Nigeria :Heritage Bank Introduces Portable PoS Machines

By Obinna Chima

Heritage Banking Company Limited has introduced a smaller form of point of sale (PoS) solution christened ‘PortaPOS’ to ride on the mPOS revolution, which is fast gaining acceptance worldwide.

The device is aimed at providing seamless payment channel for the bank’s merchants. It is also expected to address payment challenges within the retail payments space and also in support of the cashless policy spearheaded by the Central Bank of Nigeria.
The PortaPOS is a payment channel that performs the functions of an electronic PoS terminal.

Speaking at a media briefing in Lagos, Executive Director, Manila Banking, Heritage Bank, Mr. Niyi Adeseun explained that its implementation would allow services and sales industries to conduct financial transactions, receive payments and provide value added services via a specialised app on their mobile phones. This, according to him, would in turn help to improve customer experience and free up valuable real estate that would otherwise be dedicated to the regular PoS countertop.

Adeseun added: “Today, small businesses and large retailers are turning to mobile point of sale (or mPOS) to increase sales and broaden their customer base.
“Existing large retailers are also adopting mobile POS solutions and integrating them into their current point of sales environment to enhance payment methods.

“The Nigerian retail and corporate market is undergoing a massive transformation in a battle for digital consumers who shop through a variety of channels, and as such expect a more integrated payment experience that is quick, seamless, convenient, and most importantly secure.”

According to him, any smartphone or tablet is compatible with the Heritage PortaPOS, via a free downloadable app.
“It is also cost effective, allowing a small business owner to conduct transactions and receive payments without having to invest in an electronic register or pay support licenses for software.

“Additionally, the solution is also extendable to cater for inventory management requirements of the merchant, so our customers can truly have a mobile business,” Adeseun further revealed.
Its benefits include being able to work with all networks; direct credit of payments into business accounts; triple receipt option (paper print, email, and SMS) and assured transaction security.

Heritage Bank was established on a commitment to support its customers in wealth creation, preservation and transfer, and the bank said the latest innovation is one of the numerous ways through which it hopes to empower Nigerian merchants to truly maintain a timeless rhythm to their business payment needs.