The SWAP Wallet is a secure, no nonsense, easy-to-use way to make and receive payments. Best of all, it’s already available on every South African cellphone. Simply dial *130*1313#, follow the prompts displayed on the cellphone, and view the SWAP menu screen.
Individuals and businesses receive payments into their SWAP Wallets and can bank the funds into their linked bank accounts, also directly from their cellphones. Able to replace cash, Internet transfers and cheques – the system allows payments to be made and received anywhere and at any time. A business or individual receiving a payment receives an instant SMS notification of payments received in the Wallet. The person making the payment from a SWAP Wallet can keep track of payments by calling up a mini statement on the on-cellphone SWAP menu.
Businesses need to receive quick and secure payments, sometimes on their premises and sometimes elsewhere – and the SWAP Wallet delivers! Providing customers with the SWAP Wallet number (*130*1313#) – along with the receiving cellphone number – sets the stage for cellphone-to-cellphone business to be conducted without delay.
Bigger businesses looking to receive cellphone payments will find SWAP’s other solution, SWAP Codes, appealing. Offering monthly statements, e-mail notifications and the ability to capture reference details from customers – as well as scheduled batch payments transferred directly to their business bank accounts and the ability to accept credit card payments – SWAP Codes bring a high degree of functionality.
When a customer uses a cellphone to dial business’s SWAP Code, a payment screen, customised with the business’s details, appears. From this screen, the customer can use menu selections to make a credit or debit payment directly into the bank account of the business, all in a matter of minutes.
For Wallet holders, there are no monthly fees or per-payment charges and access to balances and mini statements is complimentary. Payments received through a SWAP Code attract a nominal fee of 3.5% and payments made into Wallets a fee of 1%.
A SWAP Wallet can be topped up with funds by way of an EFT to an ABSA account using the target cellphone number as a reference. Salary transfers can be made to the same account, and a debit order-based top up from a linked account can be initiated from the cellphone. A Wallet is also topped up when it receives a payment from another Wallet. In order to withdraw Wallet value, the Wallet holder can bank it to his or her linked bank account or make a payment to an other Wallet holder’s Wallet in exchange for cash.
Marketing and Sales Manager Josh Loock says: “SWAP is the most cost-effective payment solution currently in the market, for businesses and their clients.”
“Mobile payments are also an effective way to capture new revenue from customers who have no other way to pay, or who simply prefer the convenience and safety of paying from their cellphones.”
Safety and security are a SWAP priority and are addressed through the development of a security framework consisting of a combination of both technical and operational security standards and structures thereby ensuring a security level appropriate to an e-commerce solution. SWAP is an authorized Payment Service Provider and is registered with PASA and WASPA.
Activate a SWAP Wallet immediately by dialing *130*1313# – or visit www.swapmobile.co.za to register a SWAP Code.
Additional information is available on the website and SWAP Marketing and Sales Manager, Josh Loock, is available on 012 460 4254 / 071 1366 790 (cell) or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.
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