What is Merchant Acquiring?

MAB (Merchant Acquiring Business) primarily refers to the mechanism of facilitating payment for goods and services purchased through the medium of a card. The payment can be in a "Card Present" environment (by swiping the card at the Point of Sale (POS) Terminal) and/or "Card not Present" environment (On-line transactions using cards, Mail Order, Telephone Order, mobile transactions, etc.).

Products/Services Offered

  • PSTN - Connectivity is provided through a telephone line
  • Desktop GPRS - Connectivity is provided through a GPRS SIM.
  • Portable GPRS - Connectivity is provided through a GPRS SIM. This terminal gets power from a battery inserted into the terminal and as such may be moved anywhere.
  • mPOS allows customer transactions to be processed by a smartphone or tablet
  • Cash@POS: Cash withdrawal at POS
  • DCC: Dynamic Currency Conversion: Enabling foreign card holders the convenience to pay in their home currency.

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