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Walletec, a mobile wallet integration company from South Africa, has integrated SnapScan to further advance its plans to become the single interface point between the Point of Sale (PoS) and any mobile or e-wallet solution.
In a country like South Africa where mobile payments are a growing trend, this is a necessary process to enable wider market access for people who find payment options to be limited.
“Wallettec assists retailers and mobile money providers by supplying them with a single integration point into existing PoS systems, meaning it can accept any digital wallet hassle free through a single transaction,” says John Meyer, Walletec CEO and Founder.
Integrating SnapScan, a service that allows users to pay for goods in over 10 000 stores all over South Africa, is an important step for the company and follows on the heels of its other partnerships with M-Pesa, Kopo Kopo, Payza and Airtel Money.
Meyer, comments that “the vision of SnapScan in building a cashless society speaks to what we are trying to achieve, making mobile PoS transactions easier and convenient for every retailer in South Africa.”
Success on Walletec’s part is a huge success for the South African consumer. Services like these however ought to extend beyond the confines of urban areas into the retail shops in far flung areas. It is clear that mobile payment is the way to go and Walletec’s CEO is clear about.
“Mobile payment is one thing no retailer can afford to ignore. Its future is inevitable and the sooner the South African retailers realise this, the better,” Meyer says.
Wallettec works with retailers all over South Africa and plans to soon expand to Namibia. It also plans to enter Kenya, Tanzania and Zimbabwe in 2015.
Update In a statement to Ventureburn, SnapScan stated the following: “For the sake of clarity, we’d like to point out that there is no special partnership between SnapScan and Wallettec, they have integrated with our public API (a service used by hundreds of other companies).” We’ve also updated the headline and sections of the story to reflect that this is in fact the case, even though the original press release stated they have “partnered”.