South African telecommunications company, Telkom has launched Telkom Pay, a digital mobile money wallet service that runs through WhatsApp.
Telkom Pay allows customers to send money to anyone with a phone number and the money can be accessed without any other app or software. The company said that users across all mobile networks can use the platform, they do not have to be subscribed to Telkom.
“We are launching financial services solutions that cater to everyone and that are easy to access through one’s phone, 24/7, at an affordable price for consumers and businesses,” said Telkom managing executive for financial services Sibusiso Ngwenya.
To use the service, customers simply add the number 068 483 5566 as a WhatsApp contact and start messaging the bot, following the prompts given to enable Telkom Pay.
The registration should be seamless and once this is accomplished, users can pay other South Africans using their phone number, or they can request payment by sending a “Please Pay Me” to other users.
On top of peer to peer payments, Telkom Pay also supports QR Code payments, airtime, data, and electricity bills payment. To top app their Telkom Pay wallets, users have the choice of using EFT, Nedbank ATM, or at a Pick n Pay store, while withdrawals are possible from Nedbank ATMs and Pick n Pay.