Home News Businesses asked to embrace digital economy

Businesses asked to embrace digital economy

Following the rise of numbers of people infected with the coronavirus, a local tech firm urges businesses to embrace the digital economy. The move will help prevent further spread of the deadly virus.

A digital economy discourages physical contact and social gatherings. Consequently, people will practice social distancing and not be exposed to the virus.

Kibo Capital Group Ltd. is a strategy and innovation tech firm that is pushing for the digital economy to come into force. Even though the coronavirus pandemic is threatening people’s existence, people at the firm say that it is an excellent opportunity to rethink business models.

Their primary focus is on making payments and issuing receipts. Mr. Oketch is the director of Kibo Capital Group Ltd. His firm specializes in  PaymentGate digital receipts. Mr Oketch says that digital receipts are secure and clients can access them easily through a link. The link is sent to the client’s phone after paying for purchases.

Digital receipts

Mr. Oketch believes that digital/ e-receipts are essential at this time, especially for businesses like supermarkets. Despite the clients not wanting to come into contact with anything that may expose them, they still need to keep track of their purchases. This is where the e-receipts come in.

“With PaymentGate, when one pays for a service or good, the client receives a message with a link that gives an instant branded tamper-proof e-receipt showing the name, quantity of goods or service purchased,” Mr Oketch said.

E-receipts are, in fact, very environment friendly. Additionally, the innovation will help fight the spread of coronavirus since it discourages physical contact. The death tolls continue to rise every day, although no death has occurred in Kenya due to the virus.

Most business people and customers have expressed interest in the e-receipts. However, some raised their concerns on the possibility of the systems being hacked.

In response, Mr Oketch assured them that they already put measures in place to ensure that their systems can not be hacked.

Win-win situation

Currently, the innovation targets both small and large businesses. It is a win-win situation because the files are stored online. This way, if a client raises an issue, the records are accessed easily, and the business person activates automatic reconciliation.

Other innovations

Other than PaymentGate, the firm launched Tsenda. Tsenda is an online platform for buying airtime and electricity tokens. It also reduces physical contact and promotes social distancing.

15,512FansLike
3,427FollowersFollow

NEWS JUST IN

Senegal recoveries reach 105 as infections climb to 237

Senegal has confirmed that the number of people to have recovered from COVID-19 has hit 105. Highest recovery rate in Africa, 7th worldwide Senegal has the...

Premier League could be ended, Liverpool awarded title

The Premier League season could end in the coming days, several sources say. COVID-19 stops the sporting world With COVID-19 having brought the world to an...

MPs and Senators to face hard lesson on public health

When news emerged that 17 MPs and senators had tested positive for COVID19 coronavirus, Kenyans took to social media with their reactions. The reactions ranged...

Be ready for bad news- CS Kagwe tells kenyans

The government has asked Kenyans to prepare themselves for ‘bad news’ following the  Covid-19 spread in the country. According to Health CS Mutahi Kagwe, measures...

Government forecasts loss of Ksh172 billion in revenue

The state has projected a revenue loss of Ksh172 billion after the tax incentives are used in measures to curb the effects of the...

CS Kagwe announces new measures as cases hit 172

Health CS Mutahi Kagwe announced a new raft of measures as the numbers of COVID-19 cases in Kenya rose to 172. The CS confirmed that...

Purity Ngirici sparks the internet as she joins in the don’t rush challenge [VIDEO]

Kirinyaga Women Rep Purity Ngirici showed her youthful side when she decided to participate in the ongoing don't rush challenge. The video challenge has...

WhatsApp to impose ‘strictier’ measures on forwading to curb fake news spread

Messaging giant, Facebook-owned WhatsApp is set to impose new and stricter measures on forwarding of messages to curb the spread of fake news during...
Loading...