Swish Payments has partnered with Perago, a wholly-owned subsidiary of SIA, to launch a ground breaking mobile point-of-sale (POS) solution in Africa and Europe later this year.
Its aim is to offer businesses of all sizes the freedom to accept secure debit and credit card payments from virtually any location by converting their Android or iOS smartphone or tablet into a POS terminal.
According to its forecasts, Swish expects to reach about 400 000 merchant subscribers by the end of 2016.
Perago will specifically provide Swish with the SIA gateway for payment switching to all international circuits, in conjunction with a PCI-compliant Acquirer Independent solution for transaction authorisation and clearing. The SIA technology platform will be combined with the Swish solution to provide seamless integration with multiple acquirers in multiple countries, giving Swish the capability to serve varied geographic locations rapidly with its state of the art mPOS solution.
Swish Payments will be launching the new mobile POS solution in Africa and in 20 European countries (Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Spain and UK).
"In addition to our proven experience in creating advanced systems for central banks, RTGS in particular, the company is opening up its infrastructures to new services such as payment card transaction management. With this in mind, our agreement with Swish Payments represents an important milestone for SIA Group, as this is the first card processing agreement in Africa, and it allows us to expand our portfolio with the integrated offer of the parent company SIA," said Claudio Ceresani, CEO of Perago.
"The deal with SIA is a critical component of our offer as it allows us to count on an established processing infrastructure. It also allows us to focus our efforts on the business and enhance the Swish value proposition for our customers," said Stephen Grech, CEO of Swish Payments.
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