Telkom Pay Digital Wallet
Telkom Launches New Mobile Pay App for SMMEs in SA
Telkom Financial Services has launched the Telkom Pay Mobile Point-of-Sale (mPOS) app, a fintech tool that allows small, micro, and medium business owners to make and receive payments through their mobile phones. Telkom says that the said businesses will be able to use the app anytime and anywhere. The South African telecom provider says it is committed to providing SMMEs with solutions that will enable them to fully participate in the digital economy. Through the app, business owners can register and receive payments in a matter of minutes. “The COVID-19 pandemic has accelerated the need for businesses to digitize their operations and become fully immersed in the digital economy. The app will enable businesses, who normally only take cash payments, to reach a wider customer base. It enabl...
Telkom South Africa 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 ...
