Thursday, 26 December 2024
Absa partners with fintech startup walletdoc
Absa has partnered with walletdoc, a South African fintech startup, offering users a smart, secure and convenient way to pay their bills such as monthly subscriptions and utilities - without the tedious filing and administration normally associated with payments.
The innovative payment solution notifies you when bills arrive, reminds you when bill payments are due and allows you to pay your bills. It also takes care of account and reference numbers, resulting in a hassle-free experience for users while ensuring billers always receive reconciled payments.
Once users have set up their payment card details, they can pay multiple bills in a single transaction. Better yet, users no longer need to manually print and file bills together with proof of payment, as walletdoc digitally stores your bills and payment history.
“Partnering with Absa required us to invest in a comprehensive and robust suite of information-protection measures. Data is fully encrypted and mobile transactions use either fingerprint or PIN authentication, making it safe for users to pay their bills anytime, anywhere and on-the-go,” says Leonard Shenker, joint CEO of walletdoc.
Collaboration for innovative solutions
The partnership with walletdoc is another example of how Absa is collaborating with entrepreneurs and start-up companies to bring innovative solutions to customers.
Willie van Zyl, head of card issuing at Absa explains, “The global banking industry is faced with an ever-changing landscape as customers opt to migrate to digital channels. We are seeing a huge change in the way our customers pay for products and services and walletdoc is another step forward in our mobile banking journey. Using walletdoc is hassle-free and easy and we encourage our customers to get on board. We have piloted walletdoc with some of our clients and they have been delighted by the simplicity of this innovative solution.”
Re-disseminated by The Asian Banker
