Almaty residents have proposed a new type of non-cash payment
Know-how of the inventors has already interested more than 3 thousand traders
The company Smart Pay has developed an innovative product that has no analogues in the CIS. The future, according to the innovators, is after the Smart POS-terminals, which allow to pay for purchases, whether you are in a taxi, a shop or on internet. The product is a generated QR-code with encrypted details of the seller. Once will receive SMS-notification on the processed payment, you can pick up the goods. The procedure is safe, since all payments are made through secure channels of banks. With Smart POS-terminal you can pay for the purchase with a card of any bank in the world.
"Often clients with a credit card could not be promptly serviced due to lack of POS-terminals. It is no secret that many traders can’t afford it. Buyers had to withdraw cash in the nearest ATM. With the service of a smart terminal, we can serve customers without any problems", - say the sellers.
The mission of Smart Pay – is to connect hundreds of thousands of legal persons to receive services of non-cash payments via smartphones, in other words, to make the system of non-cash payment easier, more accessible, cheaper.
"This year in Kazakhstan will be held two grand events - the exhibition EXPO and Universiade, we expect the influx of foreign tourists, who use payment cards only. But, statistics show that only 7% of the payments (15 million of payment cards) in cashless form. Our product has 100% local content at a relatively low cost. The Company, through its dealer network can provide all entrepreneurs of the Republic, subject to the Law "On payments and payment systems”, POS-terminals. Thus, we not only expand the possibility of a quick, cheap and reliable shopping, but also contribute to the increase in tax revenues in the budget", - said the head of the company Smart Pay Olzhas Kundakbaev.
The project was launched in pilot mode on one of the markets in Almaty last year. It is estimated that every day 50 to 100 entrepreneurs are connected to the service across the country. More than 3,000 entrepreneurs installed and successfully used Smart POS-terminals in 2016. The financial partner and a settlement bank in the project is a joint-stock company “AsiaCredit Bank”, which acts as a guarantor to make payments and financial institution for the production of electronic money.
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