Monday, June 4, 2012

Payment platform to boost online buys

Paysure Ltd has unveiled a payment platform that could see increased options for online shopping, as it cuts down on time retailers have to wait to access payments made by buyers.

The firm in partnership with Kenswitch and Chase Bank has launched the first locally administered online payments platform.

The new platform will allow merchants to access funds within a span of two days after the initial online transaction.

According to the Kenya Bank Association (KBA), online transactions usually take up to a week to conclude.
"With many of the products in the market, merchants have to wait up to a week to access their money… Reducing this time to a day is a positive development," said KBA CEO, Mr Habil Olaka.

The week delays normally translate to extra costs for retailers as they need more money to finance restocking.

The platform will cater to Kenswitch member bank card holders making online purchases using their debit or prepaid cards. Chase Bank will process the payments.

Kenswitch has a network of 30 financial institutions including 26 banks. Merchants using the platform will have to open accounts with Chase Bank.

Through Paysure's structure, merchants without websites will also be able to use the payment platform for online transactions.


Large merchants

The charges for using the platform will be Sh5,000 to Sh15,000 for  large merchants, a maximum of five per cent of the transaction for small merchants and free of charge for individual users.

Speaking in Nairobi during the launch of the service, Kenswitch MD, George Wainaina, said the model will provide an opportunity for businesses to receive payment for their goods and services from anywhere across the country.


11 comments:

  1. Pls for your kindness deliver me the video clip hint of making pcb with hp
    printer.

    Here is my blog - http://www.nepalmelbourne.com

    ReplyDelete
  2. Wow, wonderful blog layout! How long have
    you been blogging for? you made blogging look easy. The overall look of your web site is fantastic,
    let alone the content!

    Here is my blog: xerox phaser 8560dn ps

    ReplyDelete
  3. Lovely home. I especially adore that wallpaper. Swoon.

    My website: costume jewellery online

    ReplyDelete
  4. sir, please send the video to my email, its incredible.

    Take a look at my webpage :: xerox phaser 8560 Manual

    ReplyDelete
  5. Great beat ! I ωish to apprentіce whіlѕt you
    аmend your website, hοw cаn i subscribe for a blog sitе?
    The account аided me a аpрlicаblе ԁeal.
    I weгe a littlе bit familiar οf this уour brοadcast
    offereԁ shіny tranѕparent іdеa

    my wеb-sitе - sign up google account

    ReplyDelete
  6. My brother suggested I would possibly like this website.
    He used to be totally right. This publish actually made my day.

    You can not imagine simply how a lot time I had spent for this
    information! Thanks!

    Look at my web blog; pilgrim jewellery uk

    ReplyDelete
  7. This is a great write-up regarding Postscript limitcheck mistakes.
    I do have one inquiry. You say not to publish making use of
    a printer line. Could you clarify your explanations?


    Feel free to visit my weblog :: xerox phaser 8560mfp

    ReplyDelete
  8. great to find circuitstoday.com.

    Here is my website ... xerox phaser 8560Mfp

    ReplyDelete
  9. Many thanks a lot.

    My blog post - xerox phaser 8560dn (www.freeinstrumentals.Blogspot.co.uk)

    ReplyDelete
  10. For gain 7 download. many thanks.

    Here is my page xerox phaser 8560 ram error

    ReplyDelete
  11. It is actual today. I was convinced after reading the article. I think the new platform will make an important step towards creating a modern banking system of calculations. Transaction delays must have minimal time and this will improve cash flow. New data show good performance Kenya Bank Association (KBA). Now it is necessary to concentrate on the correct approach to the movement of taxpayers' money. It depends on Kenyans too. Interesting hearing was published on https://tuko.co.ke/220687-kenyan-running-patience-uhuru-demanding.html

    ReplyDelete