Last week Capitec announced that it was launching a virtual bank card for its customers and now the financial institution has another digitally-focused feature in the form of a Scan To Pay tool built into its mobile app.
This new functionality is said to work with all South African QR code-based payment platforms, including SnapScan and Zapper.
Capitec notes that it has fast tracked the rollout of the new Scan To Pay feature as a result of the CIVID-19 pandemic, which has resulted in more customers wanting contactless solutions that are easy to use. The bank also adds that this tool can be used at till points, restaurants, parking machines and for online shopping.
Another reason for the rollout of this new tool is the recent issues surrounding the interoperability of Masterpass, which has seen its agreements with local QR payment platforms falter.
The new Capitec app now addresses this by allowing interoperability across all major payment platforms, so you do not need any additional apps for QR payments anymore, according to the financial institution.
“We’re offering our clients a simplified payment process that doesn’t require switching between apps based on the payment provider the vendor has selected. Once loaded under favourites on our banking app, clients can simply tap ‘scan to pay’, scan the QR code and then safely confirm the purchase with either their fingerprint or banking PIN, regardless of the payment provider,” explains Francois Viviers, executive of Marketing and Communications at Capitec.
“Not only is this one of the most convenient ways to pay, but because it limits physical contact, it is also one of the safest. We believe this will become the preferred way to pay for most clients and businesses as it will be used to pay accounts, invoices or people directly in the near future,” he concludes.
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