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Absa plans to launch new mobile payment acceptance service

South Africa’s Absa has signed a deal with thumbzup, to provide debit or credit card payments to merchants using smartphones or tablets, through a plug-in device named ‘The Absa Payment Pebble.’

This partnership will allow traders and entrepreneurs to accept payments through the mobile acceptance service across the country.

Launched as a value added service, the bank will offer Payment Pebble to all active small business owners and merchants from early 2013.

Developed to fit into a 3.5mm audio input on any smartphone or tablet, the Payment Pebble is a small card-reader device that comprises a mobile application.

The device works as a mobile point-of-sale terminal where traders can accept card payments in real-time anywhere in South Africa.

Providing retail, business, corporate & investment banking, wealth management products and services, Absa trades as a subsidiary of Barclays Bank, which owns 55.5%.