Post Tagged with: "Mobile payments enable spaza shops grow economy"

Mobile payments enable spaza shops grow economy

November 17, 2017 7:12 pm2 comments
Connecting the informal market to the formal economy: Ajay
Banga, Mastercard president and CEO (right), discusses the benefits of
mobile payments with Paul Maluleke, owner of Kasi Convenience Food and
Internet Caf? in Alexandra, Johannesburg (left). Maluleke,  is one of
thousands of informal traders who can now use Masterpass, the digital
payment service from Mastercard, to pay electronically for stock ordered
from the free Spazapp android app, and accept cashless payments from their
customers - using their mobile phones.

By AKANI CHAUKE JOHANNESBURG, (CAJ News) – SOUTH African informal traders and convenience stores are set to increase their contribution to the economy after Microsoft partnered with the Durban-based Spazapp tech company, to bring them secure, seamless and convenient mobile payments. By combining their expertise and reach, the companies intend to unlock economic growth […]

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