Following Emerge Mobile’s achievement in being the first South African and African company to achieve international security certifications for its mobile point-of-sale (“MPOS”) system that allows merchants to use their smartphones to accept chip-and-pin card payments, they have powered a disruptive South African mobile financial services provider in iKhokha.

iKhokha, which means “to pay” in Zulu, is a B2C and B2B financial services provider, providing a bank agnostic, internationally accredited MPOS solution which, inter alia, allows any and all merchants to accept secure payments anytime, anywhere; track their business performance and sell airtime all while on the move.

Click here to view a short video on iKhokha.

Emerge Mobile is the first company in South Africa and Africa to achieve international security certifications for its mobile point-of-sale (“MPOS”) system that allows merchants to use their smartphones to accept chip-and-pin card payments from customers; having recently achieved Payments Council International Payment Terminal Security (PCI-PTS) and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for their ‘Edge’ adapter.

Capital Eye Investments Limited (“CEI”), as a private equity / venture capital company focusing purely on technology and associated assets with a particular focus on emerging markets, backed Emerge Mobile in March 2012, as a venture capital investment in a start-up business.

Emerge Mobile are now well positioned both locally and internationally to embrace the opportunities present in many emerging markets predicated on regulatory requirements to migrate to more secure EMVCo inter-operation systems, through both white-label B2B opportunities, as well as direct to the market through their own B2C “iKhokha” brand.

Click on the following links for a few selected articles: TechCentral, ITWeb, MobilePaymentsToday.

Capital Eye Investments Limited together with it’s mobile platform aggregation and mobile applications business, wiGroup, have undertaken to invest behind a start-up business, Emerge Mobile which could ultimately see Capital Eye holding an equity position in Emerge Mobile of over 25%.

The combined portfolio holding, i.e. together with wiGroup’s equity participation could take the overall investment to 33.5%.

Emerge Mobile is a young, innovative, start-up technology business that’s looking to release a revolutionary turnkey product and service offering to the mobile financial services market in due course. More exciting news about this venture will be announced in due course once its product is officially launched to market.