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mehdibella

Standard Bank snaps up major stake in SnapScan maker | Fin24 - 1 views

www.news24.com/...of-snapscan-developer-20161212

Fintech finance SouthAfrica snapscan

shared by mehdibella on 11 Feb 21 - No Cached
  • The company will continue to develop and expand its offering to provide a range of product development and payments services.Kobus Ehlers, Firepay CEO, said: “Our team is looking forward to building out our payments platform to solve the real-world payments problems we have always focused on, and to provide customers with the best experience possible. We’re excited to work with Standard Bank in our mission to achieve this both in South Africa and across the continent.”
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.“Firepay’s experienced team and industry know-how will be used to bolster Standard Bank’s emerging payments strategy,” she added.In addition to SnapScan, the Firepay team’s technology platform already enables payments for several clients, including WeChat and Masterpass.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      SnapScan's plan for expansion seems very important to me. They will accomplish enormous things on the African continent with the financial aid of Standard Bank and the special service that SnapScan offers.
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.“Firepay’s experienced team and industry know-how will be used to bolster Standard Bank’s emerging payments strategy,” she added.In addition to SnapScan, the Firepay team’s technology platform already enables payments for several clients, including WeChat and Masterpass.
  • ...3 more annotations...
  • Johannesburg - South African financial services provider Standard Bank has acquired a majority share of Firepay, the company behind the quick response code payment app SnapScan.
  • Firepay launched the SnapScan app in partnership with Standard Bank in 2014 and today has 32 000 physical and online merchants.The app, which is connected to a bank account or mobile wallet, allows users to make payments from their mobile device by scanning a QR (quick response) code.
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.
    • mehdibella
      mehdibella on 13 Feb 21
       
      I find that Contributing to students wellfare is amazing by this parternship.
  • hichamachir on 11 Feb 21
     
    SnapScan expansion strategy seems quite interesting for me. With the financial help of Standard Bank and the unique service that SnapScan provides, they can achieve huge things in the African continent.
hindelquarrouti

Standard Banks snaps up SnapScan maker - 0 views

www.iol.co.za/...naps-up-snapscan-maker-7139001

sna Snapscan fintech Firepay

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • A year after launch, Firepay, in partnership with Standard Bank, launched SnapScan to allow customers to pay for goods and services using only their mobile phone.
  • hindelquarrouti on 13 Feb 21
     
    Snapscan with Firepay will proceed to create and extend its offerings in order to came up with a wider range of payment services.
nourserghini

Here are eight SA fintechs that local banks are working with [Updated] - Ventureburn - 0 views

ventureburn.com/...t-local-banks-are-working-with

Snapscan SouthAfrica Standard bank acquisition

shared by nourserghini on 13 Feb 21 - No Cached
  • Arguably the bank’s most well-known fintech acquisition in recent years is the QR code payment app SnapScan. In 2016 the bank acquired a majority share of Firepay, the company behind Snapscan, for an undisclosed stake.Firepay, which was co-founded in 2013 through startup incubator FireID by Kobus Ehlers and Malan and Philip Joubert among others, launched the SnapScan app in partnership with Standard Bank in 2014.
    • nourserghini
      nourserghini on 13 Feb 21
       
      The article states that Standard Bank's most known acquisitions was Snapscan and that Firepay was the creator of Snapscan app with the partnership of Standard.
chaimaa-rachid

Standard Bank acquires SnapScan maker - TechCentral - 0 views

techcentral.co.za/...70630

Firepay SnapScan standars-bank's

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Firepay launched SnapScan in partnership with Standard Bank in 2014. The SnapScan app allows users to pay for goods and services using only their mobile phone. Today, the company has 32 000 physical and online merchants.
  • chaimaa-rachid on 13 Feb 21
     
    Snapscan with Firepay will continue to make and expand contributions to offer a large choice of payment services.
mehdibella

SnapScan positive in face of strong competition from Apple and Samsung - 0 views

mybroadband.co.za/...on-from-apple-and-samsung.html

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • SnapScan launched in South Africa in May 2014, although the app had been operational since June 2013. The app was launched in partnership with Standard Bank, and the bank ultimately acquired the developer of SnapScan, FirePay, at the end of 2016.
    • mehdibella
      mehdibella on 13 Feb 21
       
      I am amazed by the new release of SnapScan which is another installment channel called SnapBeacons through which Clients can basically tap a catch in the SnapScan application to start the exchange through Bluetooth.
  • “What they lack, specifically in Africa, is merchant and business acceptance. As a result, they are reliant on banks to issue card tokens to their wallets and to roll out a merchant acceptance network.” SnapScan, on the other hand, is a potential solution for businesses where card terminals are not cost efficient or appropriate.
tahaemsd

SnapScan is a ZA based company founded in 2013 - 2 views

gomedici.com/snapscan

Fintech Africa Payments modernization Service

shared by tahaemsd on 11 Feb 21 - No Cached
  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones. The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date. SnapScan is an easy, affordable and convenient way for merchants to accept payments; as well as a safe, secure and seamless payment option for users. SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date.
  • ...2 more annotations...
  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones.
  • MEDICI Analysis Snap Scan was acquired by Standard bank in Dec 2016. It is a product of Firepay which provides a mobile wallet that allows customers to link their cards or load money in their mobile app and pay at the merchants' site by scanning QR code. The app make it an easy, affordable and convenient way for merchants to accept payments and a safe, secure and convenient payment method for users.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      mobile wallet that allows customers to link their cards or load money in their mobile app
  • hichamachir on 11 Feb 21
     
    SnapScan solved a big problem in South Africa but can they solve other future problems? They need to find other problems, so their product doesn't get old.
  • samielbaqqali on 12 Feb 21
     
    Other issues need to be detected by SnapScan, so their product doesn't get outdated.
  • hindelquarrouti on 13 Feb 21
     
    It is interesting the inclusion that Snapscan has created, and how it has combined speed and safety with the knowledge and experience of Standard Bank.
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