Kuda Revolutionizes Business Transactions with PoS Terminals

Nigeria’s fintech trailblazer, Kuda, has set a new benchmark in the world of business transactions with its recent introduction of Point of Sale (PoS) terminals. This strategic move is a testament to Kuda’s commitment to innovation and staying ahead in Nigeria’s dynamic merchant-acquiring sector.

In a recent statement by Babs Ogundeyi, Co-Founder, and CEO of Kuda, the launch of PoS terminals follows a highly successful pilot program. This move aligns seamlessly with the intensified interest and competition within Nigeria’s merchant-acquiring sector, a market predicted by McKinsey to reach a staggering $1 billion in the coming years.

Unleashing the Potential of Kuda PoS Terminals

Kuda, since its inception in 2019, has rapidly gained ground, boasting a customer base of 7 million and processing transactions totaling ₦55.8 trillion. The neobank’s foray into the merchant-acquiring realm comes hot on the heels of its October 2022 launch of Kuda Business, an all-encompassing business account.

March 2023 witnessed Kuda’s commitment to enhancing its business-centric offerings. The Kuda Business mobile app was fortified with new features, including Sales Mode, Kuda Payroll, and streamlined business registration. Notably, the introduction of the SoftPoS feature revolutionized the game, enabling users to effortlessly accept card payments through their mobile phones.

Seamlessness Redefined: Kuda PoS for Business

Babs Ogundeyi has now revealed that users with a Kuda Business account possess the exclusive privilege of applying for a Kuda PoS terminal. What sets this apart is the flexibility in payment options, catering to the diverse needs of businesses.

Acknowledging the fierce competition within the merchant-acquiring arena, Kuda finds itself in contention with banking giants and well-funded fintech counterparts such as Payforce from FairMoney, OPay, Moniepoint, and Nomba. Additionally, the emergence of Paystack in Nigeria’s offline merchant-acquiring domain adds another layer of competition for Kuda.

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Embracing the Future of Transactions

As businesses increasingly transition to digital platforms, Kuda’s PoS terminals emerge as a pivotal player in shaping the future of transactions. The amalgamation of innovation, user-friendly features, and a commitment to meeting the diverse needs of businesses positions Kuda as a formidable force in Nigeria’s financial technology landscape.

Visit Kuda’s Official Website for more information. Stay connected with Kuda on Facebook and Twitter.


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