Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

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%.