A licensed System Operator & Third-party Payment Provider in South Africa, led by a group of like-minded young people determined to facilitate omnichannel digital payment services using cutting edge technology across South Africa and other neighboring countries in Southern Africa.
AddPay works with 3 commercial banks who offer all the popular payment methods available in South Africa. AddPay & Wiseasy have partnered since 2019 as the demand for Android Based POS Terminals in South Africa has increased very rapidly. Wiseasy designed, manufactured and delivered EMV Android POS Terminals (P3, T1 and QT) to AddPay with a robust payment application (WiseCashier) that has received L3 certifications all over the world.
Each bank offers different buying rates for different payment methods which was a headache for AddPay as they were not able to route transactions smartly in between the banks/acquirers based on the lowest buying rates. AddPay, partners & merchants, didn’t have a clear visibility to their business.
Wiseasy has certified its Payment Application (WiseCashier), Merchant Application (WiseBoss) and EMV Android POS Terminals (P3, T1 & QT) with local banks to accept various kinds of bank cards & mobile payments and real-time transaction monitoring. Wiseasy has also supplied its white-labeled payment platform (PayCloud) for AddPay’s seamless business operation.
AddPay started pilot project with 2 distributors & 50 merchants since January 2022 and within 4 months, they’ve reached 823 merchants with 4,356 POS Terminals. AddPay merchants are now processing 350,000 transactions a week with an average transaction value of ZAR 37.6 million (USD 2.4 million), compared to 1,800 transactions a week previously.