The South African entity of Russian based payment solution provider Wallet One has announced its new third party payment service for prepaid services.
The service dubbed the W1 Wallet will give its users the ability to pay utility bills, send money between friends and family, and shop online without the need of a bank account or paperwork to be filled out. In order to apply for the service, Wallet One requires only a valid RSA I.D. number and a mobile phone number.
To increase initial adoption, Wallet One is offering extensive discounts and rewards for paying with the W1 wallet. W1 wallet users can receive discounts of 1% to 10%, and more depending on the user’s service provider. Providers currently include Vodacom, MTN, Telkom Mobile, and Virgin Mobile.
Wallet One is not stopping at the W1 wallet, and is planning on offering more payment services in South Africa soon. Wallet One already provides e-wallets, payment aggregation, and payment processing solutions, as well as self-service kiosks, and POS payment processing integration solutions all over the globe.
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“Our next step will be the launch of W1 Checkout – an aggregator of electronic payments for online merchants and service providers,” said Alan Bird, CEO at Wallet One South Africa.
Wallet One is supported in 12 countries, boasts 5 million users, and provides services to over 50,000 online merchants.