All you need to know about the BlinkPay cashless solution – Techjaja

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Blink Systems is a Ugandan based company that provides last-mile solutions for all mobile money end users. Through its tailor-made BlinkPay Point of Sale (POS) terminals, it enables different merchants (shops, supermarkets, restaurants, fuel stations, transport companies, insurance companies, and schools) to conveniently and securely accept mobile money as a method of payment at a very affordable cost.

While Blinkpay customers enjoy the convenience that comes with their services, their agents also conveniently manage one wallet or account for 3 accounts including MTN Mobile Money, Airtel Money, and Africell Money.

For online merchants, Blink Systems offers mobile money website integration to enable clients to pay for goods and services using mobile money directly to the merchants account.

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The BlinkPay POS terminal enables merchants to offer extra services to their customers such as utility Payments (water and electricity), airtime vending, Pay TV, and URA payments. These extra services bring extra revenue streams to the merchants in form of commissions earned by the merchant on every transaction made on these extra services.

BlinkPay POS terminal is comprehensive and can be used for other methods of payment such as cash payments and card payments. It integrates all methods of payments giving the merchant one round solution. It offers statements on all transactions enabling the merchant to keep records of all the business transactions.

Commission Sharing

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Blink Systems charge a 3% commission of the total value on each transaction. This commission is shared with the merchant in case of bill payments, airtime vending, school fees, and URA payments.

Blinkpay Pricing

BlinkPay POS costs 500,000 UGX (five hundred thousand Uganda Shillings and comes preloaded with the same amount to facilitate bill payments and airtime vending for the merchant. In other words, there is no risk to the merchant since the initial investment of 500,000 UGX is returned to the same merchant as capital for bill payments and airtime vending.

Requirements to sign up

To sign up for BlinkPay one is required to have a trading license and certificate of incorporation for companies or a national ID, or driving permit or passport for individuals. Payment of 500,000 UGX will be deposited on the Blink Systems account by the client to activate airtime vending and bill payments.

Due to the fact that the merchant did not pay any amount for the Blink POS terminal, the POS remains the property of Blink Systems Limited. Blink Systems will offer support services and connectivity. The merchant will replenish the printing paper at their cost.

Termination

A merchant may withdraw from using the Blink POS at any time by requesting a withdrawal form from Blink systems. The form can be requested through email, over the phone, or through any of the Blink Systems support staff. Blink Systems support staff will collect the POS terminal together with a withdrawal form signed by the merchant.

Blink Systems may withdrawal a POS terminal from a merchant under the below conditions:

i. The POS is inactive (no transactions on the POS within 90 days).

ii. The POS in not able to connect to Blink servers due to poor network coverage

iii). The POS is being used for illegal activities

Upon withdrawal, the entire amount, if any, in the merchant’s account shall still be available to the merchant and the merchant’s account shall remain active. Any merchant who withdraws from the Blink Systems may again become a merchant with Blink if they meet the necessary requirements.

The company also has other products including Blink Bulk and Blink 2 Bank. Users can now access 28 local banks through blinkpay to receive payments, earn through airtime & data sales, access inbuilt management inventory, and make bulk payments to suppliers via mobile money or bank account.

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