Tech Firm Kibo Capital Group Limited, founded by Jasper Ochieng has a very interesting product that is environemntally friendly and can also be used to tackle the coronairus pandemic.
Kibo has a number of innovations that are quite great at reducing human contact. President Uhuru Kenyatta, two days ago annunced that people are encouraged to go cashless, however, there are some business entitites like supermarkets that one requires to see a receipt of their purchases, and that’s where Kibo through their service offering known as PaymentGateLLP comes in.
PaymentGate generates digital, secure receipts that can be accessed through a click of a link that is sent to the clients phone after making payments to a purchase.
Broken down, when one pays for a service or good, he/she receives a message with a link which when clicked, gives an instant branded e-receipt that is tamper proof showing the names, amount of the good/service purchased.
Kibo’s other innovation is Tsenda. Tsenda is an automated airtime and electricity token buying innovation from Kibo Capital Group Limited.
It works by one sending a text message of their number followed by hashkey and amount to a toll-free short code 40512. Airtime can be bought for any network from a Safaricom line; as this innovation relies on MPESA.
The above will make sure that human contact is minimised and coronavirus is defeated.
More Benefits of PaymentGate
Though the solution mostly targets businesses, but for both the seller and buyer, an automated reconciliation happens, in that, one will never lose the records of his/her transaction just in case they would want to raise an issue or maybe return a purchase. This is done at no extra cost, for the businesses, it is an electronic clerk.
The businesses are also guaranteed to save on their stationery costs as the solution removes the necessity for physical printouts. This also means that one doesn’t need boxes and safes and big rooms to keep storing the receipts.
The clincher is this, one can advertise on the receipts to the millions of people using this service as the receipts come with advertising space for ones business.
While the digital receipts are eco-friendly, helping keep the environment clean, e-payment platforms have faced a lot of concern over their ability to keep their system secure from hackers and other cyber related frauds.
“We have sufficient security protocols across our system to make it secure. For instance we have multiple security layers in our traffic and transport ecosystems which can automatically flag down unwarranted access to the systems,” he notes.
The technology also has high integrity and only executes receipts for payment received. “There is no way it can generate a receipt for a payment that was never executed.”
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