South African startup Wallettec, which specialises in digital wallet integration, has added international multi-currency electronic payment system Wallet One to the list of companies integrated with its system.
Cape Town-based Wallettec enables retailers to accept any type of mobile transaction or currency type at their point of sale (PoS). Through a single integration, retailers can enable consumers to transact at their PoS using only their mobile phones.
The startup has already integrated with a number of digital wallet companies across Africa, including Bitcoin, M-Pesa, Airtel Money, Kopo Kopo, Payza and SnapScan, and has now added Wallet One to the list.
Johan Meyer, chief executive officer (CEO) and founder of Wallettec said bringing Wallet One on board is another step closer to establishing Wallettec as a market leader in digital wallet integration and also simplifying and strengthening mobile money payments in South Africa.
“It speaks to what we are passionate about; to make mobile money accessible to every South African and its use as convenient as possible” says Meyer.
“The mobile payment boom in South Africa is just around the corner and requires everyone from the private sector to government to be on board to deliver a system that is efficient, affordable and secure and Wallettec has been at the forefront to make this possible.”
Wallet One, which boasts over five million users across the world, specialises in providing a full range of advanced solutions for e-commerce and mobile payments, including e-wallet, a payment aggregator and payment processing solutions including self service kiosks, PoS payment processing and integrated solutions.
“We believe this solution will become a useful set of tools for South African merchants to grow their businesses in this ever changing and growing e-commerce market,“ said CEO Alan Bird.
Disrupt Africa reported last year Wallettec has signed integration deals with providers in South Africa, Kenya, Tanzania, Ghana, Nigeria, Namibia and Zimbabwe since its launch in October of last year, and plans to increase merchant usage and revenues in 2015.
Meyer – who had been involved in mobile money in various capacities for ten years – told Disrupt Africa the uptake of the platform by mobile money providers over the course of the startup’s first year had been better than expected, with Wallettec now used in a number of African countries and set for further growth.