KUALA LUMPUR, July 28 -- As there are over 49 million bank accounts in South Africa alone where users just need a convenient way to pay from them, Ozow’s secure online payment platform is leading payment innovation.
“As most people in the region go online mainly through their mobile devices (the same rings true for the rest of Africa) – and often pre-pay for airtime/data – transaction speed is essential. We commit to enabling payments in a few seconds,” said Ozow chief executive officer and co-founder, Thomas Pays in a statement.
Ozow’s latest product release in the form of a world first, patent-pending innovation called the Ozow PIN has also resulted in increased business growth.
This technology empowers users to tokenise payment and make any repeat purchases with the simple entry of a 4-digit PIN.
This innovation is already aggressively taking the lion’s share of the cash, card, and alternative payment options market by empowering users to transact anytime, anywhere online, or at point of sale, without the need for an app or registration.
Ozow can also be used for e-billing in partnership with SAGE and Xero, SMS payments via all major networks and QR codes.
The service is becoming available in five of South Africa’s 11 official languages, with plans to add the other languages in the coming months.
From the merchant’s perspective, Ozow acts as an additional layer of security to that of the existing banking infrastructure, keeping all transactions ultra-safe at all times and providing a safer environment than any other payment mechanism.
-- BERNAMA
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