KINEKT is the world's 1st Low Cost Open Payments Network + POS Terminal solution available for ANY Payment Provider to use = OFFLINE or ONLINE.
3RD WORLD MARKETS
The solution works similar to QR Code payments but WITHOUT requiring smartphones or the internet. Users simply Dial or Scan USSD Strings displayed at POS = Giving Payment Providers ACCESS TO 2 BILLION UNDERBANKED USERS.
Additionally, the novel integrated use of USSD channels make it possible to ACQUIRE MILLIONS of points of sale simply by flooding markets with USSD Coded Stickers, at a fraction of the cost required for hardware terminals.
1ST WORLD MARKETS
For traditional markets Payment Providers can use KINEKT to enable direct Internal Bank, or Bank to Bank Payments at physical POS, thereby eliminating the need to use costly (closed loop) EMV Card Terminals / Networks.
Additionally, KINEKT provides a solution to billions in card skimming fraud, a method to introduce Cryptocurrency Payments at scale, and a counter measure (for banks) to compete with the threat posed by Alipay & Wechat Pay.
The World’s 1st Open Payments Network
+ Low Cost USSD (QR) Coded TERMINAL!
JUST DIAL or SCAN Code + PIN TO PAY!
*Underbanked, Banked & Cryptocurrency Payments
*Works ACROSS handsets, with or WITHOUT Internet
*Switchless Payments & "Unified Wallet" Experience
The global point of sale market continues to be served by terminals with significant functional, security and cost related problems, including the following;
1. High roll-out, maintenance and transaction fees.
2. Under-banked mobile money users are excluded.
3. Closed loop payments = market is fragmented.
4. Continued use of bank card credentials = fraud.
5. Cryptocurrency wallet payments are excluded.
6. Don't work across handsets, is NOT interoperable.
KINEKT provides a solution to ALL of these problems!
473 Alexander Street, Pretoria, Gauteng 0181, South Africa
KINEKT Terminals SA (Reg.2017/508882/07)