Faizel Patel – 20/07/2020
Vodacom Financial Services has announced a technology partnership with Alipay to bring inclusive mobile solutions to South African consumers and businesses through innovative digital technologies.
Vodacom says the super-app will make it easier to manage your entire life and business through your smartphone offering you customised, dynamic products and services at the touch of your screen no matter where you are.
Commenting on the announcement, Shameel Joosub, Vodacom Group Chief Executive Officer says the partnership is a significant milestone in promoting greater financial inclusion within the communities accelerating the companies financial services aspirations across Africa.
“We already offer South African customers an ecosystem of innovative digital financial services products, but this technology partnership with Alipay will enable us to be on par with leading global digital counterparts quicker and more efficiently.”
Alipay is, owned and operated by the Ant Group, an innovative global technology provider serving more than 1.2 billion users worldwide together with its global e-wallet partners.
Guoming Cheng, Head of Global Payment Partnerships at Ant Group, says Alipay seeks to work with like-minded partners around the world, to bring innovative and inclusive digital daily life services to consumers and small businesses globally.
“Vodacom Financial Services’ aim is to better serve customers and merchants in South Africa through digital technology, and we look forward to working with them to achieve this.”
Mariam Cassim, Chief Executive Officer of Vodacom Financial and Digital Services says the platform will offer a user-friendly, end-to-end experience that will improve transaction efficiency and introduce easy-to-use money management tools.
“Not only will consumers have the ability to easily and affordably transact, they can also keep track of their monthly spend with each merchant they transact with every day.”
The new technology will also allow access to digital lifestyle solutions such as playing games and watching videos, e-news, cab-hailing and much more.
Vodacom Financial Services says it will embark on a drive to recruit and develop the best skills required to bring this application to life early next year.