Digitizing retail payments in Africa.

Cash is the dominant payment method at the point of sale in Africa.

This is because existing cashless payment solutions do not address the market realities of Africa. In Africa, most people do not own smartphones, and internet connectivity is unreliable or unavailable. Additionally, most retailers operate as informal sole proprietorships, and the infrastructure for Point of Sale (POS) terminals is underdeveloped.

To address these challenges, Cash Kinetic has invented a payment device called the Interactive Card.

Extending Mobile Money capability.

Mobile Money is popular and accessible in Africa. The Interactive Card integrates with a Mobile Money wallet and enables users to make contactless payments without needing an internet connection, a POS terminal, or a smartphone.

The $20 invention.

The Interactive Card is the size of your credit card and 5mm thick (it fits in your wallet).
Features a touch screen.
Equipped with Near Field Communication (NFC).
Connects to the internet.
Powered by a battery that retains charge for three weeks.
Linked to a digital wallet that connects to a user’s Mobile Money wallet and any other digital store of funds.

More than just payments.

The Interactive Card lets you make different types of payments. It also facilitates funds transfers and basic banking transactions. It is a versatile solution that offers convenience.

How do you fund it?

You can connect the Interactive Card to multiple bank accounts, payment cards, and digital wallets. This lets you easily top up your Interactive Card on the go.

Where can you use the Interactive Card?

The Interactive Card makes payments anywhere possible. This is because a POS terminal is not required to settle a payment, and the tap-to-pay feature of the Interactive Card works entirely offline.