Mastercard and Mosambee Launch First of its Kind Multi Utility PoS Machine to Drive Digital AcceptanceJanuary 9, 2019 | New Delhi | By Barkha Patel
Low cost Android based ‘Samosa PoS’ machine will offer a simple way to accept payments for small merchants
To enhance acceptance and penetration of digital payments in India, Mastercard and Mosambee, a payment solution company today launched ‘SamosaPoS’, an Android based multi-utility point of sale (PoS) machine. This partnership is in line with Mastercard’s vision of creating a ‘World Beyond Cash’ and will unlock a huge potential for digital payments amongst small merchants. It will also empower these merchants to easily carry out and track sales, and attract more customers.
‘SamosaPoS’ is a calculator shaped multipurpose device developed and sold by Mosambee, which can be used by merchants for bill calculation, payment acceptance and receivables recording. This low cost PoS comes with multiple applications such as inventory stock, calculator and accepts credit cards, debit cards, BharatQR, e-wallets etc. all with a single click. Combining all types of digital payments, sales records, calculation and khata entries in a single unit, ‘SamosaPoS’ de-clutters the merchant counter with a single all-purpose merchant tool. ‘SamosaPoS’ is available at a special price for merchants using Mastercard SME debit and credit cards.
Commenting on the new product, Sameer Chugh, Co-founder, Mosambee, said, “At Mosambee, we have always focused on innovation by building easy to understand and use solutions. We leverage and celebrate ‘simplicity’. Even our name is easy to remember. ‘SamosaPoS’ is another example of Mosambee’s attempt to bring a disruptive solution that is familiar in every way, but is packed with a set of unmatched features. We are proud and excited to announce our strategic partnership with Mastercard to jointly promote this solution across various geographies.”
Rajeev Kumar, senior vice president, Market Development, South Asia, Mastercard said, “Through this partnership with Mosambee, Mastercard’s aim is to reach out to small, micro merchants, kirana stores and create a behavioral shift towards accepting digital payments. Mastercard believes that ‘Samosa PoS’ will prove to be the simplest and most cost effective solution for merchants and help in driving last mile connectivity. With such partnerships, Mastercard is confident that India will become the largest payment acceptance market by 2020.”
Some of the features of the ‘SamosaPoS’ are:
- Affordable - The low cost device is priced at INR 2,000
- Familiar – The form factor is designed to look and work like a standard calculator
- Smart – Based on Android technology, it is safe, secure and flexible
- One stop solution – Offers multi point payment acceptance: Bharat QR, Link Pay, Store credit, Wallets and UPI
Mosambee is a payment solution company enabling various types of payments (Cards, UPI, QR, Wallets, Loyalty Points,Loans, EMI etc.), catering to both offline and online merchant scenarios, including contactless tap-and-pay. With existing integrations into payment companies, bank switches, lenders, ERP/CRM providers, GST services, goods distributors, POS manufactures and loyalty engines, Mosambee empowers existing merchant ecosystem participants by providing secure plug and play modules along with useful reconciliation and productivity reports.
Of late, Mosambee has been rolling-out POS solutions suite that is unmatched in flexibility, form-factor, features, robustness and value-for-money. In India, Mosambee solutions have been deployed at over 125000 merchant outlets. Overseas Mosambee solutions are working successfully in Qatar, UAE, Mauritius, Zimbabwe, Namibia, Madagascar and Sri Lanka.
For more information on Mosambee, please visit www.mosambee.in or www.samosapos.in.
Mosambee is a registered brand name of Synergistic Financial Networks Pvt. Ltd.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.