Technology Association of Georgia (TAG)  announces 10 startups selected for the Fintech South Innovation Challenge 2020 class. Beginning Sept. 3, the companies will participate in a four-week virtual Education and Mentoring program, which aims to accelerate early stage fintech companies in the region through instruction and mentoring

This year we expect to see mass adoption of QR – contactless – and mobile payments. 2021 will see mobile network operators like MTN and Vodacom, which have had many fits and starts in mobile payments, coming back aggressively and this might be the year they can mainstream payments on their platforms by partnering with fintechs. 

QR code – Support for QR code payments from all major platforms, including Snapscan and Zapper.

SnapScan only works with most ecommerce enabled debit or credit cards from any South African bank, as well as most international credit cards. 

SnapScan pay links A SnapScan merchant can send you a pay link via SMS or email, which allows you to skip the whole scanning bit altogether, once you tap the link it takes you directly to the pay screen of your app. In-app purchases Take a look inside your SnapScan app. You’ll notice there’s a Prepaid section for airtime, data, and electricity, as well as a section to pay your bills, pay for parking, and donate to the causes close to your heart.

From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.

"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."

Once you have registered as a SnapScan merchant you will be given a SnapCode (merchant ID) which is configured in Panacea.  Panacea will then print QR codes at the bottom of your statements.  QR codes are "two-dimensional barcodes" - see image on the right.  These QR codes contain your SnapCode (merchant ID), a unique tracking reference number as well as the amount payable.  The patient simply scans the QR code using their SnapScan App, then enters their secret PIN code and that's it!  Click here  for a detailed description of how your patient's would make a payment.

There are a few ways in which you can reverse the transactions when they happen, and a good chance to get your money back.

Despite the fact that the user had not given out any details, he lost all the money on his M-Pesa account.But the telecommunication company told the Star that it has been running a campaign on fraud advising customers that it only calls from the 0722000000 line.A senior officer who sought anonymity said the company has also been advising customers to not give out information to fraudsters.He said anti-fraud campaigns are running on all platforms including television, radio stations and all vernacular stations.

Safaricom appears to be developing an M-PESA app following the publication of a similarly named app in Google Play Store. The app, which has been downloaded more than 10K times, is anything but what you already seen in the current mySafaricom app.

M-PESA Bill Manager empowers thousands of Kenyan businesses, especially schools and landlords, to digitise their businesses beyond just collecting payments at no additional cost. The service will equally empower millions of M-PESA PayBill customers with better record keeping by providing digital receipts for each payment. Our ambition is to empower both businesses and our customers easily manage and keep track of payments

Schools for example can use the Bill Manager platform to customize different type of fees such as tuition, lunch, transport, school trips and among others. Property agents can send rent payment reminders and reconcile any received payments. Utility providers like water and internet providers will be able to automatically bill their customers who in turn will have a way to easily view and manage pending bills.

In order to use M-Pesa, customers have to register for the service at an authorised agent and deposit cash in exchange for electronic money which they can send to their family or friends. All transactions are secured by entering a PIN number and both parties receive an SMS confirming the transferred amount. The recipient receives the electronic money in real-time and then redeems it for cash by visiting another agent.