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SnapScan users can not pay using the app at FNB Speedpoints, said SnapScan CEO Chris Zietsman."The SnapScan app can scan and pay some non-SnapScan generated QR codes. Before these are enabled, we carefully assess the security, user experience and tech stability of these solutions based on specific criteria to ensure the seamless experience our customers have come to appreciate. "Although SnapScan app users cannot currently scan FNB Speedpoint devices, they can already pay at a wide range of Masterpass enabled businesses such as Engen convenience stores, Payfast ecommerce merchants, and Takealot."SnapScan will be adding to that list in coming months, Zietsman said.

If you look at mobile payments specifically, Africa is actually one of the leaders in this space.Kobus Ehlers, SnapScan, co-founderMeanwhile, Africa's smartphone market is expected to double over the following four years -- at the moment, South Africa is reportedly the biggest smartphone market in sub-Saharan Africa, with a 19% penetration.And as smartphones increase, the paying methods are also becoming smarter."If you look at mobile payments specifically, Africa is actually one of the leaders in this space," says Kobus Ehlers, co-founder of the SnapScan app. "SnapScan was developed in South Africa for the African market, so we try to find really local and relevant solutions and I think it's going to get a massive uptake," he adds.

Right now, SnapScan is only available at formal merchants but the hope is that the e-currency could flow from the phones of customers to the accounts of informal merchants too. It can even be used to send remittances.

In 2014, Standard Bank launched an innovative new app in conjunction with the start-up umbrella company FireID- SnapScan. This app allows its consumers in South Africa to pay for items via their smartphones at retailers who have registered for the app .

In 2014, Standard Bank launched an innovative new app in conjunction with the start-up umbrella company FireID- SnapScan. This app allows its consumers in South Africa to pay for items via their smartphones at retailers who have registered for the app . The idea behind this technology was to increase safety for consumers since this app allows them to leave their bank cards at home. By not having your credit card on you, the creators believe your money is safer.

For those of us who are already struggling with limited memory on our smartphones there is some consideration that needs to happen before we can commit to another app. Here are some pros and cons of SnapScan and my final verdict:

When it initially started, vendors would receive a voucher and redeem it at certain ATMs and received a pin code with that voucher. That became a bit of a problem as some vendors could not read and did not know how to operate the ATM machine so that was phased out. Vendors then had to bring a bank statement for their SnapScan accounts to be linked to their bank accounts. Those vendors who did not have a bank account had to collect their cash every second week. Problems did occur where customers paid short and vendors complained that the right amounts are not in or the money has been withdrawn but there was always a problem and results would show that the money was drawn. All issues were always resolved by SnapScan. And it became a pain with vendors not collecting their money on time and when they don’t keep the proof of their payments on their phones. Hence, I always have to liaise with SnapScan staff. Vendors getting their payments in their bank account is so much better.

When it initially started, vendors would receive a voucher and redeem it at certain ATMs and received a pin code with that voucher. That became a bit of a problem as some vendors could not read and did not know how to operate the ATM machine so that was phased out. Vendors then had to bring a bank statement for their SnapScan accounts to be linked to their bank accounts. Those vendors who did not have a bank account had to collect their cash every second week. Problems did occur where customers paid short and vendors complained that the right amounts are not in or the money has been withdrawn but there was always a problem and results would show that the money was drawn. All issues were always resolved by SnapScan. And it became a pain with vendors not collecting their money on time and when they don’t keep the proof of their payments on their phones. Hence, I always have to liaise with SnapScan staff. Vendors getting their payments in their bank account is so much better.

SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs – just simple payments in a snap!

SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs – just simple payments in a snap!

SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs

We seek to ensure that people save time and have the best payment experience possible. We strive to remove unnecessary barriers, complex fee structures, and time-consuming admin to provide an innovative and streamlined solution for businesses and app users.

In 2013, SnapScan launched one of the first mobile payment apps in South Africa. By combining our ingenuity with Standard Bank's impressive financial infrastructure and expertise, SnapScan has been changing the way South Africans pay and get paid - one snap at a time.

SnapScan has always relied on small, cross-functional teams to get things done. We believe that it delivers stronger results than those delivered by bigger teams. You will join a small, highly leveraged technical team that has buy-in and autonomy to solve problems using whatever tools and means are fit for purpose.

“With Masterpass, we’re enabling consumers to make secure and simple everyday payments wherever they are and from any connected device, without needing to physically carry their bank cards with them,” says Mark Elliott, Division President, Mastercard, South Africa. “Thanks to our collaboration with SnapScan, we are pleased to offer consumers even more places to pay using Masterpass, which is now the most widely accepted digital wallet in South Africa.”Since its launch in 2013, SnapScan has grown its acceptance exponentially, especially among small businesses that traditionally did not have access to traditional Point of Sale devices and relied on cash payments. It makes accepting digital card payments cheap and easy, with merchants simply needing to display a QR code at the till, online or on a bill.“Given SnapScan’s extensive acceptance footprint, the ability to offer merchants a single QR code, which will accept payment from multiple mobile wallet solutions such as Masterpass, is the driving force behind creating interoperability,” says Lincoln Mali, head of group card and payments at Standard Bank. “We believe that interoperability between digital payments platforms is one of the keys to driving digital payments usage and acceptance in South Africa.”

Each Masterpass transaction is classified as an Authenticated Mobile Transaction by South African banks, ensuring that consumers enjoy the highest protection from fraudsters.

SnapScan wants to see a cashless, frictionless society. For the customer, the app poses an alternative to cash and credit cards because it’s faster. Customers don’t need to wait in a queue, or for the PoS terminal to finish processing their payment. You can simply take a picture of the merchant’s unique QR code, enter the amount, and they’ll be notified either via SMS or their PoS system. The merchant can set up the system in five minutes (SnapScan claims) with no hardware required other than a mobile phone. This means that any person selling apples on the street to a department store can integrate SnapScan. There are also fewer costs involved compared to setting up a credit card terminal, the only charge being a 3% transaction fee. Secondly, it’s meant to be more secure. With SnapScan’s method of payment, the merchant never has to handle your details or card. The app user’s card details are stored on their smartphones and protected with their personal PIN codes.

This week, SnapScan rolled its app out to The Big Issue vendors across South Africa, the non-profit magazine that’s usually sold at intersections in urban areas. People with the app can now purchase the latest issue by simply taking a photo of a QR code and typing in the amount they want to pay. There’s no hassle of fiddling for your wallet or looking for change lying around in the car before the light turns green.

Link your SnapCode to a cell phone number to receive SMS confirmation for a payment We can also integrate with a variety of POS and ecommerce solutions View your transaction history in real-time via the Merchant Portal

We have a payment solution to suit you and your customers, just display your SnapCode anywhere you want to accept mobile payments.

Give your customers a quick and easy way to pay. No need for cash, cards or time-consuming EFTs. SnapScan can be tailored to your business’ needs and is the smart, simple and safe way to get paid in a snap. From small market vendors to big businesses or online ecommerce websites, SnapScan has a convenient payment solution for you and your customers.

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.

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.

SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africa’s 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.

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.

Mobile payments can also mean that staff spend less time processing payments, as SnapScan can be integrated with a variety of leading point-of-sale systems

SnapScan - Pay using only your phone. No need to carry cash, load a wallet, worry about your card being skimmed or wait for a credit card terminal. It's the better way to buy.

Consumers can download the MasterPass app from their app store, register, and load their credit, debit or cheque cards from any bank into the digital wallet. To pay, Masterpass users simply need to scan a QR code, or SnapCode, displayed at point of sale or online at a wide range of SnapScan merchants including coffee shops, professionals like doctors and market vendors. They then enter the payment amount into their Masterpass app and confirm the transaction with their ATM pin code or a one-time pin code sent to their mobile phones.

“The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.

With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.

“The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.

Mr Winter, however, feels security is actually enhanced by the likes of SnapScan and FlickPay, as the customer's credit card is never handled by the merchant so cannot be skimmed or copied. Mr Rusagara says the system is secure for both customer and retailer, with QR codes expiring upon use, or after 90 seconds.

"SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."