Click here for more information about Standard Bank<\/a><\/strong><\/li>\n<\/ul>\n\n\n\nTen years ago, Standard Bank\u2019s partnership with Cape Town-based innovator SnapScan put phone-enabled QR code payments into the hands of South Africans. <\/p>\n\n\n\n
To also help businesses remain relevant as transaction technologies change and payment methods increase, \u201cwe\u2019re happy to announce that we\u2019ve extended our fintech partnership with SnapScan in the creation of SnapStore Pro, a point-of-sale machine combining card and gadget pay acceptance with our existing QR offering,\u201d says Jenine Zachar, Head of Enterprise Banking at Standard Bank.<\/p>\n\n\n\n
Allowing the customers of small businesses to tap, insert or swipe their bank cards, scan on-screen SnapCodes or use Apple Pay, Samsung Pay or Garmin Pay, \u201cSnapStore Pro ensures that no business misses a sale because they are unable to process a payment,\u201d says Zachar. <\/p>\n\n\n\n
This also allows small business owners to instantly consolidate transactions from various payment tools into one digitally available document.<\/p>\n\n\n\n
She continues by saying that SnapStore Pro will also provide access to full-scale banking through Standard Bank, \u201chelping small businesses punch above their weight with instant digital access to the services and advice traditionally only available to larger businesses.\u201d<\/p>\n\n\n\n
Both WiFi-enabled and supported by a SIM card preloaded with free data, SnapStore Pro provides South African small business with \u201ceasily accessible payment ability, no matter how or where entrepreneurs find themselves selling goods or services,\u201d says Zachar,<\/p>\n\n\n\n
The SnapStore Pro retails at R999 with transaction fees based on the previous month\u2019s turnover. Businesses that bank with Standard Bank receive next-business-day settlement. Non-Standard Bank parties receive settlement within three business days. <\/p>\n\n\n\n
Finally, since pricing and fees decrease the more often the device is used and the more functions and services are added, \u201cSnapStore Pro rewards businesses for being busy instead of charging them more,\u201d says Zachar. <\/p>\n\n\n\n
She adds that, with no contracts required and businesses able to instantly view transaction histories, being able to track and reconcile activity from the same device they use to accept payments also means \u201cthere are no hidden or unexpected fees\u201d.<\/p>\n\n\n\n
As SnapStore Pro rolls out in the market, Standard Bank will add more features, \u201cexpanding our already extensive merchant product ecosystem with best-in-class fintech support across the full spectrum of SME needs in the South African market,\u201d says Norman Nyawo, Head of Merchant Services at Standard Bank South Africa.<\/p>\n\n\n\n
By collaborating with innovators to bring trusted products and services to all South African businesses, SnapStore Pro helps \u201cespecially smaller businesses leverage the power of Standard Bank\u2019s market leading financial services platform to compete effectively in the markets in which they operate\u201d, says Zachar. <\/p>\n\n\n\n
Current SnapScan merchants can add SnapStore Pro directly through their SnapScan Merchant Portal.<\/p>\n\n\n\n
Click here for more information about Standard Bank<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"SnapStore Pro places full-service banking in the hands of SA entrepreneurs.<\/p>\n","protected":false},"author":57,"featured_media":702237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[499],"class_list":["post-702235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/702235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=702235"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/702235\/revisions"}],"predecessor-version":[{"id":702239,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/702235\/revisions\/702239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/702237"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=702235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=702235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=702235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}