New digital payment service for SA

Wallet One South Africa has announced the launch of its third party payment service, enabling the purchase of prepaid services including airtime and prepaid electricity.

The W1 wallet enables users to pay bills, send money to friends and shop online without requiring a bank account or any paperwork.

All that is required to open a Wallet One virtual wallet is a valid RSA I.D. number and a mobile phone, the group said.

Wallet One also pointed to a discount rewards scheme when paying for goods or services.

Paying via the W1 wallet users receive discounts of 1- 10%, and more depending on the service provider, which includes Vodacom, MTN, Telkom Mobile, and Virgin Mobile.

“Thanks to the referral reward program a Wallet One wallet subscriber receives R15 for each new user account referred and activated,” it said.

“Our next step will be the launch of W1 Checkout – an aggregator of electronic payments for online merchants and service providers,” said Alan Bird, CEO at Wallet One South Africa.

Wallet One is an international multi-currency electronic payment system operating in 12 countries, with 5 million users, 50 thousand online merchants and more than 100 secure ways to make purchases online.

The company provides a full range of solutions for e-commerce: e-wallet, a payment aggregator, and payment processing solutions including self service kiosks, POS payment processing integration solutions.

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New digital payment service for SA