While a string of local tech start-ups were snapped up in 2021, many were acquired for significantly less than the blockbuster exits of years gone by.
Zapper is considering options to raise capital, including a stake sale, that could value the start-up at nearly $1-billion, sources said.
Zapper has launch tap-on-phone payments, allowing consumers to pay with a tap of their smartphones, irrespective of whether or not they have the Zapper app.
Huawei Pay, a payments system for Huawei smartphone users, will be launched in South Africa later this week, the Chinese consumer electronics giant said on Monday.
Capitec has launched QR payments in its app, allowing clients to scan barcodes to make payments at the point of sale or online, including where merchants use Zapper or SnapScan.
Pick n Pay said on Friday that it is introducing scan-and-pay technology at till points nationwide so customers don’t have to touch point-of-sale terminals during the Covid-19 pandemic.
The Shoprite Group, which owns Shoprite and Checkers retail stores, is introducing the ability for customers to make payments using QR codes in an effort to fight the spread of the novel coronavirus.
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JSE-listed Net1 UEPS Technologies and QR-code payments specialist Zapper said on Thursday that they will launch a new company, called ZappGroup Africa, to white-label and expand Zapper’s technology across Africa.
Nedbank, working with Mastercard and Entersekt, has launched QR code (or quick-response code) payments to Masterpass, Pay@, SnapScan and Zapper merchants and billers in its Money app – for use online or in-store.