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.

Founded in 2013, SnapScan originally flourished in coffee shops and at weekend markets. The founding team had extensive experience in banking and mobile money, and knew that payments for these merchants could be greatly improved. Interest in the product grew organically and culminated in SnapScan winning the MTN App of the Year award in 2013. Since then we've been featured in local and international media (CNN, BBC, CNBC, TechCentral), and continue to grow year-on-year.

Whether you do business in a store, online, at markets, or any other premises, we've got the perfect SnapScan payment solution for you. With our solutions you can easily add SnapScan to a variety of point of sale, ecommerce, and invoicing systems for simple payments. SnapScan is the smart, simple, and safe way to get paid in a snap.

SnapScan is an app that lets you pay with your phone quickly, easily, and safely. Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.

MoneyFellows is a web- and mobile-based platform that enables people to access interest-free credit and achieve better savings powered entirely through their personal network. MoneyFellows achieves this by digitizing the traditional offline ROSCA (Rotating Savings and Credit Association) model making the experience transparent, safe and fully automated.

by taking the process online, MoneyFellows has turned the biggest threat to trust — movability of people — into a strength; as through the digital platform they are easily able to scale their services.

MoneyFellows users can benefit from some of the following features:Flexible payment options (Credit Card, salary deduction, Direct Debit, Fawry payments, cash collection);Guaranteed payout dates and amounts;Secure Money Circles - users always receive 100% of their payout, even if other members of the circle are late or miss payments;Smart Credit Scoring System, where users continuously build up their score to unlock higher payouts;A variety of benefits for employees of their corporate partners.

MoneyFellows is a financial enabler that provides access to financial planning services, such as money circles and direct lending, to ensure users can effectively manage and plan their financial obligations, and achieve their financial goals. Through managing money circles (gam’eyas), MoneyFellows allows users to sign up for slots in trusted and convenient money circles, ensuring payouts are done on-time and securely deposited. Users can use MoneyFellows to achieve their personal, financial goals, such as paying their children’s school tuition on time or buying certain products and assets. MoneyFellows has raised over $6 million in investment over the past three years. 

Egyptian Fintech platform MoneyFellows has secured US$4-million in Series A investment from venture capital firms Partech Ventures and Sawari Ventures.The Fintech firm plans to use the investment to expand within Africa and also launch new solutions.MoneyFellows is a financial enabler that digitises money circles or ROSCA (known as gam’eyas in the Arab world, chit funds in India, committee in Pakistan, Tandas in Mexico, and tontine in West and Central Africa).

MoneyFellows overcame the obstacles anyone can face in traditional money circles, solving problems such as distance, time, and social limitations, while providing a wide range of money circles and slots for all kinds of users to choose from.  Users can choose their desired amount and preferred months of payout all from the comfort of their homes with many pay-in and payout methods.

About Hello Paisa Since being licensed by the South African Bank, Hello Paisa has successfully launched the remittance offering to migrants living and working in South Africa. Hello Paisa offers a convenient, secure and affordable means for migrants to send cash home. With Hello Paisa we have taken the world’s most expensive remittance corridor and turned it on its head, by lobbying legislation and most importantly leveraging technology to drive down the cost of remitting funds and making it accessible to all, by taking into account the constraints that exist in our target market, with Hello Paisa you can transact via our Android App, our call centre but most importantly we have built a USSD dial string which is FREE  for the customer to dial and transact overcoming  the access barrier that existed before, thus we have successfully managed to solve a problem where many have failed before and changed the face of remittance in South Africa forever.

May 19, 2020 | Sector: Private sector Hello Paisa developed a free app, malaicha.com, that allows people  to choose  through a catalogue goods and groceries and send them to Zimbabwe, where their loved ones can collect them at different collection points

ince its commercial launch in March 2015, Hello Group has signed up 70 000 Hello Paisa customers, of which 29 000 have downloaded its Android app for remittances. Hello Paisa claims to charge less than 5% of fee. 

Sasfin together with money transfer company Hello Paisa have launched a low-cost banking product to rival others in the mass market segment.

Hello Paisa and Western Union have joined forces to enable Hello Paisa customers to send global money transfers for payout at the global network of Western Union.This partnership enables Hello Paisa customers to send money from South Africa to their family and loved ones.

Money transfer service Hello Paisa has dropped remittance fees by half on every transaction to Zimbabwe, and is also offering digital banking accounts with zero transaction fees, to assist migrants impacted by the COVID-19 pandemic.The fintech says cost-effective remittances are an essential service as they are a lifeline for the migrants and those they support across borders.

Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.

Designed by AXA and Democrance, Hello Protect taps into Hello Paisa’s existing customer base and allows its members complimentary access to the personal accident insurance for themselves when transferring money through Hello Paisa’s branches. The platform allows users to manage all their insurance needs via their mobile phones. Payouts for all claims are made instantly via Hello Paisa’s remittance houses in beneficiary countries.

Hello Paisa is upping the ante on conversational commerce by enabling consumers to use WhatsApp as a simple means to send money abroad as conveniently as texting a friend.