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During the interview, Ehlers provided some personal insights regarding difficulties facing today’s entrepreneurs. “For me the hardest part was realising a company has been built that a lot of people work for and depend on, and if serious mistakes are made, you and your whole team could be without any kind of job security, without any kind of safety net – and the whole show just ends tomorrow.” Even in light of SnapScan’s success, Ehlers still warns of the idolisation of ideas. “What comes to mind first is to really not over-value your idea. Ideas are important, absolutely, they inspire us, they drive us to experience something. But ideas aren’t always special, you have a lot of them every day. “The really hard part is turning that idea into a reality. Ideas aren’t absolute, they require analysis and change to eventually find something that really works.”

In order to prevent fraudulent transactions, Paga has put certain measures in place to protect its users. A user logging into an unrecognized device, for example, will have to answer a couple of security questions before proceeding. Again, every transaction using Paga has to be finalized with a personal PIN known only to the user.

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.

SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones.

Always a step ahead of the game when it comes to finding innovative solutions to keep their customers satisfied, our smart friends over at EasyEquities partnered with InvestSure in 2018 to provide a safety net for a selection of shares in their portfolio.

Pula is providing radically restructured agriculture insurance for smallhold farmers in Africa. Using satellite technology and data to provide previously uninsured landowners with a better safety net, Pula policies are free for the farmers. Premiums are paid by input companies or farm aggregators whose business interests are served by protecting farmers’ incomes.

People across the world are economically impacted by the COVID-19 Coronavirus pandemic. Funding these loans will provide a financial safety net during an uncertain time, in addition to leading borrowers on a path to recovery.