Telkom Introduces Digital Wallet

Telkom has officially launched a mobile payment solution called Telkom Pay Digital Wallet (or Telkom Pay). The platform is expected to allow users to pay others and get paid themselves using their mobile phone through the WhatsApp messaging app; to anyone on their contacts list. It also serves as a cashless Point of Sale (POS) payment option for businesses. “We are launching financial services solutions that cater to everyone and that are easy to access through one’s phone 24/7 at an affordable price for consumers and businesses. Our device insurance has been in the market for a number of years,” says Sibusiso Ngwenya, Managing Executive for Telkom Financial Services. “This year we have successfully launched funeral cover and our foray into payments further deepens our strategic intent to ...