Wallettc adds SnapScan to its payment options | Considering African expansion

Money Transfer

South Africa’s Wallettec, a SaaS platform that enables retailers to accept any type of mobile transaction or currency at their Point Of Sale has partnered with  Snapscan, in a move expected to allow thousands of shoppers use their smartphones to pay for goods at over 10 000 stores all over the country.

Before SnapScan, Walletec recently added Bitcoin, M-PESA, Kopo Kopo, Airtel Money among others in its drive for cashless transactions.

Johan Meyer, CEO and Founder of Wallettec says “the vision of Snapscan in building a cashless society speaks to what we are trying to achieve, making mobile Point of Sale transactions easier and convenient for every retailer in South Africa’.

According to Meyer, Wallettec aims to assist retailers and mobile money providers by supplying them with a single integration point into existing point of sale systems, meaning it can accept any digital wallet hassle free through a single transaction. The integration process is seamless and painless with no learning curve necessary for merchants who use the platform”.

SnapScan is simple to use. Users open SnapScan and use their smartphone’s camera to scan the SnapCode displayed at the checkout or on the bill then they enter the amount they want to pay and confirm payment with a 4-digit PIN and their payments are done, just like that.

By coming on Wallettec, users get one more efficient payment option at the till or for their various bills. This will also help retailers give more payment options to their customers at their POS. Wallettec aims to launch in Namibia, Kenya, Tanzania and Zimbabwe this year.

Source: Techmoran 4th February 2015