Kazang Zambia, the country’s leading provider of value-added services (VAS) point-of-sale terminals, has made a significant step forward with the launch of its Kazang Pay solution.

This innovative payment gateway allows merchants to seamlessly accept card payments on the same terminals they use for mobile money, bill payments, and other prepaid services.

Building on its successful launch in South Africa, where over 60,000 small and micro merchants utilise the platform, Kazang Pay is now empowering Zambian businesses to grow and thrive.

With a huge network of approximately 12,000 VAS terminals spread across Zambia, Kazang is set to transform the payment landscape. The company aims to equip a substantial portion of its merchant base with the ability to accept VISA debit and credit cards, as well as mobile wallet payments, within the next six months.

This strategic move aligns perfectly with Zambia’s rapidly growing card usage and point-of-sale (POS) transactions, which reached a remarkable value of over K111.4 billion by 2022.

Leon de Wit, Managing Director at Kazang Zambia, emphasised the significance of this development, stating, “Zambia has made substantial progress in financial inclusion, and Kazang Pay empowers merchants to effortlessly accept card payments on the same versatile terminal they already utilise for vending VAS products.”

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Key Benefits for Zambian Merchants:

• Low Transaction Fees: Kazang Pay offers competitive transaction fees, making it a cost-effective option for merchants of all sizes.
• No Monthly Terminal Rental Fees: For merchants who meet a lower transaction threshold, Kazang Pay eliminates the need for monthly terminal rental fees, further reducing costs.
• Expanded Business Opportunities: Accepting card payments can attract more customers and increase sales for Zambian businesses.
• Same-Day Settlement: Merchants can enjoy the convenience of same-day settlement to their Kazang wallets, improving cash flow management.
• Comprehensive Business Tools: Kazang Pay provides valuable features like sales tracking, cash flow management, and potential access to loans, helping merchants make informed decisions and grow their businesses.

Kazang’s Commitment to Regional Expansion:

The successful adoption of Kazang Pay in South Africa demonstrates its appeal to small and micro merchants. By expanding into Zambia, Kazang is reaffirming its commitment to empowering businesses across the region with affordable and comprehensive digital payment acceptance capabilities.

Key Features of Kazang Pay:

• Versatile Payment Options: Accept SASSA, Visa, and Mastercard debit and credit cards on the same POS device.
• Easy Top-Ups: Conveniently top up your Kazang Wallet using your debit or credit card.
• Secure Transactions: Benefit from a secure scramble PIN pad for added protection.
• Instant Settlement: Funds are instantly available in your Kazang account or wallet after a successful payment.

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How Kazang Pay Works:

1. Vend or Ring Up: Select the desired product or service.
2. Choose Kazang Pay: At the payment screen, select the Kazang Pay option.
3. Tap or Insert Card: Guide your customer to tap or insert their card into the POS device.
4. Enter PIN: Have the customer enter their PIN on the secure PIN pad.
5. Payment Complete: The payment is processed instantly, and funds are credited to your Kazang account or Wallet.

The Future of Digital Payments in Zambia:

Kazang Pay’s entry into the Zambian market marks a significant step towards a more digitalised economy. As more merchants adopt this innovative solution, we can expect to see increased convenience, efficiency, and financial inclusion for both businesses and consumers in Zambia.