RETAIL MERCHANT BIG OR SMALL
if you want to accept mobile money payments from SommaRedde accredited wallets, you need any mobile device, such as a cell phone or a tablet. Receiving SANTACO Wallet payments will cost you 0.25% ex VAT, capped at R7.50 ex VAT to receive a Mobile Money payment. Other e-Wallet Operators may charge different fees. The payments will reflect in your bank account within maximum two working days. Click here to register as a retail merchant
E-WALLET OPERATORS
SommaRedde’s function is to bring Mobile Money payments into the mainstream economy, it will allow any user of a Mobile Money payment service to make mobile money payments for goods and services everywhere. We call this Full Interoperability, which is completely different from the typical narrow view of interoperability.
We empower any Mobile Money e-Wallet Operator that subscribes to our service. Should the system used by the e-Wallet Operator not have sufficient functionality, we also supply a Mobile Money Payment System, which is an enterprise level system that can handle millions of user transactions concurrently.
Click here to apply to have your e-Wallet accredited by SommaRedde and effortlessly benefit from our fast growing retail merchant network, or contact Ryan Mathew on +27 72 725 1369 or ryanm@sommaredde.com.
Empowered transactions
SommaRedde enables safe, cashless transactions for everyone from informal vendors to multi-national household names.
WORLD LEADING MOBILE PAYMENT TECHNOLOGY
SommaRedde is available as a Cloud Platform Service (PaaS).
SommaRedde and its partners have successfully trained & implemented :
- The automated clearing house (ACH) for Mobile Money, which is operational in the central banks of 5 countries since January 2014.
- The Mobile Money Payment System, which is operational in 8 enterprise level companies in 10 countries since 2011.
Our regulatory framework is highly successful and has completely prevented:
- Fraud
- Theft
- Money laundering
- Terrorism financing
where our Mobile Money Payment System (MMPS) and ACH have been implemented together.
SERVICES
Formal Retail Payments
In the formal retail environment, consumers can use their phones to make an instant mobile money payment at the cash register.
FMCG Distributor Payments
Traders working in informal sectors can download the SommaRedde Mobile POS app to a phone to make a payment to a truck driver’s cell phone or any handheld computer.
Remittances
Once the SommaRedde ACH is active and designated by the South African Reserve Bank, it will enable end-users of participating e-Wallets to make instant cross-border payments in real time at a much-reduced fee.
