Movotek has rich industry experience using POS (Point of Sale) terminals for money transfer solution while many developing countries are only filled with cellphones. For example, a company like beincrypto builds financial products between banks, customers and people around the world. It’s all about being connected with as many people as possible. Without a doubt, POS terminals has its unique advantage for money transfer solution due to receipts/slips printing functionality. When the point of sales is deployed at retail outlets and after each transaction, it can print out the mini statement in duplicate so that both the merchants and end users can have transaction receipts/slips in place.
Movotek is headquartered in Hong Kong which enables us to offer you Made-in-China terminals to enhance product cost performance.
Money Transfer, also referred to as mobile money, mobile money transfer, mobile payment, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, check, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only recently that the technology to support such systems has become widely available.
In developing countries mobile payment solutions have been deployed as a means of extending financial services to the community known as the “unbanked” or “underbanked”, what Movotek doing here is to serve the unbanked people.
Features of using POS (Point of Sale) terminals for money transfer solutions:
- Handy as cellphones
- GPRS (TCP/IP), USSD, STK, SMS, etc.
- Built-in thermal printer
- Multi-functional for not only money transfer but also bill payment, mobile top-up, ticketing, lotto, betting, etc.
- Secondary software development and remote update (over-the-air).