Denis Opudo
The inception of payment gateway by the local fintech startup Airbuy seems to be more secure for the customers. The new platform will enable the e-commerce platforms to receive payments, without the customers necessarily disclosing their bank details.
Airbuy is an accepted online payment platform that gives the African business partners to make immediate online payments across the globe. It is convenient since one does not have to use a credit card nor a debit card to make prompt payments. Therefore, it is more secure since it eliminates the risk that may emanate from sharing personal bank details when making payments. Airbucks is the platform used for making payments. Therefore, Airbucks act as tokens when making payments through the platform. Besides, customers can earn tokens via marketing campaigns and promotions. One can also access the tokens through direct deposits into the platform.
The initial startup is based in Tshimologong. It has three founder technical entrepreneurs. Makhathini who is the head of business development in this initial startup expounds on their intended partnership with various financial institutions. The aim of this partnership is thus to ensure, more financial services and products are available across the continent. He also continues to argue that most transactions in the marketplace require the customers to have the cards. However, this is challenging due to the increasing crime scenes evident across the globe.
The MIT Global Startup Labs is a securely innovative programme. It is enriched in providing technology entrepreneurship in the marketplace initiated the startup. This new startup thus gives the Africans, the sounding opportunity to successfully trade online limiting the risks associated with cybercrimes. Makhathini also notes that their first interest is now to focus strictly on Airbuy. They want to ensure that the services are available across the globe to enable the customers to make payments promptly. The outsourcing of new markets has begun, and South Africa is covered. There are overwhelming plans set aside to ensure that the maximum countries are incorporated to enhance the project.
