Sterling Bank launches mobile PoS solution
Sterling Bank Plc has launched a product called ‘OnePay for Business’, a mobile bank that empowers merchants to use their mobile phones as Point of Sale systems.
The bank said it allows merchants and their customers to receive and make cardless, contactless and cashless payment for goods and services in a near-cash form using QR code, bluetooth and PaywithSpecta.
Introducing OnePay for business in Lagos, the Group Head, Digital Banking, Sterling Bank, Dipo Alabede, said it met the need for a hygienic payment method in a Covid-19 world.
He said, “The contactless payment feature on the app is essential for merchants and customers because it keeps both safe as the world combats the coronavirus pandemic. It is also an effortless way to make payments”.
According to Alabede, the product was easy to use and available for download on the Android Play Store and iOS Store.
He said it required a smartphone with an internet connection to set up.
“After setting up, customers can log in to use payment options that include QR code, nearby payment (bluetooth) and PaywithSpecta”, he said.
Explaining he said a QR code is a unique barcode containing the merchant’s business name, QR merchant ID, and other information encoded into it. Instead of manually entering data into their mobile phones, customers would scan a merchant’s QR code using the feature on their app to start the payment process.
The Chief Digital Officer of the Bank, Olayinka Oni, described the product as another means of enriching lives through immediate settlement value for merchants.
