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Pay@ and Revio partner up to digitise cash payments

Even with a high banked population and many electronic payment options available, the average South African still use cash for daily purchases and payments, with an estimated 78-80% of transactions made with cash. Persistency of cash payments averages at 85%. To address this need, Pay@ and Revio have partnered to further bridge the gap for financial services providers, like Funeral parlours and Insurers that deal with high cash volumes, the ability to digitise one-off or recurring cash payments seamlessly.

Revio Chief Commercial Officer Pieter Grobbelaar says: "In recent times, it has become critical for brands to offer customers a complete omni channel payments experience. With our Pay@ partnership, customers can now choose to pay how they want, with businesses benefiting from higher success rates, reduced churn and a seamless reconciliation process".

Pay@ provides a single integration payment platform that allows billers and their clients access to its entire network of payment solutions, including a nationwide footprint of 9,000 stores and 150,000 traders where customers can transact conveniently using cash. Other solutions include payments via USSD, banking apps, digital platforms, mobile payment processing apps, WhatsApp, SMS, MMS, and mobile wallets, among others.

Hennie Blignaut, Account Executive at Pay@, shares that the partnership will help enable un- banked markets to gain access to financial services. The relationship will assist in further expanding the combined partnership into Africa.

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