KaiOS partners with Mastercard to enable SMEs in emerging markets to accept digital payments via affordable KaiOS-powered devices, starting in Africa. (Image source: Adobe Stock)
KaiOS, the leading operating system that brings internet access to affordable devices, has announced a new partnership with Mastercard to integrate a variety of digital payment solutions
Starting in Cote d'Ivoire and Nigeria, the collaboration aims to offer accessible payment acceptance devices, promoting the development of a more inclusive and interconnected global economy.
Small and medium-sized enterprises (SMEs), particularly in developing regions, face challenges when it comes to adopting digital payments, including high costs for traditional payment terminals and technical hurdles. This creates a barrier for these businesses to fully participate in the digital economy, limiting opportunities for inclusive growth.
Transforming business transactions
Through their partnership, KaiOS and Mastercard aim to empower millions of SMEs worldwide to accept digital payments using KaiOS-powered devices. Even the smallest businesses will have the capability to securely and efficiently accept payments via Mastercard QR Pay by Link, with plans to introduce Tap & Go contactless technology in the future.
The onboarding process is straightforward. Business owners simply register using their KaiOS phone, entering their credentials and verifying through a one-time password. Once authenticated, they can immediately access and utilise a range of digital payment services.
Jorn Lambert, Mastercard's chief product officer, commented, "Acceptance fuels a successful digital economy, so it’s critical that we meet people where they are today and move them forward together. Whether it’s a micro-merchant in Cote d’Ivoire to an enterprise in Indonesia, our goal is to make it as easy for merchants to accept digital payments as it is for consumers to make them. We’re looking forward to working closely with KaiOS to bring the best of our technology, scale, and expertise together to drive growth for emerging markets around the world."
Sebastien Codeville, CEO of KaiOS Technologies, emphasised, "At KaiOS, our mission is to connect underserved communities with the digital world. By bringing Mastercard's secure payment technology to affordable internet phones running KaiOS, we're unlocking new opportunities for small businesses and entrepreneurs, allowing them to participate in modern commerce more fully. This innovation brings down the barriers and enables an affordable consumer device to become a powerful business tool."
This partnership further strengthens the relationship between KaiOS and Mastercard as the operating system continues to expand its reach. Currently, KaiOS collaborates with major carriers, mobile network operators, and phone manufacturers in emerging markets, and is planning to broaden its scope to include acquiring banks, fintechs, and payment facilitators. KaiOS was also part of Mastercard's Start Path programme, designed to foster digital inclusion by embedding innovative payment solutions.
The initial focus of the partnership will be on African markets, with Mastercard and KaiOS working alongside local partners like Touch and Pay Technologies (TAP) and Wizzit to bring these solutions to merchants in the region.
