMV-certified, contactless-ready POS terminals in townships and informal settlements.
These would allow traders to accept chip and pin-based debit, cheque or credit cards issued by Standard Bank, Absa, Nedbank and the South African Social Security Agency (Sassa), as well as contactless payment cards for goods and services.
Traders would also be able to sell Blue Label's prepaid vouchers using a single device on a safer, more secure and convenient electronic platform.
This comes shortly after Blue Label committed to the distribution of about 10 000 partially subsidised low-cost POS terminals throughout South Africa’s rural areas over the next year.
The initiative would give merchants with monthly profits of less than R25 000, free or low-cost access to POS systems.
“Over and above the estimated 100 000 spaza shops spread across South Africa, there are tens of thousands of small- and medium-sized retailers and service providers,” said Levy.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other ICT News
Updated 1 hour 45 minutes ago The Coega Development Corporation (CDC) has announced ambitious plans for the expansion of metals beneficiation initiatives and metals sector investments in South Africa through its newly unveiled 2014-2024 metals cluster strategy, which it hopes will attract...
Updated 2 hours 43 minutes ago Construction major Aveng has offloaded its wholly-owned Australia- and New Zealand-based utility, resources and infrastructure contracting business Electrix to European concern Vinco Energies for some R1.4-billion in cash. Aligned to the strategic objective of...
Updated 3 hours ago This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining licence to a joint...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...