New York-Based DCG Buys Naspers-Backed Luno

Luno, one of the largest crypto exchanges in Africa, has been bought by New York-based Digital Currency Group (DCG). Luno is backed by Naspers and...

Latest Posts

MTN Launches Play Lotto Feature on MoMo App

MTN’s mobile money solution, MoMo, now features Play Lotto functionality, offering MoMo users a free-to-play, safe and convenient way to try their luck at...

BMW 330is Edition Pays Tribute to BMW Gusheshe

This Heritage Month, BMW South Africa celebrates the life of the iconic Gusheshe, the ‘Grootman’ of BMW that will always be a mark of...

Why the South African Poker Scene is Thriving

At around 18 million visitors every year, South Africa is the second most popular tourist destination on the continent, second only to Morocco. Visitors...

Why You Should Learn Information and Technology in University

Nowadays, there are a lot of universities that prepare program graduates for Bachelor of Science in Information and Technology to find careers in the...

PayGate teams up with Trans Africa Solutions

 

Payment service provider PayGate has teamed up with African secure payment solutions firm Trans Africa Solutions to enable barcoded invoices to be settled in cash at retailers and Post Offices throughout South Africa via its patented Smart Code product, SCode. By Staff Writer


Until now, barcoded invoices, which allow cash settlement, have been the exclusive domain of large companies which have had to negotiate individual deals with retailers and undergo lengthy and costly integration processes. E-commerce offerings have been cut off from this option, which has significantly constrained their access to certain markets.

 “SCode’s revolutionary solution will allow even the smallest businesses selling online to generate electronic barcode invoices using all internet platforms, for goods or services being purchased. It also enables the large number of consumers who prefer to use cash, or who don’t have bank cards, to make payment for online purchases – solving the challenge for both the consumer and the retailer,” said Brendon Williamson, PayGate’s head of business development.

E-commerce has traditionally relied on card payments or EFT transactions. This has effectively cut off a large percentage of the population who may still not trust online payments, or who may be unbanked.

“You can now imagine a parent in a remote area buying textbooks online via their cell-phones, receiving a barcoded invoice and then being able to make payment at their local Shoprite and their child at university receiving the books the next day. This opens online shopping to every person, across every LSM,” said SCode director, Fraser Gregg.

The network of retailers which currently accept the SCode cash, debit or credit card payments include OK, Shoprite, Checkers, Checkers Hyper, House & Home, USave and all post office outlets. , with other large retail chains coming on line in early 2016, creating one of the most extensive retail payment networks in Southern Africa.

The PayGate – SCode solution is a seamless integration that can be added with no additional development required by the merchant. Even with the cash element, the system allows for automatic reconciliation, significantly streamlining the transaction process for merchants.

PayGate plans to expand the SCode offering into further African markets, many of which remain predominantly cash-based.

Latest Posts

MTN Launches Play Lotto Feature on MoMo App

MTN’s mobile money solution, MoMo, now features Play Lotto functionality, offering MoMo users a free-to-play, safe and convenient way to try their luck at...

BMW 330is Edition Pays Tribute to BMW Gusheshe

This Heritage Month, BMW South Africa celebrates the life of the iconic Gusheshe, the ‘Grootman’ of BMW that will always be a mark of...

Why the South African Poker Scene is Thriving

At around 18 million visitors every year, South Africa is the second most popular tourist destination on the continent, second only to Morocco. Visitors...

Why You Should Learn Information and Technology in University

Nowadays, there are a lot of universities that prepare program graduates for Bachelor of Science in Information and Technology to find careers in the...

Don't Miss

Schneider Hosts a Global Student Competition Called Go Green

Every year Schneider Electric, the leader in digital transformation of energy management and automation, hosts a global student competition called Schneider Go Green. Students...

Hundreds of Free Fully Accredited Data science learnerships up for grabs

Registrations open today for EXPLORE Data Science Academy’s (EDSA) 2021 intake of its 12-month fully-sponsored data science learnerships, starting January 11, 2021. For hundreds of successful...

MTN MoMo Launches Additional Services To Help SA During Challenging Times

MTN’s Mobile Money solution, MoMo, has launched some new functionalities aimed at assisting South Africans during challenging economic times. These include the new food...

Audi and Wayde van Niekerk Release an Inspiring #Lane8 Campaign

Audi has utilised its brand partnership with South African Olympic runner and world record holder, Wayde van Niekerk, in a brand campaign which is...

Ozow Zero-Rates Data Costs to Ensure South Africans Can Access Digital Payments

Digital payments company Ozow, has launched the Ozow Revolution. According to the company, the Ozow Revolution is a visionary effort to make digital payments available...

Stay in touch

To be updated with all the latest news, offers and special announcements.