Business Desk 
Absa Bank PLC has partnered with Visa to introduce the #AbsaMobiTap solution, a market-first payment solution that allows small businesses to accept card-based payments from their customers using an Android smartphone.
This convenient solution quickens the purchasing process by leveraging the smartphone as a point of sale and allows customers to simply tap their debit or credit cards on an Android phone or tablet to make a payment.
The solution mainly targets SMEs. Users will download the app from the Play Store on to their smartphone, set up their profile, and be ready to accept card payments without the need for a PDQ machine.
Elizabeth Wasunna Ochwa – “As a digitally-led bank, we are excited to introduce another solution that provides merchants with an innovative and cost-effective solution for their day-to-day transactions.”
Eva Ngigi-Sarwari, Visa Kenya’s Country Manager –”The #AbsaMobiTap will help to increase financial inclusivity by providing under and unbanked SMEs greater access to digital payments.”
Absa Bank Kenya PLC reported a Profit after Tax of Kshs.4.5 billion for the quarter ended 31 March 2023, representing a 51% growth in comparison to a similar period last year. The impressive results were supported by a significant balance sheet growth, with the Bank’s total assets crossing the half trillion mark, rising by 17% to reach Kshs.515 billion
