VezoPay, the South African firm that has developed good rings for tap-and-go funds, has a brand new investor: PayFast founder Jonathan Smit.
The corporate, which was based by Jake Pinkus and Lawrence Baker, not too long ago launched a collection of South African-designed fee rings, with costs ranging from R2 100. The concept is customers not have to hold a financial institution card and even their telephone to conduct transactions on the level of sale.
Now the corporate has introduced that Smit has joined the corporate as an investor and advisor. Smit’s experience within the funds business must be an asset to VezoPay because it appears to be like to broaden its presence within the funds area. Smit was one of many first customers of VezoPay’s Vezo Ring.
The Vezo Ring permits customers to make contactless funds with a easy faucet. The ring is appropriate with most main credit score and debit playing cards, and it presents the identical degree of safety as conventional fee strategies.
Financial institution help
VezoPay is already reside with Nedbank, and Pinkus advised TechCentral on Tuesday that two different banks will roll out help quickly.
“As we onboard every financial institution, prospects will have the ability to choose their financial institution on our web site. If their financial institution will not be but onboarded, they will reserve the ring with none upfront prices. As soon as their financial institution is reside, they will proceed with their buy,” Pinkus stated.
Learn: My week utilizing South Africa’s VezoPay fee ring
Their product catalogue is finalised, with VezoPay gearing up for an official launch in April. – © 2025 NewsCentral Media
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