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FCMB Unveils FCMB PayPad

In a bid to further support the growth of small and medium-scale enterprises and the success of the cashless policy initiative in the country, First City Monument Bank Limited has launched a mobile point of sale terminal branded FCMB PayPad.

PayPad is a portable device that allows merchants to securely process payments seamlessly and driven by a robust mobile application on a smartphone or tablet.

The Executive Director, Service Management and Technology, FCMB, Mr. Nath Ude, said the robust nature of the offering makes it very reliable for secured transaction processing for merchants running mobile businesses and also for small, midsize and large merchants.

He added, “It is also the device of choice for businesses in the e-commerce space that operate door-to-door delivery and need secured payment processing.

“The FCMB PayPad is truly a payment device that will revolutionise how secured payment processing is done in fixed locations and on-the-go. It is one of the innovative products from FCMB designed to enhance customer experience across all touch points and help merchants to grow their businesses in a sustainable manner,” Ude said.

The benefits of the device, according to the statement, include availability of transaction details via the SMS, email and paper print and long lasting rechargeable battery which ensures fewer recharging frequency. It is also portable (smaller than a mobile phone) which makes handling very convenient.