Xtra Savings members can now transact using cards following a significant update to the Shoprite Group’s Money Market account.
For those unfamiliar with the Money Market account, it was launched over a year ago by Shoprite as an added feature for Xtra Savings members, and in that time has attracted over 530 000 users.
The Shoprite Group notes that this newly added functionality comes after customers provided feedback on what they were looking for.
To that end, they indicated that they like transacting with their smartphones, but also with a card too. As such some customers raised concerns about how to access their Money Market account if their phone’s battery died or they forgot their devices altogether.
“The development and roll out of the account have been driven entirely by customer needs,” explains Jean Olivier, GM for Financial Services at the Shoprite Group.
“Realising that 20 million customers already had the Xtra Savings rewards card, the Group worked on a solution. Customers can now link their Xtra Savings card to their Money Market Account and will be able to use these cards to pay for items provided shoppers have funds in their account. They can use their Xtra Savings cards to pay for goods at checkout points, as they would any other bank card,” adds the retailer in a press release sent to Hypertext.
As far as what the Money Market account offers, outside of the newly added transactional facility, Shoprite has highlighted the following:
- “Simplicity and transparency, as there are no fees and no physical forms (all digital);
- Low-cost banking with no unwanted fees (no monthly fees, no load fees, no transactional fees, only a R5 withdrawal fee);
- No debit orders or deductions, so customers are in full control of their money;
- Easy access – on any mobile phone (feature & smart phones); and available for free via the Shoprite app, USSD (*120*3534#), WhatsApp (087 240 5709) or the Xtra Savings card.
- Retail hours – at all Shoprite, Usave and Checkers supermarkets – seven days a week enabling customers to transact when they want and make one trip instead of going to a store and a bank. “
Anyone can register for a Money Market account, says the retailer, with facilities to do so available in-store or the Shoprite SA iOS and Android app.
