Mastercard Study Show Biometric Payment On the Rise In Africa

If you think the coronavirus pandemic only limit people’s action, it would be a huge misunderstanding. Human’s modes of thinking, consumption, and payment have changed in a bid to maintain a normal life and better protect themselves. When it comes to commercial transactions, biometric payment is the most notable new approach.

Recently, Mastercard New Payment Index showed that 96 percent of Nigerians arouse keen interest in new payment methods including biometric payment, digital wallets, wearables, and QR codes, even though 66% of them never think of trying those payment methods before the pandemic.

The enthusiasm was even higher in Kenya, where 99 percent say they will use an emerging payment method in the next year, and similar in South Africa, and in the Middle East and North Africa (both 95 percent). Among them, the intention of choosing biometric payment accounts for a large percent.

Taking African consumer payment demands into consideration, Telpo recently updated its EFT-POS TPS900. On the basis of supporting magnetic stripe card payment such as financial credit card machine feature, it also supports biometric payment (face payment, fingerprint payment), contactless NFC payment (Mifare), and QR Code payment.

In order to take full advantage of the EFT-POS, we adopt an industry-leading Android 10 version with a Quad-Core 1.3GHz processor. With the superior configuration, you can more flexibly make secondary development and enjoy a smoother operation experience with faster running speed. And you also have the choice to decide where the fingerprint should be put, sideline or external end-side, and what kind of it should be, be it capacitive fingerprint or optical fingerprint.

What makes it better, it possesses multiple financial certificates to maximum guarantee commercial transaction security, including PCI 6.X, EMV, PCI, Paywave, Paypass, MIR, Rupay, TQM, CE, FCC, RoHS, BIS, Anatel, etc. The OTG, UHF, TPUI, and physical keyboard are available to expand its practicability, making it suitable to be used at various commercial transaction scenarios.

As we look ahead, we need to embrace every challenge and keep brave to usher new development. Biometric payment may be a new start for us to shape the fabric of commerce and make the digital economy work for everyone. And EFT-POS will be the reliable assistant.

Tag: biometric payment, Mastercard, EFT-POS, credit card machine, Africa,TPS900

Brief Introduction: Founded in 1999, Telpo is a worldwide first-rate smart terminal and solution provider. It mainly provides smart EFT-POS, cash registers, biometric devices, facial recognition machines, self-service kiosks, and bus validators. Telpo has served more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.

Related Product: TPS900