Wallettec, a South African payments aggregator or a SaaS (Software as a Service) platform that integrates any banking system or digital currency into any payment platform, allowing consumers to pay using their digital currency or bank account by passing all major card networks is launching in Kenya to simplify payments.
“Wallettec aims to enable customers in Kenya to pay at any integrated Point of Sale, E-Commerce website or any commerce platform using their mobile mobile money account,” says Johan Meyer, founder and CEO of Wallettec adding that with Wallettec the merchant will NEVER know what payment method a customer used or any of their personal information, making it the most secure payment method around.
According to Meyer, Kenya was one of the first African countries it approached because it’s a world leader in Mobile Money and Mobile Payments. Although the firm started negotiations with key players in Kenya in 2015 it had to wait till now to go public because it wanted to solve a bigger problem.
“We can confidently say that we have done just that. We can now offer the Kenyan market a truly unique payment acceptance product.'” Meyer says. “Wallettec’s aim is not only to make the acceptance of payments easier but to solve the huge security risks surrounding payments.”
The payments aggregator is currently operating in Canada, Kenya, Ghana, Nigeria, DRC, Uganda, Namibia and South Africa. Although we operate in these countries we deliver different services in different countries.
In Canada Wallettec is mostly working with companies offering international remittance between Canada and Africa. In Kenya, Ghana, Nigeria and the DRC it’s working or aims to work with local merchants and banks to do Mobile Money to Bank payments. This allows merchants to accept payments from ANY mobile money account directly into his bank account without the need to have any mobile money account.
In Namibia and South Africa Wallettec does mobile money and mobile payments integrations between the providers and the POS systems, E-Commecre and M-Commerce websites.
In Kenya, Ghana, Uganda, the firm aims to work with local banks and mobile money providers to enable users to effortlessly transfer money from any bank account into any mobile money account. The firm aims to launch in Zimbabwe in a few months.