South Africa has a new mobile payment app 07.11.2017

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South African mobile payment market has been expanded with a new app called Slide. This independently developed P2P software was created by three young Cape Town entrepreneurs.

According to Slides’ co-founder Irshad Kathrada, he and his partners were inspired by the big number of payment solutions available in the US. Slide was developed to provide a simple way for P2P transactions via mobile phones. He claims that making payments with the app is as easy as sending text messages. Customers don’t have to know someone’s bank account data or have cash on them.

The app functions as a mobile wallet. Funds can be sent to any contact, regardless of their bank or mobile network operator. Senders are notified when their funds have been accepted. Receivers get SMS and email alerts that urge them to install the app. All funds can be cashed out or transferred whenever necessary.

The app is synchronized with phone contacts and allows to expand the contact list with cell numbers and email addresses. A user can select a contact for a money transfer, add messages to payments. Slide supports attaching emojis to messages, borrowing from Facebook and WhatsApp.