PayPulse Reports Nearly One Million Transactions in One Year in Namibia – IT News Africa

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Since its launch in 2018, PayPulse, Standard Bank’s cashless transaction app has grown in popularity in the Namibian market, processing just under 1 million transactions worth N$442 million (29, $7 million) during the period from January 1, 2021 to December 31, 2021.

Standard Bank, a South African bank and financial services group, has developed the PayPulse app, which allows anyone, regardless of their bank, to create a virtual wallet from which to pay bills and services and send or withdraw money.

Rejoice Itembu Head of Client Solutions at Standard Bank says the app is unique in that it is the first of its kind to allow users to link up to three different credit or debit cards from different commercial banks, which which Itembu says is important for Namibians who are largely multi-banking and has contributed to the popularity of the app.

Standard Bank has made improvements to the PayPulse app throughout 2021 and added a range of new features, including bill splitting, money request, automatic QR code creation and a Pay-by- Link, which she says is ideal for small businesses. With the app’s Pay-by-Link option, businesses can send a link request from PayPulse to their customer, who then pays, and the business receives their money.

Money request option is another feature that benefits those who may need emergency money from friends or family. Customers can request money from PayPulse users in the same way as making a “call request” on a mobile phone. Upon receipt of the request, the PayPulse user can choose to accept or decline the request and decide how much they wish to send.

Another feature is the ability for customers to create their own QR codes, which can be used by different users to make payments. This QR code simplifies the process of sending money as customers no longer need to manually enter a mobile number. Standard Bank says this payment option is convenient and ideal for fast-paced small businesses.

PayPulse also allows customers to instantly cash out their cash at the checkout of any WiCode retailer such as Woermann Brock, Pick & Pay, Shoprite, Checkers and USave while allowing them to recharge electricity, airtime and pay bills such as DStv/GOtv accounts directly from the PayPulse platform.

“Standard Bank remains firmly committed to providing digital banking solutions and realizing the cashless society as more and more customers embrace digital solutions and the use of technology to conduct day-to-day activities like banking. With such solutions, we hope to make our services more accessible to more people,” Itembu said.

Edited by Zintle Nkohla

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