05 Dec AFRICAN eCOMMERCE PAYMENT METHODS: WiCODE ONLINE PAYMENT METHOD IN SOUTH AFRICA
An interesting African payment method and platform is WiCode from WiGroup founded by Bevan Ducasse which is mainly a POS payment method but can also be used to accept online payments for eCommerce. WiCode is a voucher issuing and acceptance system integrated to the tills of the large online retailers in South Africa. Shoppers using this mobile payment method enter a WiCode at the till and it debits their wallet with the payment. Bevan’s concept for his WiCode mobile African payment method is through a single integration, to link to and aggregate key payment methods for acceptance at retailers. The large retail chains like Pick n Pay and Shoprite accept WiCode in store and transaction volumes to date are in excess of $300m. WiCode supports loyalty programs and redemption and consumers can even gift a voucher to a friend. WiGroup has proven its model in South Africa which is an emerging markets and has plans to extend their platform and offering to into African countries Nigeria and Namibia. Contact African Payment Solutions for a pan-African solution to eCommerce and online payment Our thanks to http://www.howwemadeitinafrica.com/why-investec-is-backing-wigroup-and-its-mobile-transaction-solutions/51129/ for their content inspiration