NowNow Introduces Integrated NFC Wallet

Sun May 22nd, 2022 - Nationwide

African fintech startup, NowNow Digital Systems Limited, has launched a first of its kind fully integrated near field communication (NFC)-enabled wallet for SMEs, agents and consumers.

This is to further drive financial inclusion for contactless payments transactions to take place on the platform.

The Fintech company aims to eliminate the traditional banking experience by building an ecosystem that digitizes payments and creates access to financial services for businesses, governments and customers in rural and urban communities using simplified branchless banking initiatives.

This new function provides fast, easy, and safe cashless payments for NowNow customers using android smartphones, automated teller machine (ATM) cards, and point of sale (POS) devices.

The most innovative feature of this technology turns smartphones into digital point of sale terminals for micro to small-sized businesses including individuals, agents, and merchants.

Also, With the NFC integration on NowNow wallets, the company’s new Tap & Pay and SoftPOS features enable the acceptance and performance of seamless contactless transactions without the need for any additional hardware.

The Tap & Pay feature allows wallet to wallet transactions on NowNow, while the SoftPOS feature allows ATM card to wallet and wallet to POS transactions.




source: Leadership