Virtual Pay’s Cutting-Edge Solutions: David Morema on Revolutionizing the Payment Landscape in Kenya and Africa

David Morema, CEO of Virtual Pay, discusses the company’s new and exciting project and how it would revolutionize payments in Kenya and Africa. “We are very excited about our new project. Traditionally, card processing has encompassed e-commerce and online payments, along with card-present transactions where customers physically tap or insert their cards into POS machines. However, POS machines, although long-established, are now being phased out. Due to advancements in technology, particularly the ability to tap cards on Android phones via NFC, users can now tap their phones to transmit card details. Once the card details are received, the seller can input the amount, and the cardholder can confirm the transaction with a PIN. We are proud to pioneer this technology in Africa, certified by both Visa and MasterCard and already operational online. We firmly believe it is a game changer. Traditional POS machines are bulky and stationary, limiting their use to those who can manage and charge them. This new innovation transforms any Android phone into a portable POS device, offering mobility and convenience to everyday users like taxi drivers and market vendors who previously could not use POS machines. Now, their Android phones can serve as their POS device, making transactions more convenient and facilitating easier payment collections, reducing reliance on cash transactions. We are excited about the potential impact this will have, making sales more efficient and accessible across various markets in Africa” says David Morema.

Full interview available here: https://marcopolis.net/kenya-financial-services-david-morema-presents-virtual-pay-the-global-digitized-payments-gateway.htm