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Nedbank and Mastercard team on WhatsApp payments for small businesses 3 hours ago
2 South Africa s Nedbank has teamed up with Mastercard and local fintech player Ukheshe to let customers pay small businesses via WhatsApp. Once registered, small and microbusinesses can use the service, called Money Message, to send a WhatsApp request-to-pay message to customers with a valid South African identity document and bank account.
For first-time users, a notification is sent via SMS prompting them to register for the service. The customer puts in their name and registers their card details and can then make payments within WhatsApp via their cellphone number or a QR code.
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Apr 23, 2021
Nedbank, in collaboration with Mastercard and Ukheshe, has launched Money Message, a payment platform that lets small and microbusinesses receive secure in-chat payments from their customers via WhatsApp.
Believed to be a first in South Africa, the solution will enable merchants to send an invoice requesting a payment from any customer seamlessly through WhatsApp. Their customers, in turn, can quickly and seamlessly settle a 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: emerging payments at Nedbank. “In order to support entrepreneurship and sustainable business growth across all markets, we need to deliver low-cost, accessible and flexible solutions that leverage widely accessible technologies.