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mehdibella

Cape Town goes cashless as mobile payment apps take off - BBC News - 0 views

www.bbc.com/...business-30184359

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • Fast paymentsViews like these account for the arrival of a number of different mobile payments options. SnapScan has garnered the most attention, but the sector also includes the likes of FlickPay, Zapper and GustPay.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is useful because it states that other fast payment companies in the region's sector are FlickPay, Zapper and Gustpay, which makes them potential competitors for Snapscan.
  • SnapScan merchants receive a static QR [quick response] code - or SnapCode - identifier to display next to their tills.
  • "SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."
  • ...4 more annotations...
  • "SnapScan instead tries to give access to electronic payments to a large group of merchants who do not qualify for formal card payment facilities, or where card machines do not make sense," he says.
    • mehdibella
      mehdibella on 13 Feb 21
       
      I find that SnapScan is very useful as it provides its customers with an easy navigation platform, security, and a 10 min max sign-up process, in addition to many key features. Furthermore, This mobile payment app serves not only small startups and vendors but also larger merchants.
  • "We've seen a lot of interest from churches in the last few weeks, for instance, as the app allows for immediate, relatively large donations, while also eliminating the hassle of managing and administrating cash collections," he says.
  • "At its core, SnapScan is about giving everyone access to fast, convenient and safe electronic purchases," says co-founder Kobus Ehlers. "We designed the product to suit a wide variety of shops, from the largest retailer to a small street vendor selling fruit next to the side of the road."
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      SnapScan is offering fast, convenient, and safe electronic purchases.
  • Instead, she's one of a growing number of people in South Africa's Mother City who are leaving their wallets at home in favour of digital money apps."I use SnapScan," she says. "I love it. If I find someone using SnapScan I will buy something even if I wasn't intending to. "I find myself telling small coffee shops and vendors at markets that they should get it. I love not needing cash on me. I love not handing over my credit card."
    • ayoubb
      ayoubb on 13 Feb 21
       
      Snapscan
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