The free POS device provides businesses with a unified digital commerce solution.
JOHANNESBURG, October 2024 – Payfast by Network, a trusted leader in online payment processing, today announced the launch of its in-store payment solution by introducing a free Point of Sale (POS) device* for businesses in South Africa.
The POS device provides a unified platform for merchants to manage their online and in-store operations. It also enables businesses to view their transactions and manage cashflow seamlessly. Additionally, the device expands merchants’ revenue streams by enabling them to purchase airtime, data, lottery, and betting vouchers directly.
“We are thrilled to introduce the Network POS device to the South African market. We aim to provide our customers with market-leading digital payment solutions and the POS enables merchants to manage their businesses seamlessly on one platform. By unifying online and offline commerce, we are providing our customers and businesses with a competitive edge in an increasingly digital world. This also removes the barriers to entry for merchants by providing cutting-edge POS technology with no upfront costs,” said David Adams, Regional Managing Director at Payfast by Network.
Key features of the Payfast by Network in-store payment solution include
1. Free POS terminal: With no upfront costs, merchants can access the cutting-edge POS technology. Simply visit www.payfast.io/network to sign up.
2. Access to funding within 24 hours: Merchants can access funding for marketing, buying stock, renovations or working capital within 24 hours with minimal paperwork, powered by Retail Capital.
3. Seamless online and offline integration: The POS device gives businesses the ability to offer customers a consistent brand experience – whether they shop online, in-store, or through a combination of channels.
4. Variety of payment options: Businesses can accept a range of payment methods, including credit and debit cards, like Visa, Mastercard, Apple Pay, Samsung Pay, Amex, Diners Club, Union Pay and Google Pay.
5. Timely payouts: Businesses can get access to funds from sales on time, improving cash flow and providing greater financial flexibility.
6. Real-time insights and reporting: Businesses get access to reports and insights on sales trends, customer behaviour and inventory levels, enabling data-driven decision-making. This further enables businesses to effectively manage inventory, cash flow and other market-related activities.
Network POS is now available to businesses across South Africa. To learn more, visit https://payfast.io/network/
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ABOUT PAYFAST BY NETWORK
Payfast by Network, a Network International company and South Africa’s trusted leader in online payment processing, empowers businesses of all sizes with innovative tools to thrive in a digital economy. Building on its leading online payment gateway serving over 100,000 businesses, Payfast now offers a cutting-edge Point of Sale (POS) system, providing a unified commerce platform to seamlessly manage online and in-store transactions. As part of Network International, the largest digital payments company in the Middle East and Africa, Payfast is committed to growing the South African economy by simplifying commerce and enhancing the payment infrastructure. Payfast is licensed by Payment Association of South Africa. Learn more about how Payfast is shaping the future of payments at www.payfast.io.
