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iKhokha

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Introduction

Running a small to medium-sized enterprise (SME) in 2026 means having the right software and hardware to accept digital payments. Digital payments range from card payments, tap-to-pay by card and now tap-to-pay by phone. To effectively accept digital payments you will need a point-of-sale (POS).

What is POS?

A point of sale (POS) allows merchants to handle payments and record transactions. It’s a computer-based terminal that can also track inventory, monitor buying trends, create invoices, and collect marketing data. The system can be used in both physical stores and online platforms. Its integrated technologies include barcode scanning and touchless payments.

South Africa has a range of fintech companies that offer POS systems. One of the most popular options for SMEs is iKhokha.

What is iKhokha?

iKhokha is a South African fintech company that provides mobile Point of Sale (mPOS) solutions, card machines, and business tools. Founded in 2012, its name translates to “to pay” in isiZulu. It empowers SMEs to accept digital payments without expensive bank rentals or long-term contracts.

What Does iKhokha Offer SMEs?

iKhokha offers South African SMEs an all-in-one, affordable Point of Sale (POS) solution designed to replace traditional cash registers. Their ecosystem combines payment hardware, business software, and financial services, all with no monthly rental fees and low transaction rates.

Main Features

Card and Mobile Payments: Accepts all major debit and credit cards (Visa, Mastercard, AMEX), plus NFC/contactless and mobile wallets.

iK Pay Link and Invoices: Generate digital invoices and send secure payment links to customers via WhatsApp or email.

Ik Tap on Phone: Turn your existing Android or iOS smartphone into a card machine without extra hardware.

Automated Stock Tracking: iKhokha’s integrated system automatically adjust inventory levels as items are sold.

Reporting: Track sales, monitor busiest trading times, and calculate profits instantly.

iK Cash Advance: Access fast, flexible working capital based on your trading history.

Ik Vend: You can earn extra revenue by selling prepaid electricity, airtime, and gaming vouchers directly from your POS device.

iK Accounting: Reconcile payments, track income, and generate financial reports seamlessly.

Dynamic Rates: Transaction rates start low, scaling down as your monthly sales volume increases.

Pricing

iKhokha has two POS machines available for purchase. The iK Tap on Phone is free on the app.

iK Flyer – R1499 once-off and R75 per month for the Dual SIM with an option for unlimited data.

iK Flyer Lite – R699 once-off and R75 per month for the Dual SIM with an option for unlimited data.

iK Tap on Phone – Free on the iK app. Has no monthly fee and no SIM fee.

Card Machine Rate – Card machine rate start as low as 2.5% and decrease as you make more sales.

Online Rates – Online rates start from as little as 2.85% (excl. VAT).

Custom Rate – Businesses processing over R100,000 per month qualify for a custom rate.

You can leverage the online calculator using your expected monthly earnings (based on the 3 calendar months) to see what rate you’ll pay.

Pros and Cons

Pros

No monthly fees
Access to merchant cash advance financing
Low transaction rates

Cons

POS machines require constant Internet connectivity
Payouts can be slow with external banks
FAQs

You can sell prepaid products through iKhokha, including airtime, data, electricity, DStv, Lotto and gaming vouchers. Availability may depend on your device, profile or setup, so some merchants may need activation or support if a prepaid option is not yet visible.

Unfortunately, activating and using Ikhokha currently requires a smartphone with Bluetooth connectivity.

Contact iKhokha support immediately to report your lost device. They can deactivate the machine to prevent unauthorised use. You can then order a replacement.

Payout times depend on your payout method and bank. If you use the iK Debit Card with a linked GoTymeBank EveryDay Account, you can get same-day payouts. If you use an iK Flyer or iK Flyer Lite and bank with ABSA or FNB, funds can reflect as soon as the next business day. Other banks may take longer.

 

Yes, iKhokha supports cash-back functionality. However, certain conditions and limits may apply. Check the iKhokha support resources for details.

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