Kuda Launch Soft POS Works With NFC Card

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What is NFC Card?

NFC  Card stands for Near Field Communication, which is a short-range wireless communication technology that allows two electronic devices to communicate with each other when they are in close proximity, typically within a few centimeters.

An NFC card is a type of smart card that is dänisches bettenlager lounge set welche kaffeemaschine für 1 person dlm382 checkerboard vans ochre cheap yeezys brandon aiyuk shirt costume leopardato triangolo Italy meia com pompom carhartt uk corsair ddr3 1600 brandon aiyuk jersey koaxialní kabel hornbach babyphone mit alexa verbinden años 20 hombre disfraz miroir terzo equipped with an NFC chip, which allows it to communicate with other NFC-enabled devices, such as smartphones, tablets, and other NFC readers. These cards can be used for a variety of applications, such as contactless payments, public transportation access, electronic ticketing, loyalty programmes, and more.

NFC cards are becoming increasingly popular due to their convenience and ease of use, as they allow users to quickly and easily complete transactions without the need for physical contact or swiping a card through a reader.

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What is Soft POS?

Soft POS stands for Software Point of Sale, which is a payment processing technology that allows merchants to use their mobile devices or tablets as a payment terminal. It is also known as mobile POS or mPOS.

Soft POS works by using a software application that can be downloaded onto a mobile device or tablet, which enables the device to accept credit and debit card payments using a card reader or by tapping or scanning NFC-enabled cards or mobile wallets.

This technology offers several benefits for merchants, including reduced costs and increased flexibility, as it eliminates the need for dedicated hardware and allows businesses to take payments from anywhere, anytime. Soft POS can be particularly useful for small businesses, mobile merchants, or those who operate in remote locations.

Overall, Soft POS is a convenient and accessible payment processing solution that offers flexibility and convenience for both merchants and customers.


Kuda Soft POS For Business

Kuda Soft Pos Feature

Kuda two days ago announced their new SoftPOS feature for business owners, and it’s the most innovative thing I’ve seen in the Nigeria FinTech space in a long time now.
Basically, it turns your NFC-enabled phone into a POS machine that can read cards and process transactions like a normal POS.
Since my phone supports NFC, and I had a Kuda Business account already, I proceeded to test it on the day it launched.
How it works is straight forward really, first you need to request access on the Kuda Business app, they will grant you that and assign you a POS terminal ID.
Mine didn’t work immediately after I got the POS terminal ID, my transactions were failing with a “app not fully setup” kinda error, so I allowed 24hrs for their server to finish configuring my POS account.
Last night I tried again and it was working as a breeze, all transactions were returning “transaction approved”.

How To Perform Transaction On Kuda SoftPOS?

To perform a POS transaction, you go to the sell tab, select the option to receive payment via card, put in the amount, select if it’s current or savings account, select card type (Mastercard or Visa only), then it will ask you to place the card at the back of your phone.
The easiest way that worked best for me is dropping the card on a flat surface like a table, and placing my phone on top of it, works like a charm.
Once your phone touches the card, it takes less than a second for the app to read the details and request for a pin, the customer will put in their pin like a normal user and then “transaction approved”.
It also generates a receipt, which you can share to the customer via WhatsApp, Facebook, Instagram or any other app in your phone.
It’s a really really thoughtful feature, only drawback I see is adoption, you need a whole lot of customer education to convince the users that you’re not stealing their card details with your phone
This only works for NFC enabled debit cards, which is literally most or all of the debit cards currently in circulation.
I’ve attached a picture of my Carbon card, you’ll notice the NFC symbol just beside the card chip.
The rest of the images is to show you what the process looks like.
Let me know what you think, is it something you’ll adopt and make use of?

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