After online shopping, this space has seen good traction with mobile payment firms like M-Pesa and Oxigen, and certain banks joining the fray, to offer ease and convenience of the cashless mode and promote cash-less and paperless transactions while making merchant payments. While banks have deployed point-of-sales (PoS) terminals at various merchant outlets and launched mobile payment apps, others like Vodafone M-Pesa launched a mobile app recently to carry out transactions like cash deposits, money transfers, and make mobile and utility bill payments.
