The 543 model provides a real service - offering many withdrawal options, and promoting financial inclusion (as a bank account is not required for all their services). See below for more details about 'Cash Out', a service for those with bank accounts.
For the merchant
For the customer
Other distribution channels:
Current services on board include pin and pinless airtime for Airtel, MTN and Zamtel; ZESCO, DStv, and GOtv bill payments, Madison Life Tilitonse Insurance bill payments and iConnect iSpot and iBundles.
543 Konse Konse machine
Sell Airtime for all networks i.e. through pins (Pin-Top up) or by sending direct to the mobile phone (direct-top-up) through the Konse Konse machine. The Konse Konse machine is equipped with two SIM slots for redundancy and doesn't require data to process transactions. There is no need to constantly recharge the SIM cards.
Sell airtime and pay bills through *543#
Distribute airtime and pay for bills using any handset through *543#. Order stock, view latest sales and reconcile using *543# (for all 543 channels).
Distribute airtime and pay bills online
Distribute airtime and pay bills to multiple recipients within minutes online – 5000 recipients in under 10 minutes. The 543 Konse Konse free online service will also allow you to distribute staff airtime allowances.
Aggregation of airtime and bill payments
Integrate your existing channels into 543 to distribute airtime and bill payments. Integration can be done through pre-defined web services or custom built Application Programming Interfaces (APIs). Channels that can integrate include till systems, internet banking, ATMs, and mobile banking.
Advantages of the Konse Konse machine over scratch cards
Benefits for merchants
543 has recently introduced 'Cash Out' for customers with bank accounts. This is an exciting product that allows customers to withdraw funds from their bank accounts through the 543-network in all provinces. In addition to withdrawing funds, customers can also send money, and pay for goods both in store and online. All these options are available via the customer's mobile banking menu. All a customer has to do is select 543 Cash Out and they will have access to their funds through 543. This is a card-less transaction that allows customers access to their bank accounts from more touch points.
A Cash Out code can be generated from any banking option, i.e. Mobile Banking or Online Banking. Customers can use Cash Out from any 543 points (Konse Konse machine or USSD merchant).
Konse Konse point of sale machines are reliable, with two network connection options. A merchant Konse Konse machine uses a USSD connection which is more stable than GPRS, but customers also have the option to use GPRS if they prefer. Merchants can access their accounts through 3 channels i.e.
The Konse Konse machine vends both pin (Pin-Topup) vouchers and pin-less (Direct-Topup) vouchers. All sales through the Konse Konse machine can be tracked online, and business owners can view sales reports for better planning purposes. The Konse Konse machine allows multiple cashiers to sell from the same 543 account, and sales can be easily reconciled.
The Konse Konse machine has many advantages over scratch cards:
The Konse Konse machine also offers better stock management: