The Internet today has evolved and proven itself to be a comprehensive network for transacting business. It opens up new vistas and opportunities for business, which have otherwise been impossible to achieve. This brings about a strong need for a secure, scalable and proficient e-payment transaction platform or a gateway.

It is because of this that  KDN has setup an Internet Payment Gateway for Africa called Mobipay, providing Internet based payment processing to multiple Internet merchants and governmental agencies. As business over the Internet transcends both geographic and social boundaries, the opportunity to provide online payment transaction services is a true global phenomenon.

1.    What is Mobipay
          MobiPay is an innovative mobile payment platform that instantly turns any phone into a means of secure electronic transaction. The platform offers both proximity and remote payment services i.e. internet payments.

2.    How is Mobipay different
Mobipay secures both in store transactions (fuel, supermarkets, restaurants) as well as remote transactions (online payments).Mobile payment services are made possible by SDT™ transaction technology.

3.    Security
SDT signature technology was designed specifically to address point of sale transactions with fluid ergonomics, strong security, and assurance of user privacy. Users do not have to share their phone numbers or any other personal information. Furthermore, the encrypted audio one time password employed in each transaction is completely secure and specifically targets the transaction.

4.   How does a bank Sign-up
Bank Partners will have 2 options:

     1.    Banks on Kenswitch Network
a.    Mobipay will integrate our payment gateway to the Kenswitch Postillion Switch.
b.    Customers on Kenswitch member banks will have an opportunity to sign up as a Mobipay customers at the ATM .
c.    Kenswitch member banks jointly with Kenswitch will introduce the service to customers as a value added service.
d.    Banks don’t have to do anything to sign up since they already have a processing agreement with Kenswitch.

     2.    Banks not on Kenswitch and other Financial Institutions
a.    Payment Solutions team at KDN will walk a bank through our solutions, customize the offering, proposed payment scheme, sort out compliance, support and integration processes and timelines.
b.    Agreement on pricing, payment scheme acceptable with the bank
c.    Implementation timeline and  Integration processes agreed too.
d.    KDN Paysol integrates to Bank’s Core banking system

5.    Advantages to the bank
•    Additional Transaction Revenue
•    Improved Liquidity as customers result to more cashless payments
•    Improved Customer satisfaction.
•    Ability to Enter and Participate Significantly in the Mobile Payment space

5.    Advantages to the Customer
MobiPay offers consumers and businesses an intelligent and natural solution for mobile payment. Mobile payment allows consumers a natural and convenient solution for payments and the ability to purchase or pay for products and services as they arise.

6.    Key economic benefits
a.    Opening up Kenyan business to the rest of Africa.
b.    Provide an payment framework for the e-economy

Visit our MobiPay website www.mobipay.co.ke for more information about the product.