About
PayWithCapture is a convergent merchant payment system that aggregates QR-code payment, NFC-Beacon & quick pay for merchant acceptance while enabling all existing payment instruments like MasterCard,VISA,Bank Accounts & Mobile Money Wallets into one application with offline capabilities for consumer
Innovation presentation
We believe payments should be simple. PayWithCapture is a convergent payment system that aggregates QR-code payment, NFC-Beacon and all existing payment instruments like MasterCard,VISA,Bank Accounts & Mobile Money Wallets into one application with offline capabilities.
PayWithCapture was designed to solve existing pain points in payment in Africa e.g. lack of reliable internet connectivity, inability to use multiple payment options in one single payment while bring new innovation that converts offline media like newspapers into payment channels via QR-code.
The product has been built and currently has been used to sign up major international airlines. This is also a device agnostic payment app that works on all Mobile OS and truly includes anyone that has a mobile.
A total of 170 merchants has been signed up as at the time of writing this entry and its about to be rolled out to all African countries. Over 55,000 customer has been signed up in less than 4weeks of launch.
This payment system allows merchants to receive payments without any investment in technology and also push content via the in-built loyalty & coupon system to consumers via our beacon technology.
PayWithCapture automatically makes any mobile phone to be able to make Near-Field Payment via our Beacon Technology with or without in-built NFC capability
Uniqueness of the project
PayWIthCapture project is unique because we had to create a new way to make payments without going the usual POS way yet make it fun & cool for consumers.
In addition, as a Bank, the norm is to create products for just our consumers but to create a true acquiring solution, we have to ensure any Bank's consumers can use it without any hindrance, Summarily we had to think differently as a startup not as a Bank.
Using QR-code & NFC-Beacons as an acquiring means has not been used in West Africa before and allowing consumers to link all Bank's payment cards ( VISA/MasterCard ) in one payment app is a disruptive innovation. Our acquiring business model as a Bank is to be the bank of choice for merchants & corporates and this product has helped to achieve that goal.
