Image sourced from YoMZanzi
Nedbank, Mastercard and Ukheshe have partnered to launch Money Message – a new payment platform that lets small businesses receive secure in-chat payments from their customers via WhatsApp.
A first in South Africa, the solution is expected to enable merchants to send an invoice requesting payment from any customer seamlessly through WhatsApp. Their customers in turn can quickly settle payment directly from the platform.
“The need for a diverse range of contactless payment methods is more important today than we could have possibly imagined, as we seek to rebuild the economy by giving businesses the ability to transact in a safe and secure way,” says Chipo Mushwana, Executive of Emerging Payments at Nedbank.
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WATCH: Nedbank s âTap-on-phoneâ empowers SMMEs with safe and secure contactless payments
By Brandstories
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At the height of the global Covid-19 pandemic, Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment acceptance device with the launch of its Tap-on-phone functionality in October 2020.
Following a successful closed pilot in June, the easily downloadable app has empowered a number of merchants and business owners with the ability to accept card payments on their cellphones without having to purchase point-of-sale (POS) devices. Merchants include beauty parlours, hairdressers and car washes, proving the importance of such a solution for small to medium sized enterprises in South Africa.