WeChat ties up with Standard Bank on digital wallet
WeChat has teamed up with Standard Bank to introduce a digital mobile wallet, ITWeb reported. The wallet will allow users to send cash to friends and family, store bank cards and make instant cash payments within WeChat. Information of up to three chip and PIN debit or credit cards, which are verified by Visa and MasterCard security systems, can be saved in the WeChat Wallet.
WeChat Wallet users can cash in and cash out at Standard Bank ATMs and participating retailers, including Spar, Spar Tops and Cambridge Food Stores. Cards can also be used to cash in and increase a wallet's cash balance, pay for services on WeChat such as airtime, electricity and food, or pay SnapScan merchants.
Source: Telecompaper 25 November 2015