Nedbank, in collaboration with Mastercard and Ukheshe, has launched its Money Message service – a payment platform that lets small and micro-businesses receive secure in-chat payments from their customers via WhatsApp.<\/p>\n
The bank said that the service is a first in South Africa, and will allow merchants to send an invoice requesting a payment from any customer through WhatsApp. Customers in turn can then settle a payment directly from the platform.<\/p>\n
How it works\u00a0<\/strong><\/p>\n Nedbank said that anyone with a valid South African identity document and South African bank account can access Money Message.<\/p>\n Merchants will need to first register for the service, and afterwards they can immediately initiate a payment request. The process should take only a few minutes, the bank said.<\/p>\n Nedbank said the service differentiates itself from similar offerings by other banking and financial groups by being specifically developed to process payments for merchants and small businesses.<\/p>\n A beta version of Money Message has been available to a small selection of micro-merchants for just over a month and will gradually reach the broader market during the rest of the year.<\/p>\n To register, Nedbank said that users should save Money Message’s number, +27 (0)87 240 6272, as a contact on their phone and start a chat in WhatsApp by sending the word ‘Hi’.<\/p>\n\n
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