Driving financial inclusion through digital payment methods is among the top priorities for the governments of Africa’s biggest tech ecosystems where cash is still king. This way, businesses can accept payments without needing the tasking technical integration typically encountered with expensive NFC-enabled point-of-sale (POS) systems. “We’re eliminating the need for cash or carrying cards for our consumers and the POS machine on the merchant side,” said Erik Gordon, Flash co-founder and CEO, in an interview with TechCrunch. Afterward, only QR codes generated by Flash (for businesses) will work with the Flash app (for customers), said Gordon. Flash never touches the money; it goes straight from our partner bank to the business’ bank account,” the CEO remarked.

Source: The North Africa Journal July 17, 2023 07:52 UTC