Wallet One comes to South Africa
Wallet One (W1), an international multi-currency electronic payment system operating in 12 countries has announced the launch of its third party payment service in South Africa, offering a cost effective digital payment solution to encourage financial inclusion in the national payment system for all South African consumers.
© mipan - Fotolia.com
The W1 wallet enable users to purchase prepaid services including airtime and prepaid electricity, pay bills, send money to friends or family and shop online without requiring a bank account or any paperwork. All that is required to open a W1 virtual wallet is a valid South African ID Number and a cellphone.
One of the major advantages for users are the discount rewards earned when paying for goods or services. Paying via the W1 wallet, users receive discounts of 1-10% and more depending on the service provider. Thanks to the referral reward program a subscriber receives R15 for each new user account referred and activated.
Online merchants gain access to new markets previously inaccessible due to the exclusion of many South Africans from financial services by main stream financial institutions, while Wallet One enables bill issuers to increase their collections from a still largely cash based society, through a convenient and safe digital payment solution. Merchants and bill issuers will gain renewed customer loyalty through its exclusive rewards programs, low cost and secure, easy, anywhere, anytime digital and mobile payment solutions.
"We subscribe to the ethos that all South Africans should have access to world class, yet affordable payment solutions. We offer these payment solutions as inexpensively as possible, with immediate discount rewards, thereby lessening the burden of high transaction costs of traditional mainstream cash payment options and bettering the financial wellbeing and lives of all subscribers," comments Alan Bird, CEO at Wallet One South Africa, the official partner of W1. "Our next step will be the launch of W1 Checkout - an aggregator of electronic payments for online merchants and service providers."
For more information, go to www.walletone.co.za.
