AddPay and Wiseasy Strengthen Partnership to Revolutionize South Africa’s Financial Sector

At Seamless Africa 2024, AddPay and Wiseasy showcased their strengthened partnership, driving transformation in South Africa’s financial sector with next-generation payment solutions. Their collaboration highlighted a shared commitment to innovating the payments ecosystem. Learn more about their initiatives by visiting AddPay and Wiseasy, and read more about it here. 

Key Announcement: The Seven-Day Settlement Account

One of the standout moments of the event was the announcement of the Seven-Day Settlement Account, developed in partnership with Absa Bank. This solution enabled merchants to receive funds daily, including Sundays and public holidays, addressing cash flow challenges in industries such as retail, hospitality, and fuel. By offering consistent daily settlements, businesses were empowered to manage their finances more effectively and operate with greater flexibility.

Delivering Tailored, Innovative Solutions

AddPay focused on providing customized payment solutions, while Wiseasy contributed advanced backend expertise to deliver a fourth-generation payment ecosystem. AddPay’s Android-based payment terminals went beyond traditional transactions, supporting features like electronic cash registers, digital wallets, and Google Play Store apps. This allowed businesses to enhance customer experiences and integrate value-added services seamlessly.

“Our collaboration ensured businesses had the tools they needed to thrive in an evolving market,” said Mayank Raheja, Wiseasy’s MD for EMEA.

Empowering Communities Through Partnerships

AddPay also leveraged its incubation program to equip partners with hands-on training and mentoring. By fostering expertise and autonomy, the program supported local business growth and helped strengthen financial resilience within communities.

Together, AddPay and Wiseasy not only improved payment systems but also redefined South Africa’s financial sector, paving the way for a more inclusive, connected economy. Explore their transformative efforts at AddPay and Wiseasy.