Ozow is now available as a payment option on Zapper. When you use Zapper, you now have more choice. You can either select Ozow to make instant bank-to-bank payments, or you can use your pre-loaded card.
You may be asking why we would partner with our direct competition. Quite simply, it’s to cement ourselves as a market disruptor.
Says Ozow.
Ozow is one of the leading bank-to-bank payment providers in South Africa. Zapper owns a significant share of the QR code payments market – they’re used by more than 70 000 merchants in the retail and hospitality worlds.
As partners, they can leverage off of each other’s strengths, infrastructure, and markets.
Ozow’s CEO and co-founder, Thomas Pays, says it best,
“When two competing fintechs join forces, the partnership can be much greater than any adversity. This ultimately benefits the 47 million bank account holders in South Africa, all while driving financial and digital inclusion.”
He goes on to say,
“People often hear the term ‘financial inclusion’, but don’t really understand why this is so big for fintechs like us. At its core, it’s about giving consumers and businesses greater access and choice. This is especially true for many consumers, who have been locked out of these types of services because they don’t have a credit card.”
Now, all these customers will have to do when using Zapper to make payments through Ozow, is select Ozow as their payment option in the Zapper app. When they checkout, they’ll be asked to enter their bank login details and create a four-digit PIN. Once that’s done, they’ll select the bank account they want to pay from, follow the steps to confirm the payment, and then approve it on their banking app.
While this partnership enables consumers to make easier, quicker and safer payments on Zapper, there’s also a notable benefit for merchants – no fees to process card payments.
