Kalixa Group is set to roll-out integrated mPOS, e-wallet and acceptance products across Europe, the Americas, Asia Pacific and the Middle East.
The new products are: Kalixa Pro, a Chip and PIN enabled mobile point of sale device linked to the Kalixa e-wallet; Kalixa Pay, an e-wallet with a prepaid MasterCard that can be used with multiple devices such as mobile phones and tablets; and Kalixa Accept, for the acceptance of online payments, including more than 200 of the world’s most popular payment methods.
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By providing integrated solutions the company aims to provide consumers, small businesses and merchants with increased flexibility when making and accepting payments.
The company claims that it invested more than 100m in designing and building Kalixa’s integrated platform to date. By covering every area of the payments chain the firm hopes to rule out other providers in the value chain, by offering a cheaper solution.
"Most merchants and consumers don’t know that up to ten different companies are involved in making or accepting a single payment, with each one taking a cut and expecting a return. This is adding unnecessary cost, complexity and risk to merchant and consumer payments," said Ed Chandler, executive officer of Kalixa Group.
According to Chandler, the value chain means that merchants have to work with numerous providers to enable basic payment services. This results in a complex process of gaps between various providers, which, according to Chandler, reduces intelligence and increases risk.
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By GlobalDataWith its payments platform, the firm hopes to reduce costs for consumers, such as foreign exchange fees, which can be reduced by as much as 5% when eliminating other firms.
