How often do you use your credit card or smartphone to make payments? If you log into your bank account right now, you’ll no doubt see a few recent transactions there. They may even outnumber the times you’ve paid with cash.
As we head towards a cashless society, credit card and mobile payments are the new normal. The mobile payments market has grown over the past few years, accelerated by a pandemic and increased trust in mobile payments.
As a result, new fintechs and older incumbent banks are eager to cash in on this trend. For new or smaller payment providers, competing in such a saturated market is tough.
The CEO of SnapScan, Chris Zietsman, joined Disruption Talks to talk all about it. SnapScan is a mobile payment solution provider in South Africa. It can be used with most bank cards, and it’s supported by Standard Bank, a major bank in South Africa.
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