In a groundbreaking move, Kuda, a leading financial technology company, has launched a virtual point-of-sale (PoS) solution designed to simplify payment processing for freelancers, small, and medium-sized enterprises (SMEs).
This innovative solution aims to address common pain points faced by SMEs, such as delayed payment confirmations and fragmented banking services.
The virtual PoS allows business owners to process payments at scale using just account numbers, eliminating the need for physical hardware. This solution offers instant payment confirmations, enabling businesses to access their funds quickly.
Additionally, Kuda has introduced physical PoS devices that handle card payments and bank transfers with instant settlement.
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Nosa Oyegun, Vice President of Product and Innovation at Kuda, emphasized the company’s commitment to supporting Nigerian SMEs.
“Our goal is to empower businesses with tools that simplify payment processes and enhance overall efficiency. The virtual PoS represents the future of payment processing, reducing costs and ensuring instant payment alerts.”
This launch demonstrates Kuda’s dedication to addressing the unique challenges faced by Nigerian businesses, further solidifying its position as a leader in the fintech industry.
